Water Management District Chooses CLM Matrix Contract Lifecycle Management Solution
Dallas, TX – November 5, 2015 – CLM Matrix, a leading global provider of Contract Lifecycle Management (CLM) applications, which include the full quote to cash process, announced today that a major Water Management District selected its Matrix Enterprise v15.x Contract Lifecycle Management (CLM) application to manage their procurement contracts.
Matrix Enterprise streamlines and automates the entire contract lifecycle, from contract request, authoring, negotiation, and approval, through contract execution, amendment, and renewal. The solution provides an enterprise view of contracts and comprehensive reporting capabilities which will allow this public sector customer to automate the ongoing supervision of contractual relationships by consolidating and maintaining accurate contract data while also minimizing risk and improving compliance with their vendors.
The Water Management District’s contract management selection process consisted of a rigorous evaluation of solutions from multiple vendors in the contract lifecycle management space. The combined complexity of their agreements and required contract oversight necessitated a CLM solution that was functionally robust and capable of being changed rapidly to conform with their evolving processes and organization policies. The team ultimately decided in favor of the CLM Matrix Contract Management application, Matrix Enterprise, based on several key business criteria including: the flexibility of our authoring tools producing documents natively in MS Word, the highly no-code wizard configurable nature of the system, and the capability for process transparency and robust reporting.
About CLM Matrix
CLM Matrix is the leading provider of solutions that transform the way companies manage contracts, trade agreements and other important documents that contain valuable strategic information. Our Matrix Software solutions significantly reduces risk and costs while increasing revenues and vastly improving productivity.
Forward thinking organizations realize they can no longer afford to rely on templates and e-mail attachments for mission critical procure-to-pay and quote-to-cash contract processes. As the leading innovator in the market, CLM Matrix is changing the way companies look at their contracting processes. Gains in efficiency and effectiveness from Contract Lifecycle Management (CLM) implementations are far too compelling for organizations to ignore. ROI’s are typically measured in months, not years.
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