Download the White paper from http://bit.ly/1rb25YV Today, contract management is one of the biggest challenges companies face. To address the issue of large amount of unstructured data, companies are looking for information governance to ensure effectual enterprise contract lifecycle management. Go through this presentation to understand how Selectica Contract Discovery and Contract Analytics solutions empower the user to search across the contract corpus, extractspecific clauses and help companies mitigate risks, ensure compliance and maximize revenue.

1. Agile Contract Governance:
The major challenges & how
to address them

2. #FindManageContracts
“
”
If you think
compliance is expensive,
try non-compliance.
- Paul McNulty, former U.S. Deputy Attorney General

3. #FindManageContracts
Contracts: an invisible risk
2012 > Of all pending
litigations , 44% in
US & 57% in UK
involved contracts
2011-2012 > The number of
contract lawsuits jumped
from 83% to 86% in US,
48% to 86% in UK
2010-2012 > 54% of
companies spend more
than a million dollars
on contract litigation
Did you know?
The dominant category of litigation is contracts

4. #FindManageContracts
Enterprises face contract
related challenges
Contract
Management
Challenges
40%
increase in
new contract
data
2x
increase in new
data every
2 years
90%
of that contract
related data is
unstructured
Difficult to
separate
relevant data
from irrelevant

5. #FindManageContracts
What do organizations need?
Discover
contractual
documents
Search and
take
action on
contractual
assets
Search a
rendition
of the
contractual
image
Automatically
extract key
metadata
Surface
contractual
information
Consolidate
contractual
data in a single
repository to
reduce time
and costs

6. #FindManageContracts
Discovered & classified data
to address the challenges
1. Policy Driven Contract Information
Identify and
extract from
specific contract
documents
Review
discovered
contracts
Search across
their contract
corpus
Save time and
mitigate risk
Add contractual
paragraphs &
sections
Define policy
groups

7. #FindManageContracts
Challenges
Selectica Contract
Discovery Analytics
 Discovering negotiated clauses
 Discovering clauses that differ from
the approved corporate template
 Learning what 3rd party clauses are,
to review and approve them
 Detects group and presents any
non-standard clauses for review
 Reduces review and approval time
Powered By
Discovered & classified data
to address the challenges
2. Non-Standard Clause Detection

8. #FindManageContracts
Challenges
Selectica Contract
Discovery Analytics
 Proliferation of contract templates
 Lack of control associated with
contract templates
 No quick recognition and classification
of items
 Agile contract governance
 Contractual information to make
informed decisions on complex
scenarios
Powered By
Discovered & classified data
to address the challenges
3. Proactive Contract Template Management

9. #FindManageContracts
Summary
Contractual information is
critical to the organization
Need for proactive solutions >
intuitively and dynamically ask
questions of the contract estate
Resultant data helps to make
informed decisions > reduces time
and unnecessary costs

10. #FindManageContracts
To read the complete white paper on
‘Agile Contract Governance: The Major
Challenges & How to Address Them’
Download
www.selectica.com
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