Callidus Software Inc. (NASDAQ: CALD), a global leader in cloud-based sales, marketing, learning and customer experience solutions, has announced a partnership with Seal Software that will allow businesses with libraries of existing contracts to migrate them easily and quickly into CallidusCloud CLM (Contract Lifecycle Management), unlocking important information hidden within contracts to uncover new revenue opportunities.
The partnership agreement will help companies transform their management of contract data as they migrate existing contract libraries to the CallidusCloud CLM solution. Organizations struggle to understand and aggregate all the obligations and risks hidden within their contracts, including renewal dates, terminations, SLAs, indemnification, and non-standard language. Seal’s enhanced analytic capabilities extract this information into the CLM system, making it understandable and searchable so organizations can improve processing efficiency, maximize the value of their contracts and better manage risk.
“Contracts contain rich data that can be used as a source of business intelligence to unlock hidden revenue opportunities, accelerate sales cycles and enhance customer experiences,” said Giles House, chief marketing officer at CallidusCloud. “This partnership brings together two leaders in the marketplace to help our customers use contracts as a competitive advantage at a time when they are looking to sell faster from lead to money.”
“We are very excited to be partnering with CallidusCloud to add advanced analytics when migrating contracts into their CLM system,” said Ulf Zetterberg, CEO of Seal Software. “The combination of our technologies enables organizations to efficiently pull contracts from multiple systems, extract the valuable intelligence hidden inside, and then effectively and securely manage their entire corpus of contracts on an ongoing basis. This partnership will provide significant value for our joint customers.”