RMS Licenses Exari Intelligent Contract Management Software
Boston – 30 Sep 2013: RMS, the world’s leading catastrophe modeling firm, has licensed Exari Intelligent Contract Management Software to automate its master agreements, software license and service agreements, and all related schedules.
“Exari empowers the RMS legal team to better serve the revenue-generating side of the business by offering faster turnaround on sales contracts. We have an easier way to share templates, clauses, playbooks and other know-how among our global legal team,” said Thien Dinh, vice president and deputy general counsel, RMS. “In addition, we have increased visibility into key contract terms, risks and potential process bottlenecks, which means we can uncover and address issues immediately.”
“The RMS legal team is committed to helping to drive RMS’ business and with Exari they have a faster and easier contracting process,” said Terry Lee, president, Exari.
For technology and other businesses selling complex licensed products, intelligent contract management is rapidly becoming a necessity because it solves two key problems. First, it allows legal teams to respond quickly to growing demands from management for information about contractual terms, process and risk. Second, it allows the business to streamline the quote-to-cash process by eliminating many of the contract drafting and negotiation bottlenecks that until now have frustrated growth.
By capturing very granular contract data as a painless by-product of the contract drafting process, Exari Intelligent Contract Management product delivers improvements in both process and data quality that legacy contract management systems were never able to deliver. The secret sauce that makes this possible is Exari’s 12 year investment in building the world’s most powerful document drafting wizard: technology that has been tested and refined on highly complex financial, insurance and legal documents.
Exari (www.exari.com) is a global leader in document generation and contract management for corporations and top law firms. The Exari system significantly reduces costs, cycle time and risk, and is used worldwide by legal, sales, insurance, investment banking and government professionals. Exari empowers business people with self-service documents and automates document intensive processes, accelerating the contracts process and reducing the burden on busy legal departments. Clients are supported from Exari offices in Boston, London, Munich and Melbourne. Try a demo of our NDA or Services Agreement.