Spend Matters 50/50: Seal Software – A Provider to Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Seal Software:

"Seal Software is a company with a unique document discovery and analytics platform that has seen strong growth in the contract lifecycle management (CLM) space ... What makes Seal's offering so special is its proven capabilities in identifying contract documents (whether on email servers, file servers or soft or scanned hard copies) that extract key information – e.g. general contract content, specific clauses or combinations of clauses, and most interestingly, contractual metadata ... Another differentiator with the platform is its analytics component, which (once discovery and onboarding is concluded) can assess contracts, identify gaps, missing clauses, lowest common denominators, prevailing clauses, etc."

You can read more of what our US colleagues have to say here. In terms of Europe, Seal's origins lie in Scandinavia and the UK, so although they have had much success in the USA recently, they have a serious presence here. Indeed, the firm has fairly recently moved their UK headquarters into the heart of the City of London. And on a personal note, their software is one of the few products in our marketplace that actually made me go "wow" when I first saw it! Very clever stuff ...

 

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