SAN MATEO, CA, June 29, 2015 – Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management—from source to pay, and configuration solutions, announced that Edwards Lifesciences chose to implement Selectica SmartContracts® to manage a variety of contracts.
Edwards is the global leader in the science of heart valves and hemodynamic monitoring. Driven by a passion to help patients, the company partners with clinicians to develop innovative technologies in the areas of structural heart disease and critical care monitoring that enable them to save and enhance lives.
Selectica SmartContracts solution streamlines the entire contract lifecycle – from contract request, authoring, negotiation, and approval, through contract execution, ongoing obligations management, amendment, and renewal. The solution’s Clause Library functionality will help Edwards improve the consistency of language and terms used across its contracts to mitigate risk; while SmartContracts solution’s dynamic workflow capabilities will help the company reduce contract cycle time.
“At Selectica we understand the importance of executing and managing contracts in a timely and compliant fashion, empowering our customers to maintain a positive relationship with their customers, while proactively mitigating risks, controlling costs and driving revenue.” said Jeffrey Grosman, Selectica’s Chief Operating Officer. “We look forward to helping Edwards Life Sciences strengthen their relationships with their clinician partners by making the contracting process easier and more streamlined through leveraging Selectica SmartContracts industry leading capabilities.”
About Determine, Inc.
Determine (NASDAQ: DTRM) is a provider of leading enterprise cloud software solutions with over four decades of collective technical and process knowledge in the areas of strategic sourcing, enterprise contract lifecycle management, and procure to pay solutions. We provide the next generation of agile, enterprise cloud solutions for managing the needs of modern business. Using our intuitive applications, organizations can effectively manage the full scope of source to pay and enterprise contract lifecycle management requirements using the Determine platform.
The Determine platform is an open technology infrastructure based on smart process application models. The goal of our platform is to establish awareness of relevant data, manage business documents, embed analytical tools, create a means for collaboration, and provide advanced process management tools for fully integrating business processes through an open API infrastructure. Built on a unified and highly scalable platform, we deliver deep and innovative capabilities in strategic sourcing, supplier management, enterprise contract lifecycle management, e-procurement, invoicing, and other business operation areas.
In addition to our source to pay and enterprise contract lifecycle management solutions suite, we also provide a powerful, patented configuration engine solution, which Global 1000 companies use to increase revenue by facilitating the right combination of products, services, and price.
For more information, please visit: www.determine.com.