Lender Processing Services Selects Seal Software to Support Contract Compliance and Migration
Seal solution to streamline contract identification, reporting and clause extraction
San Francisco, CA – 21st February 2013 – Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced that its Contract Discovery and Analytics solution has been selected by Lender Processing Services (LPS) to help analyze key contracts within the organization, extract a range of contract clauses and provide detailed reporting and contract migration.
LPS, based in Jacksonville, Florida, is a leading provider of integrated technology and services to the mortgage and real estate industries.
Ulf Zetterberg, Founder and CEO, Seal Software Group said, “Seal Contract Discovery speeds up the location and identification of contractual documents, allowing organizations such as LPS to meet their compliance drivers. Our reporting and analysis capabilities further enhance our automated discovery and we look forward to working with LPS as they embark on their contract compliance project.”
Further information on Seal Contract Discovery and Analytics can be found at: www.seal-software.com/solutions
About Seal Software Group
Seal Software Group has created a new market segment, Contract Discovery and Analytics, with its unique Seal cDiscovery solution.
Seal cDiscovery addresses compelling pain points within all enterprises: how to find contracts, extract clauses, render them for easy review, and populate corporate repositories – CRM, CLM, ERP, SRM – with contract data.
Seal cDiscovery is installed in minutes and, without expensive configuration, automatically discovers existing contractual documents from a wide range of document and image file types. It also automatically extracts key clause metadata and provides an easy format for further review, as well as a platform for on-going management of contracts, with a fully searchable repository and obligation management tools. Critically, it allows easy migration of contracts and metadata to the full range of enterprise platforms.
Seal has the vision to make Seal cDiscovery the cVault for every enterprise – a central repository representing the ‘single source of the truth’ for contracts, used to process in-bound contracts, audit the enterprise for rogue contracts, and provide a single search, reporting and migration tool for regulatory, transactional and strategic purposes, accessed by every major enterprise process for which contracts are important.
Seal helps organizations in verticals such as legal services, financial services, oil and gas, high-tech, pharmaceutical, media, manufacturing, transportation, and telecommunications achieve control of their contracts and obligations for compliance, cost saving and competitive advantage.
For further information, visit the Seal Software website: www.seal-software.com