Republic Airways Choose Determine Contract Lifecycle Management Solution
San Mateo, CA, May 9, 2016 – Determine (NASDAQ: DTRM), a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions, offered through the Determine Cloud Platform, which includes; strategic sourcing, supplier management, contract management, and procure-to-pay applications, announced that Republic Airways, America’s leading regional airline holding company, selected Determine Contract Lifecycle Management (CLM) as the solution to manage their partner airline contracting needs.
Determine’s CLM solution streamlines the entire contract lifecycle, from contract request, authoring, negotiation, and approval, through contract execution, amendment, and renewal. The solution provides an enterprise view of contracts and comprehensive reporting capabilities which will allow Republic Airways to automate the ongoing supervision of contractual relationships through consolidating and maintaining accurate contract data while also minimizing risk and improving compliance with their partner airlines.
Republic Airways’ contract management selection process consisted of a rigorous evaluation of solutions from multiple vendors in the contract lifecycle management and risk management spaces. The combined complexity of their agreements and required contract oversight necessitated a CLM solution that was functionally much more robust than their previous solution. The team at Republic Airways ultimately decided in favor of the Determine Contract Management solution based on several key business criteria, including; the flexibility of our authoring tools, the highly configurable nature of the system and the ability to gain an effective view of the prevailing language and terms across multiple contract amendments.
“After doing our due diligence, it was clear that Determine was the best contract management solution for us,” said Scott Durgin, Vice President, Administration and Lean Methods, Republic Airways. “The Determine Contract Lifecycle Management solution is a game-changer, and will allow us to tightly control our contract review and version modification process. While they are an industry-leading technology company, Determine is also very people-focused, which aligns well with our core values.”
“Republic Airways came to us with a very complex set of contract management needs, by leveraging the Determine Contract Management application, we are providing them with a comprehensive solutions set to automate contract management processes which will enable them to better manage relationships, control costs and mitigate risks – which will result in real bottom line business value.” said Patrick Stakenas, Determine President and CEO. “We’re excited to add America’s preeminent regional airline to our family of industry leading customers and we look forward to helping them accomplish their business goals today and into the future.”
About Republic Airways
Republic Airways Holdings Inc., based in Indianapolis, is an airline holding company that owns Republic Airline and Shuttle America Corporation, collectively called “the airlines.” The airlines offer approximately 1,000 flights daily to 105 cities in 38 states, Canada, the Caribbean, and the Bahamas through Republic’s fixed-fee codeshare agreements under our major airline partner brands of American Eagle, Delta Connection and United Express. The airlines currently employ about 6,000 aviation professionals. For more about Republic Airways, please visit our website at www.rjet.com.
Corcentric is a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies. Corcentric delivers software, advisory services, and payments focused on reducing costs, optimizing working capital, and unlocking revenue. To learn more, please visit corcentric.com.