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.”

 

• 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)

• 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