DiCarta Inc.DiCarta Inc. has announced the release of Version 6 of its core Contract Management solution, which the company says provides a more robust and proactive application for companies--some very large--seeking to manage contracts of all kinds throughout the company. The company is concentrating on "universal contract management" in this version, which is expected to be available by year-end. That means that any kind of document, wherever it resides, could be created, loaded or scanned into the system and available for review by any user. President Mike Kaul said in an interview that the latest version offers "a much broader, more strategic set of values" for customers seeking to manage contract documents of all kinds--sales contracts, procurement contracts, licensing agreements, etc. "This allows any user, a CFO See Chief Financial Officer. or a financial analyst, to get the benefit" of analysis on "any kind of document." Kaul added that The Sarbanes-Oxley Act See SOX. is driving interest in contract management as part of the compliance requirement on internal controls. The new release adds functionality directly within Microsoft Word A full-featured word processing program for Windows and the Macintosh from Microsoft. Included in the Microsoft application suite, it is a sophisticated program with rudimentary desktop publishing capabilities that has become the most widely used word processing application on the market. by embedding contract management controls and clause-level intelligence within Word toolbars and menus, allowing managers to substitute clauses, add comments, accept andreview changes and review clause revisions, all within Word. With Version 6, the company says, documents can be parsed automatically by the system, and key components segregated for review. Moreover, the system can fax documents or receive faxed documents electronically, and allows users in the field to create contracts with the use of standardized templates organized on a "wizard" that essentially interviews them and then creates the contract, much like tax preparation software like TurboTax. The six-year-old company in 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., has added an interface with key 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 (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. ) vendors like SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. , making in able to handle hundreds of thousands of contracts in large multinational organizations. Web: www.dicarta.com |
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