Large financial institutions face increasing pressure to evaluate and disseminate in real time key data points associated with their qualified financial contracts (QFCs). SR 14-1 requires daily recording of critical information across a variety of document types and transactions, as well as across a range of financial and risk-related topics.
If you are a user of IBM’s Emptoris Contract Lifecycle Management (CLM) solution, you know what’s coming. IBM is sunsetting the Emptoris platform and all users are now encouraged to migrate to SAP’s Ariba CLM system.
Seal Software’s Version 5 has one major design objective, putting the power of Seal in the hands of business users, particularly in the areas of usability and system optimization. To increase usability and value, Seal has created a Microsoft Word “add in” so that users can interface with contracts, updating, revising and repapering them in the interface they know best – MS Word.
In January of 2015, a new mandate was published which will force major financial institutions to adopt an entirely new approach to managing their QFCs, or qualified financial contracts and related agreements. It stipulates extensive reporting on the data held within QFCs, expanding the type of information and the speed in which it is needed.
The Brexit clock is ticking for all organizations to determine how Brexit effects them. It is clear that for all UK and European based-businesses, Brexit will have a dramatic impact on business operations. For any North American or Asian organizaBon who does business internationally, there is a high likelihood that Brexit will impact them as well.
IFRS 16 requires a clear understanding of all your lease agreements. Seal Discovery and Analytics can help companies shorten the time and lower the cost for IFRS 16 preparedness.
Effective procurement and sourcing can have a dramatic and positive effect on any organization. By driving spend under management, managing supplier performance, and ensuring your contracts work for you, businesses benefit from far tighter controls.
Managing payment terms is just one example where leveraging a key contractual term benefits business, conserving cash: the lifeblood of any business. There are many other terms that are far less visible and rarely tracked that can have an equally large an impact to the business.
M&A activity is on the rise across most industries. For any organization engaged with M&A on the buy or sell side, vision into the risk and liabilities locked within contracts during the due diligence process is essential.The post merger integration process also requires fast, flexible and accurate visibility across both parties' contracts to manage liabilities, obligations and legal exposure.
Incomplete information in any solution you provide, whether it’s a Contract Lifecycle Management (CLM), Client Relationship Management (CRM), Supplier Relationship Management (SRM), Enterprise Resource Planning (ERP), or other enterprise system, hinders your ability to offer your customers the return on investment they seek.
Increasingly complex compliance requirements, industry regulation and multi-jurisdictional legislation are driving the need to extract an expanding array of key information from large numbers of contracts – Contract Abstraction.
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