This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Children’s Hospitals And Clinics Of Minnesota Chooses The Selectica Contract Lifecycle Management Solution

Selectica, Inc. (NASDAQ:SLTC), provider of deal management solutions, including sales configuration and contract lifecycle management solutions, today announced that Children’s Hospitals and Clinics of Minnesota has chosen to deploy the Selectica Contract Lifecycle Management software across its network of hospitals and clinics.

“Our organization was looking to gain a higher level of control and visibility in the contract management process beyond what’s provided by the type of basic contract repositories most healthcare systems have,” said Pamela Kane, Project Manager at Children’s Hospitals and Clinics of Minnesota. “By implementing the Selectica solution, we will be able to better manage our agreements throughout the entire contract lifecycle—from contract initiation to renewal.”

The Selectica Contract Lifecycle Management solution streamlines the contract management process, from contract request, authoring, negotiation, and approval, through contract execution, on-going obligations management, amendment, and renewal. During the evaluation process, Children’s Hospitals and Clinics of Minnesota concluded that Selectica’s solution would optimally help the organization improve its contract authoring process, provide greater agility in its business process, and provide oversight on the types of obligations outlined in healthcare-specific regulations.

During their selection process, end users at Children’s Hospitals and Clinics of Minnesota preferred the look and feel of Selectica’s user interface, as well as the advanced functionality the solution provides. Compelling features of the Selectica solution that stood out were the tools pertaining to authoring and negotiating contracts. Users throughout the organization will now be able to create contracts within a configurable system, standardizing contract language and terms using approved templates. Additionally, the company plans to utilize negotiation capabilities within the system such as side-by-side draft comparisons. The organization also found the system’s ability to provide a consolidated “effective view” across all contract amendments to be particularly valuable.

As Kane remarked, “The capabilities present in Selectica’s solution not only to store, but to actively manage our contracts, will allow us to notice areas in our contracting processes where we can gain more value.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 1.05%
FB $99.75 -4.15%
GOOG $682.74 -0.12%
TSLA $147.99 -8.99%
YHOO $27.05 -3.29%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs