10-Jan-09 10:00 AM CST

U.S.-Based Subsidiary of the World’s Leading Oil Producing and Exporting Company Selects CLM Matrix To Automate Contract Lifecycle Management

Dallas, Texas, USA, January 10, 2009 —CLM Matrix’s recently signed an agreement with a U.S.-based subsidiary responsible for facilitating the safe and reliable delivery of energy to customers around the globe and providing information technology, financial services and marine-vessel services to their parent company.

To streamline these activities, they needed to automate the contract initiation and request for new agreement processes. They also needed to automate the capture of standard metadata that governs future rights and obligations and ensure the accuracy of this information in downstream systems.

After careful research and review, the company selected Matrix – Enterprise to help them drive the breadth and scale of their business operations globally.

“We knew Matrix – Enterprise would give them the power they needed to achieve their automation needs. They appreciated the fact that our system works so beautifully with their Microsoft Office Suite and would deliver the functionality and results they were looking for” said Bill Pugh, CLM Matrix President. “We are extremely pleased to be selected. When a company this large chooses your product, it’s quite an endorsement.”

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