Seal Software has created a new market segment, Contract Discovery and Analytics, with its unique Seal Contract Discovery solution.
Seal Contract Discovery addresses compelling pain points within all enterprises: how to find contracts, extract clauses, render them for easy review, and populate corporate repositories – CRM, CLM, ERP, SRM – with contract data.
Seal Contract Discovery is installed in minutes and, without expensive configuration, automatically discovers existing contractual documents from a wide range of document and image file types. It also automatically extracts key clause metadata and provides an easy format for further review, as well as a platform for on-going management of contracts, with a fully searchable repository and obligation management tools. Critically, it allows easy migration of contracts and metadata to the full range of enterprise platforms.
Seal has the vision to make Seal Contract Discovery the cVault for every enterprise – a central repository representing the ‘single source of the truth’ for contracts, used to process in-bound contracts, audit the enterprise for rogue contracts, and provide a single search, reporting and migration tool for regulatory, transactional and strategic purposes, accessed by every major enterprise process for which contracts are important.
Market Leading Solutions
Seal Contract Discovery was recently reviewed by the influential Spend Matters blog:
‘… A Disruptive Approach to Contract Visibility and Management…a solution that every company of some size needs, no matter what they already have…a revolutionary way to really understand what is in contracts…potentially two full development cycles ahead of what is out in the market.’
Seal Contract Discovery is thus targeted at every global enterprise. Additionally, Seal Contract Discovery functionality provides compelling point solutions – the LPO contract abstraction industry, internal audit, procurement outsourcing, contract due diligence for M&A, and contract migration. The current wave of governance/compliance, particularly in the banking sector (Dodd-Frank) is driving complete audits of enterprise contract corpuses where Seal Contract Discovery has no obvious competitor as a technology platform.
Blue Chip Customers
Seal has great referenceable customers:
- A tier one legal firm is using Seal Contract Discovery to automate contract due diligence
- A Fortune 100 finance company used Seal Contract Discovery to identify and migrate procurement contracts
- A Fortune 100 financial information company is using Seal Contract Discovery to migrate >100,000 contracts to Salesforce.com
- A procurement outsourcing firm is using Seal Contract Discovery to discover procurement contracts for its customers
World Class Leadership and Ownership
External investors include partners from leading venture firms and founders of global technology firms.
Global Capabilities and Support
Seal is headquartered in San Francisco, California with offices in Reading, UK and Gothenberg, Sweden. Seal’s customers include global companies based in the Middle East, continental Europe, UK, and North America.