Multinational Automotive Manufacturing Company Selects CLM Matrix To Automate Contract Lifecycle Management
Dallas, TX – May 31, 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 Multinational Automotive Manufacturer selected its Matrix Enterprise v15.x Contract Lifecycle Management (CLM) application for its CLM and vendor management requirements and strategic manufacturing partner contracting needs.
Matrix Enterprise streamlines 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 Automotive Manufacturer to automate the ongoing supervision of contractual relationships through consolidating and maintaining accurate contract data while also minimizing risk and improving compliance with their partner manufacturers.
The Automotive Manufacturer’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 corporate polices. 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, the ability to comply with complex financial compliance requirements, and the capability for process transparency and robust reporting. “CLM Matrix is fortunate to have been selected by another industry leading firm”, says Tim Sparks. “This further validates the competitive feature/function capabilities of our product as stacked up against CLM incumbents. Our best customer is an objective and educated buyer who understands the business challenges they are trying to solve.”
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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