Seal Software: Vendor Snapshot (Part 1) –– Background & Solution Overview [PRO]

Spend analytics tools generally stand alone from other areas of procurement systems. And so do contract analytics solutions from both procurement and contract lifecycle management (CLM) technologies. Yet contract analytics, when looked at from search, discovery, reporting and guidance angles, is arguably a much more menacing beast to tackle compared with structured procurement transactional data coming from ERP/AP, e-procurement, invoicing and card sources. And there are far fewer providers specializing in the market for contract discovery and analytics compared to spend analytics, which is no surprise given the complexity in the challenge. Seal Software is one of them and offers capability that is a complement to standard contract lifecycle management (CLM) solutions in the market today.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement organizations make informed decisions about Seal Software’s contract discovery and analytic capability, its suitability for specific contract lifecycle management (CLM) requirements, and other offerings that an organization may want to consider as an alternative (or alongside). Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Seal in the procurement technology area. Part 2 and Part 3 of this Spend Matters PRO Vendor Snapshot will cover product strengths and weaknesses, competitor and SWOT analysis, user selection guides, and insider evaluation and selection considerations.

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