CLM Matrix's Matrix-Online solution is under evaluation testing as an Azure certified cloud-based application.

Dallas, Texas, USA, July 29, 2010 — With over 10,000 customers signed up already for their Azure platform, Microsoft looks to have hit another home run in helping customers drive greater efficiency. CLM Matrix is following suit with their Matrix-Online solution, focused on streamlining the contract process for companies who need to better manage their existing obligations. 

Matrix-Online is a Software as a Service (SaaS) offering that runs on the Windows Azure and SQL Azure Platform as a Service (Paas). The solution provides a cloud-based contract management repository where companies can track, search and set alerts for all of your active contracts. No IT staff is needed, no additional licenses, access to all future upgrades and releases with minimal configuration.
As Microsoft signs up additional customers on the Azure platform, CLM Matrix intends to broaden their customer reach by having the Matrix-Online service fully enabled within the cloud environment.

“Matrix-Online is an ideal solution for companies who need to get a handle on their contractual relationships,” says Tim Sparks, CEO of CLM Matrix. "Companies that have diverse vendor, customer and partner relationships need a flexible and scalable solution that can meet their needs. Windows Azure and SQL Azure are the perfect cloud platform for our contract management service offering to reach a broader set of customers."

Matrix-Online allows users to set up alerts and notifications to establish reminders for future milestones (e.g. date expirations). The management reporting capabilities also allow companies to proactively manage their pipeline of expiring agreements and gain greater insight into governing terms and conditions that influence future business performance.

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.