Create contracts in minutes rather than weeks. Microsoft, McAfee, National Grid and RehabCare all deploy ContractExpress at launch.
New York, NY (PRWEB) June 2, 2009 -- Business Integrity has launched ContractExpress for SharePoint, a software solution that offers a faster, more compliant way to create and manage business contracts.
ContractExpress for SharePoint offers full contract lifecycle management features from contract creation and execution to end of life archiving and is delivered on the highly successful Microsoft SharePoint platform.
Unlike other contract management products, which are designed to be used by specialists, ContractExpress for SharePoint offers a unique solution for legally safe, self-service contract creation which enables business users, rather than lawyers or contract managers, to generate compliant legal agreements in minutes rather than days or weeks.
ContractExpress for SharePoint is designed to meet the requirements of large corporations seeking to streamline business processes involving the execution of business contracts. With legally safe, self service contract creation, cumbersome processes can be shortened allowing corporations to execute business processes faster and accelerate revenue recognition. ContractExpress for Sharepoint is delivered either on premise or as a hosted solution.
National Grid, the electricity and gas network operator in the UK and US is one of the high profile corporations who have deployed Contract Express for SharePoint from launch.
"We pride ourselves on our business innovation and looking for ways to improve departmental efficiency. ContractExpress for SharePoint is a platform that allows us to safely devolve the creation of volume and standard contracts to business users and some of our external counsel within a controlled environment, rather than have Legal draft everything purely to ensure consistency and governance, which is now controlled by the software," commented Ian Leedham, Senior Counsel, Commercial at National Grid. "The added workflow element also gives end user involvement and allows everyone to see the status of a particular transaction and quickly identify and segregate anything out of the ordinary for our attention. This frees up the legal team's time to focus on those transactions that really need their expertise, whilst providing a more transparent and improved service to the business."
Richard Newton, VP Europe at Business Integrity said, ''Contracts have historically been ignored by business information systems. Business users have not been trusted to draft contracts and the task has been left to the lawyers or contract managers, which can delay the business cycle by days or weeks. Once executed, contract documentation is rarely stored, managed, and reported in a structured manner leaving the business exposed to unmanaged commercial risk. ContractExpress for SharePoint helps solve all of those problems.''
Leading IT analyst firm Forrester Research estimates that the contract management lifecycle management market is growing at an annual rate of 23%.
About Business Integrity (www.business-integrity.com)
Business Integrity develops and markets the ContractExpress family of software products, comprising ContractExpress for SharePoint, ContractExpress NDA for SharePoint and ContractExpress DealBuilder. Business Integrity has an impressive client list of leading law firms and corporations in the US and UK which use ContractExpress to reduce the elapsed time required to produce standard contracts, and to enable lawyers to focus on high value non-standard contracts. The company was founded in 2001, and is privately held with offices in New York and London.
Customers include: Microsoft, AXA, PepsiCo, Amazon, McAfee, Cisco Systems, Christies, Cadence, Logitech, Henkel Corporation, Allen & Overy, Clifford Chance, Latham & Watkins, Linklaters, Littler Mendelson, and Wilson Sonsini.
Contact:
Thomas Mulé
Business Integrity, Inc.
888 569-2430
Richard Newton
Business Integrity, Europe
+44 (0)207 490 0914
http://www.business-integrity.com
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