29-Apr-09 3:00 PM CST

Canadian Power Company Selects Matrix – Fast Track To Improve Contract Governing Rights and Obligations.

Dallas, Texas, USA, April 29, 2009 — CLM Matrix is pleased to announce one of Canada’s leading developers, owners and operators of independent power facilities as a client. The goal of this power company is to be the leading independent power producer in Ontario, British Columbia and Alberta. They recognized that one of the keys to achieving this relied on an effective and efficient way to handle the many contracts they’d be implementing.

“After analyzing their short-term and long-term goals, we determined they needed a repository to store and manage their agreements.” Said Bill Pugh, President of CLM Matrix. “Our Matrix – Fast Track was the perfect solution. It gave them the repository they needed along with the rules-based smart system which allows them to get a better handle on their governing rights and obligations. And, since our software is built exclusively on the Microsoft Office Suite, they can harness the power of SharePoint but keep implementation and training costs way down.”

Matrix - Fast Track is a fully scalable, enterprise class solution that provides advanced contract management functionality. Matrix - Fast Track is for organizations that manage contracts that are either created outside the system or are mostly managing third party contracts. It differs from the Matrix - Enterprise solution in that it does not include the SmartContract document creation capability.

Key Matrix Fast Track Elements:

Automated, collaborative workflow for approvals, notifications and reminders. • Dynamic, rules-based and policy-driven contract modeling for requests.
SQL-based digital, historical contract summaries of information pulled directly from contract Word document for quick research.
A role-based contract monitoring and tracking portal.
Advanced SQL reporting capabilities for contract trend, performance, compliance governance analysis.
Rules-based smart system allows organizations to capture, manage and apply analytical findings for continuous improvement of analysis, interpretation and discovery thereby converting data to information and information to actionable items.
A managed repository for storage of all contract and related documents with access based on user and role permissions.
A scalable environment from departmental to enterprise implementation.

About CLM Matrix:

CLM Matrix, the Contract Lifecycle Management solution built on the Microsoft Office Suite, is an end-to-end solution to address the creation, negotiation and administration for both buy-side and sell-side contracts. The company’s Matrix Software solutions provide full lifecycle capabilities from initial request and negotiation to contract closure and monitoring with automated workflow approvals and alerts along the way.

The solution delivers significant value by:

Reducing time and expense while simplifying the creation of new contracts
Expediting the negotiation of complex contracts
Reducing the overall expense associated with managing contract compliance
Shortening the timeframe to contract closure... ensuring faster access to revenue streams

To learn more about CLM Matrix please visit www.clmmatrix.com or call us toll free at 800-961-6534.

For additional information on this release, please contact:

Darrin Poole

Phone: (713) 849-0501

Email:

Source: CLM Matrix

Website: http://www.clmmatrix.com