2013-01-22 06:27:50 - MarketMaker4 to offer Seal’s unique Contract Discovery to enhance sourcing projects and market intelligence services
London and San Francisco – 16th January 2013 – Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced a new partnership with MarketMaker4, the UK and US provider of online sourcing and negotiation solutions. The partnership will see MarketMaker4 enhance their customer offering, by utilizing Seal Contract Discovery and Analytics to assist in automatically locating and extracting key contractual terms, dates and other information from procurement, sourcing and other documentation.
Dave Bowen, CEO of MarketMaker4 commented, “From a sourcing perspective, being able to review contracts in a timely manner is a critical activity - both in preparation for contract renewal, and for monitoring any rebates or price-breaks that may be due. All too often
revenue opportunities are delayed or lost, due to the lack of visibility of contracts that are not in the contract repository. The Seal Contract Discovery solution is truly ground-breaking, addressing any lack of diligent contract filing by automating contract discovery. We have shown the product to many of our clients and they are very excited about both the incremental cash savings and risk management benefits this enhancement will offer them.”
MarketMaker4 Chairman, Chirag Shah added, “The Seal solution is a unique and valuable enhancement within our business intelligence module and creates a natural extension of our Sourcing capability into the Contract Management segment. To fully enhance its effectiveness we have built an interface that structures contract data in a way that maximizes its efficacy for the procurement user and integrates data seamlessly with our other applications.”
Ulf Zetterberg, Founder and CEO, Seal Software Group said, “The MarketMaker4 team has designed a highly innovative procurement platform with an approach and functionality that we have not seen elsewhere. Seal’s unique, automated contract discovery capabilities, when combined with MarketMaker4’s easy to use SaaS application creates a compelling one-stop spend management solution for supply chain professionals, with many possible applications. We’re delighted to be announcing this partnership today and look forward to working closely with the MarketMaker4 team.”