Contract management. (Technology Tools).diCarta Inc., a provider of enterprise contract management solutions, has released diCarta Contracts for ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , which the company says makes it the first contract management solution provider to offer a packaged integration solution for major enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP) systems. The offering includes the diCarta Contracts application, the diCarta Integration Server and diCarta Enterprise Adapters for major ERP systems, including SAP, PeopleSoft and Oracle, as well as adapters for more than a dozen leading enterprise applications. The solution also includes a graphical integration toolset for rapidly creating custom integrations. ERP systems are adept at handling structured information, such as purchase orders and line items, whereas effective contract management requires enterprise-class sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. in managing the unstructured information and complex terms found inmost in·most adj. Farthest within; innermost. inmost Adjective same as innermost Adj. 1. agreements. San Carlos San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.based diCarta says it provides structure to contract information, paving the way for operational ERP systems to be systematically driven by actual contract language. diCarta Contracts for ERP enables actionable contracts that enforce contractual commitments across all operational systems, ensuring that day-today transactions are compliant with contract terms. This enables companies to ensure, among other things, that they properly classify and recognize revenue, hold suppliers to their obligations, receive appropriate rebates and discounts, validate invoices and manage draw-downs against volume commitments. The diCarta Integration Server supports a broad range of industry standards and provides cross-application process flows, as well as out-of-the-box communications support, data transformation capabilities and guaranteed transaction integrity and audit capabilities. The solution builds on diCarta's eXtensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ) framework, and includes user-friendly, graphical tools for modeling process flows and for mapping diCarta Contracts objects to other enterprise systems. diCarta Enterprise Adapters offer pre-built, non-invasive connectivity to a wide spectrum of software applications for leading enterprise systems, which further accelerates the integration process. DiCarta Enterprise Adapters are available for SAP, PeopleSoft, Oracle, J.D. Edwards, Baan, Lawson, 12, Siebel and other enterprise applications. Web: www.dicarta.com |
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