5-May-09 11:00 AM CST

Action Packed Entertainment Studio Has Found Their Solution To Efficiencies and Improved Profits Via Contract Lifecycle Management.

Dallas, Texas, USA, May 5, 2009 —One of the world’s most prominent character-building entertainment companies has chosen CLM Matrix and their Matrix – Enterprise software to help them meet contractual compensation obligations — potentially saving them millions in late fees and penalties.

“Because they are in the entertainment business, they have Lead Actor agreements with as many as 175 optional clauses with various obligations related to each clause. That’s a tremendous amount of information to keep track of.” Says CLM Matrix President, Bill Pugh. “By defining the workflow processes for each of their contract types, we were able to configure our software to the key business rules that would generate proactive notifications for key terms. This significantly reduced the amount of manual tasks needed and the automated alerts and triggers the software provides will reduce the financial penalties and ultimately improve the company’s bottom line performance.”

More About Matrix - Enterprise™

CLM Matrix and their Matrix - Enterprise solution is the market leader in contract lifecycle management (CLM) solutions for Microsoft Platform users.The product is a fully scalable, enterprise-class solution that extends the functionality of traditional contract management software by adding features such as:

Rule-based document creation
Clause libraries
Policy-based approval workflow
Automated reminders and alerts
Realtime user defined reporting
Integration with legacy enterprise software
Contract compliance tracking
Multi-language capabilities
Support for global environments
Fully configurable to specific process and document types without code (wizard driven)

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