SOURCE: Novatus Contract Management
Contract management services leader to partner with spend optimization firm to deliver fully integrated spend and contract management.
Orlando, FL (PRWEB) February 28, 2013
Novatus Contract Management (NCM), a leading provider of contract management solutions, announced today that the company is partnering with Coupa, the leading provider of cloud-based spend solutions, to drive productivity and deliver a new technology with a fully integrated, cloud-based spend and contract management solution to the market.
Novatus is adding its Contract Lifecycle Management (CLM) capabilities to the Coupa procure-to-pay suite so that customers have the ability to edit and sign contracts on the spot.
This partnership brings together two best-in-class providers and allows them to deliver a much-needed industry integrated solution to the market that creates numerous efficiencies. For example, contract and spend information is shared between the two systems, which eliminates the need for users to key in information twice, for managing key spend and contract data.
Customers will instantly realize efficiencies including dual-entry of data, visibility across their procurement organization and the simplicity of managing an integrated, cloud-based solution.
In addition, the integration brings two best-of-breed solutions together; shared data between the systems, and where Novatus automates the entire CLM process, which includes the essential integration of contracts, contract drafting, contract negotiation and approval/renewal tools.
Coupa provides a suite of cloud applications for finance that helps companies with better visibility so they can get spend and create opportunities for cost reduction and costs savings.
In October of 2012, Novatus announced their Enterprise Integration Portal and began integrating to the Coupa Procure-to-Pay solution. The integration is now complete and is available to customers.
“Our partnership with Coupa is about delivering real, achievable and measurable results to our clients,” said Bob Gambotz, CEO of Novatus. “The combination of Coupa’s cloud-based, spend optimization platform and Novatus’ proven solutions for effective Contract Lifecycle Management, (CLM) offers customers an opportunity to effectively streamline business operations and increase bottom-line revenue savings.”
“We share a passion with Novatus when it comes to driving customer success,” said Roger Goulart, vice president, Business Development and Alliances at Coupa. “We provide huge value to the market because we are helping companies save money with a cloud solution that’s very easy to use. By working with Novatus we are providing even further value for those customers seeking with the additional CLM capabilities that customers demand.”
About Novatus Contract Management (NCM)
Novatus is a leading provider of cloud-based contract management solutions. Their contract management solution is utilized by companies around the world to gain control of their contracts and visibility across their agreements. Novatus’ customers report increased efficiency in their contract administration, reduction in risk, and productivity gains by using the Novatus contract management system. For more information, please visit: http://www.novatuscontracts.com or call 877.745.3070
About Coupa Software
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. Only Coupa provides a true suite of cloud applications that enables customers to launch the solution immediately and quickly realize significant savings. Learn more at: http://www.coupa.com or call 650.931.3200. .
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