Selectica Contract Lifecycle Management Adds Significant Enhancements for Deeper Insight and Improved Visibility and Control

Selectica Contract Lifecycle Management Adds Significant Enhancements for 
Deeper Insight and Improved Visibility and Control 
Selectica CLM 6.0 Includes Integration With DocuSign and UI
Enhancements Fostering Collaboration 
SAN MATEO, CA -- (Marketwired) -- 04/29/13 --  Focused on improving
visibility and configurability of its best-selling Contract Lifecycle
Management solution, Selectica (NASDAQ: SLTC), today announced the
immediate availability of its latest release of Selectica Contract
Lifecycle Management. Selectica CLM version 6.0. offers better
contract approval process visibility and control, a deeper level of
contextual insight into the formation of each contract, and more
customization opportunities. The product offers a proven track record
of accelerating sales cycles and streamlining contract processes.  
"Our customers have resoundingly asked for more out-of-the-box
functionality and more effective ways to manage complex approvals,
and CLM 6.0 delivers all that and more," said Jason Stern, President
and CEO at Selectica. "Contract management is a complex and detailed
process and is a critical step for a wide range of industries. Our
solution delivers all the features and functionality to allow
executives to complete deals quickly, without sacrificing control or
losing potential revenue." 
Selectica Contract Lifecycle Management allows companies with complex
contract processes to manage contracts from request, authoring, and
negotiation, through ongoing obligation management and renewal. It
delivers at-a-glance contract information with fewer clicks, allows
users to easily request additional information from other
stakeholders in the deal if necessary, and helps complete deals
quickly using today's most popular eSignature vendors. 
Key features and functionality enhancements in the latest release of
Selectica CLM include: 


 
--  More eSignature options: Selectica CLM now integrates with both
    EchoSign and DocuSign, giving users their choice for contract
    eSignature.
--  New Composer UI: A revamped user interface for the Composer tool makes
    it easier for administrators to write approvals rules by modeling
    complex logic with UI clicks rather than coding.
--  Full contract approvals visibility: A log that can be viewed in the
    approvals stage includes a list of all significant contract events
    that transpired during the approvals process, including approvals,
    task reassignments, rejections, notes, and pertinent contract details.
--  "Request More Information" feature: The "Request More Information"
    feature allows approvers to ask anyone in the approvals workflow for
    additional details on a contract before they approve, reject, or
    reassign it. When a user receives a request for more information, they
    can respond with comments and attach files, which are all tracked in
    the system with the contract record.

  
The eSignature and approvals enhancements in Selectica CLM 6.0
complement recent Aberdeen Group research, which shows 37% of
respondents viewed reduced contract cycle time as a top performance
indicator that measures contract management strategy performance. 
Selectica Contract Lifecycle Management also integrates with leading
ERP, CRM, SRM, procurement, business intelligence, and eSignature
tools, including Salesforce, Oracle, SAP, EMC Documentum, Cognos,
Adobe EchoSign, DocuSign, and many more. 
Interested parties can learn more about Selectica Contract Lifecycle
Management as well as Selectica CPQ at www.selectica.com. 
About Selectica
 Selectica (NASDAQ: SLTC) develops innovative
software that the world's most successful companies rely on to
improve the effectiveness of their sales and contracting processes.
Our guided selling, sales configuration, and contract lifecycle
management solutions support the Global 2000 and growing mid-size
firms in closing billions of dollars' worth of business each year.
Our patented technology, delivered through the cloud, makes it easy
for customers in industries like high-tech, telecommunications,
manufacturing, healthcare, financial services, and government
contracting to overcome product and channel complexity, increase deal
value, and accelerate time to revenue. 
For more information: 


 
--  Visit the Selectica website to learn more about the company and its
    products and customers (http://www.selectica.com/)
--  Follow @Selectica_Inc on Twitter to stay up to date with industry news
    and updates (https://twitter.com/Selectica_Inc)
--  Visit "Done Deal," the Selectica blog, to read articles, advice, and
    commentary on how to optimize deal processes (www.selectica.com/blog)
--  Watch Selectica videos on YouTube to see what Selectica and its
    products can do (http://www.youtube.com/user/SelecticaVideos)
--  Browse the Selectica resource center to find guides and resources on
    how to improve sales and contracting processes
    (http://www.selectica.com/resources)

  
Forward-looking Statements
 Certain statements in this release and
elsewhere by Selectica are forward-looking statements within the
meaning of the federal securities laws and the Private Securities
Litigation Reform Act of 1995. Such statements may include, without
limitation, statements regarding business outlook, assessment of
market conditions, anticipated financial and operating results,
strategies, future plans, contingencies and contemplated transactions
of the company. Such forward-looking statements are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties and other factors which may cause or contribute to
actual results of company operations, or the performance or
achievements of the company or industry results, to differ materially
from those expressed, or implied by the forward-looking statements.
In addition to any such risks, uncertainties and other factors
discussed elsewhere herein, risks, uncertainties and other factors
that could cause or contribute to actual results differing materially
from those expressed or implied for the forward-looking statements
include, but are not limited to the on-going global recession;
fluctuations in demand for Selectica's products and services;
government policies and regulations, including, but not limited to
those affecting the company's industry; and risks related to the
company's past stock granting policies and related restatement of
financial statements. Selectica undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise. Additional risk factors
concerning the company can be found in the company's most recent Form
10-K, filed by the company with the Securities and Exchange
Commission. 
Media contacts
Kimberly Canedo
Tanis Communications
(408) 295-4309 x104
kimberly.canedo@taniscomm.com 
Jordan McMahon
Selectica
(650) 532-1520
pr@selectica.com 
Investor contact 
Todd Spartz
Selectica
(650) 532-1540
ir@selectica.com 
 
 
Press spacebar to pause and continue. Press esc to stop.