Kellogg Chooses Selectica for Enterprise Contract Lifecycle Management Solutions
San Mateo, CA, May 4, 2015 — Selectica, Inc. (NASDAQ: SLTC), a leading provider of contract management, supply management—from source to pay, and configuration solutions, announced that it will be working with Kellogg, one of the world’s leading consumer packaged goods companies. Kellogg has chosen Selectica SmartContracts® to automate its contract lifecycle processes enterprise-wide and ensure visibility into contract milestones.
In order to manage myriad of contracts with vendors both regional and global, Kellogg picked SmartContracts® for its powerful features. After a lengthy evaluation period, Kellogg concluded that Selectica contract lifecycle management offered the most configurable solution available.
“Some of the key features important to us included the Clause Library and the workflow tools,” said Dan O’Connor, Kellogg Corporate Counsel “We look forward to using more uniform templates and streamlined tracking processes to shorten contract cycle time and improve vendor relationships.”
With SmartContracts®, Kellogg will be able to set unique and secure approval cycles for different types of contracts across geographies and standardize templates for their variety of NDA and procurement contract types. The technology allows for productive collaboration enterprise-wide, whether between internal departments or with international vendors.
“We are excited to get Kellogg up and running on SmartContracts®,” says David Bush, Chief Sales Officer at Selectica. “This level of contract visibility will provide valuable insight that can help in making profitable decisions. Being awarded for our solution by such a prestigious global brand is a significant achievement for our organization. We look forward to delivering on the high standards that Kellogg expects from us. “
Corcentric is a global provider of business spend management and revenue management software and services for mid-market and Fortune 1000 businesses. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.