SAN MATEO, CA -- (Marketwire) -- 03/13/13 -- Selectica (NASDAQ: SLTC), a provider of software that accelerates sales cycles and streamlines contract processes, today announced that the Cambridge Health Alliance Physicians Organization (CHAPO) has chosen Selectica Contract Lifecycle Management to automate its contract processes, improving visibility and ensuring compliance with industry regulations.
"For us, visibility and compliance is key," said Dave Harrington, Interim Director of Provider Contracts at CHAPO. "With our organization spanning multiple campuses and locations, we need a central, easily searchable system to be sure that we are maintaining our contract records effectively and receiving alerts for contract changes, deliverables, or action items."
With three hospital campuses and a variety of primary care and specialty practice locations, CHAPO sought a contract management solution that could help it maintain control over the large number of physician and contractor agreements across their organization. Using Selectica CLM, CHAPO will be able to ensure that approved legal language is incorporated into all agreements, remain compliant with such industry regulations as STARK, improve approval chain visibility with user dashboards that track contract progress, and automatically trigger next steps based on completed contract activities.
"It's encouraging to see continued momentum in CLM adoption for healthcare organizations, many of which face a unique set of contract management challenges that can only be effectively controlled in a manual way for so long," said Kamal Ahluwalia, Selectica Chief Marketing Officer. "We're very pleased that CHAPO will be using our contract management solution to streamline the complexity associated with their agreements as they continue to expand and evolve in their community health mission."
Selectica (NASDAQ: SLTC) develops innovative software that the world's most successful companies rely on to improve the effectiveness of their sales and contracting processes. Our guided selling, sales configuration, and contract lifecycle management solutions support the Global 2000 and growing mid-size firms in closing billions of dollars' worth of business each year. Our patented technology, delivered through the cloud, makes it easy for customers in industries like high-tech, telecommunications, manufacturing, healthcare, financial services, and government contracting to overcome product and channel complexity, increase deal value, and accelerate time to revenue.
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