SAN MATEO, CA -- (Marketwire) -- 12/08/11 -- Selectica, Inc. (NASDAQ: SLTC), provider of cloud-based sales configuration and contract lifecycle management solutions, today rolled out the latest version of Selectica Contract Lifecycle Management 5, further expanding a feature set that had already made Selectica CLM the preferred choice for companies managing sell-side contracts. Since first announcing Selectica CLM 5 in May 2011 at Fusion '11, the company's annual user conference, Selectica has released three major updates to the product.
"Selectica CLM 5 is very customer-driven, and we're delighted to see how quickly users are embracing the new features," said Joe Lipple, Vice President of Product Management at Selectica. "We built this release to address customer interest in key functional areas like mobile approvals, advanced reporting, Microsoft Word integration, and overall usability. By listening to our customers, we've released the most significant advances since the product's introduction."
Selectica Contract Lifecycle Management 5 helps simplify and accelerate contract processes in a variety of ways:
Mobile: "One-click" contract approvals, rejections, and reassignments from Android, BlackBerry, iPhone, and iPad
E-signature: Seamless integration to the most popular e-signature solutions
Reporting: Significant enhancements to reporting across contract types, creation of tables for external reporting/business intelligence (BI) tools, and the ability to email report results in PDF, CSV, or XML format
Usability: Complete overhaul of the user interface (UI) framework, reducing the number of steps to complete actions and enabling better persistence of user settings
Support for Microsoft Office 2010: Full support of Microsoft Office .docx and .xlsx formats for contract documents, attachments, and imports
Authoring: Contract creation, check-in, and validation without leaving Microsoft Word
Microsoft Word Template Management: Addition of approval lifecycles for contract document templates, template versioning, and "future effectivity" for the effective date range of templates
Amendment Visibility: Enhanced insight into agreement status through views showing auditable roll-ups of all amended terms
Selectica CLM 5 is the latest version of Selectica Contract Lifecycle Management, an automated solution that allows companies with complex contract processes to manage contracts from request, authoring, and negotiation through ongoing obligation management and renewal.
Interested parties can learn more about Selectica CLM 5 at http://selectica.com/programs/w/clm5/.
About Selectica, Inc.
Selectica (NASDAQ: SLTC) provides Global 2000 companies with cloud software solutions that help them close business faster, with higher margins and lower risk. More than 100,000 users rely on Selectica applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management to streamline their sales operations and process over one million new contracts annually. Selectica solutions are used by leaders in technology, healthcare, government contracting, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications. For more information, visit www.selectica.com.
Certain statements in this release and elsewhere by Selectica are forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the Company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of Company operations, or the performance or achievements of the Company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to the on-going global recession; fluctuations in demand for Selectica's products and services; government policies and regulations, including, but not limited to those affecting the Company's industry; and risks related to the Company's past stock granting policies and related restatement of financial statements. Selectica undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Additional risk factors concerning the Company can be found in the Company's most recent Form 10-K, filed by the Company with the Securities and Exchange Commission.
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