SAN JOSE, CA -- (MARKET WIRE) -- 04/09/08 -- Selectica,Inc. (NASDAQ: SLTC), a leading provider of enterprise contractlifecycle management (CLM) solutions, today announced general availabilityof the latest release of Selectica Contract Performance Management. Themost notable enhancements in the release accelerate review and approvalcycles, expedite workflows, enhance reporting and audit capabilities, andadd more powerful searching options.Selectica Contract Performance Management v3.2 enables a geographicallydiverse team to receive and process contract approvals via PDAs andSmartphones, such as the Blackberry and the Motorola Q. As a result,contract reviewers and approvers can securely process the contract andprovide comments from anywhere in the world.
Enhancements to the handling of third-party contracts include PDF-to-MSWordconversion, to facilitate processing, review, and approval. In addition,new tools enable a comparison of inbound third-party clauses in thesecontracts to a company's "approved" clauses, allowing legal departments toquickly identify changed, missing, or risky terms.
The latest version of Selectica Contract Performance Management alsoprovides cross-contract type reporting, which enables users to aggregateinformation across multiple contract types into a single report, enablingvisibility into, and evaluation of their overall value -- and risks. Alsoadded are enhanced search engine capabilities that allow searching of boththe full text of the contract as well as contract attachments.
"Selectica is committed to expanding the footprint of our ContractPerformance Management solution, and to advancing its usability for allcustomers," said Jason Stern, Selectica's Vice President of Products andBusiness Development, Contract Management Solutions. "The featureenhancements contained in this latest version certainly reflect that focus,while also addressing the specific needs of legal and contractingdepartments, as well as the specialized requirements for governmentcontracts and healthcare providers. Several key customers are expected toadopt Selectica Contract Performance Management v3.2, representing thetelecommunications, healthcare, manufacturing, and food and beverageindustries."
Visit the Selectica Contract PerformanceManagement product page for additional information.
About Selectica, Inc.
Selectica, Inc. (NASDAQ: SLTC)provides enterprise-class software solutions for sales configuration andcontract lifecycle management. Selectica's contract management softwaresolutions enable companies to manage critical business functions includingcontract administration, sourcing, procurement, governance, sales, revenuerecognition, healthcare, and provide enterprise-wide visibility to keystakeholders such as General Counsel and executive management. Selectica'sSales Configuration Solutions simplify and automate the configuration,pricing, and quoting of complex products and services. For over 10 years,Selectica has helped its customers generate substantial savings. Selectica customers represent leaders in manufacturing,technology, finance, retail, real estate, insurance, healthcare,semiconductor and telecommunications, including: ABB, ADP, Accenture, BellCanada, Cisco, Covad Communications, Fujitsu, General Electric, Fireman'sFund Insurance Company, Host Hotels, IBM, Juniper Networks, RelianceIndustries, Rockwell Automation, Tellabs, and Walt Disney. Selectica isheadquartered in San Jose, CA. For more information, visit the company'sWeb site at www.selectica.com.
Investor Contact:
Scott Wilson
415-785-7945
IR@Selectica.com
Media Contact:
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Diamond Publications
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