Contact Information: Investor Contact: Tony Rossi Financial Relations Board for Selectica 310-854-8317 Media Contact: Sam Diamond Diamond Publications 520-575-2787
New Vendor-Neutral RFP Template to Help Companies Match CLM Solutions to Their Specific Business Requirements
| Source: Selectica
SAN JOSE, CA--(Marketwire - June 12, 2007) - Selectica (NASDAQ : SLTC ), a leading
provider of enterprise contract lifecycle management solutions, today
announced availability of a free, RFP template that will be available
through the Contract Management Knowledge Center (CMKC). The CMKC is a
clearinghouse of vendor-agnostic information and tools pertaining to
contract management. Unlike other templates publicly available, the new RFP
template is based on end-user requirements, not product features. It was
designed by an independent CLM consulting firm, Arnav Technology Solutions,
to help companies ensure that the CLM solution they select meets their
specific business needs.
"The most commonly used RFPs in the contract lifecycle management industry
have a feature bias," said Jim Ohare, vice president at Arnav Technology
Solutions, "and do not help companies determine if the solution will
actually resolve their business issues. Rather than falling prey to
attractive presentations and lengthy feature lists, we believe that
companies should evaluate CLM solutions in the context of their own
business requirements."
The new RFP template is designed to provide this context through a detailed
and guided inquiry process. The template includes a scorecard that helps
users differentiate vendor responses with a decision matrix and weighted
scoring approach.
"Because more and more business is being transacted through contracts that
codify relationships, selecting the right CLM solution can be critical to
corporate success," said Terry Nicholson, COO at Selectica. "Yet, all too
often, product choices are based on the wrong parameters. This new RFP
template will help companies resolve this situation."
To access the RFP template visit
http://www.contractknowledge.com/rfptemplate
About Arnav Technology Solutions
Arnav Technology Solutions brings in-depth knowledge of contract management
Best Practices combined with years of hands on implementation experience
for most of the leading vendors. This provides a powerful ally for the
implementation of a company's contract and information management needs.
Arnav provides a road map from a company's "As-Is" state to a solid "To-Be"
environment developed to meet executive and departmental goals and
objectives. For more information visit www.arnavtech.com
About Selectica, Inc.
Selectica, Inc. (NASDAQ : SLTC ) provides its customers with software
solutions that automate the complexities of enterprise contract management
and sales configuration lifecycles. The company's high-performance
solutions underlie and unify critical business functions including
sourcing, procurement, governance, sales and revenue recognition. Selectica
has been providing innovative, enterprise-class solutions for the world's
largest companies for over 10 years and has generated substantial savings
for its customers. Selectica customers represent leaders in manufacturing,
technology, retail, healthcare and telecommunications, including: ABB, Ace
Hardware, Bell Canada, Cisco, Covad Communications, General Electric,
Fireman's Fund Insurance Company, Hitachi, International Paper, Juniper
Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven.
Selectica is headquartered in San Jose, CA. For more information, visit the
company's Web site at www.selectica.com.
About the Contract Management Knowledge Center
The Contract Management
Knowledge Center (CMKC) is a repository of vendor-agnostic information
and tools that help companies optimize their contract lifecycle processes
and CLM investments. Offering the Contract Minds blog, executive briefings,
product evaluation tools, white papers, analyst research, and the CMKC
quarterly newsletter, the CMKC is currently sponsored by Selectica, Inc.
(NASDAQ : SLTC ). For more information, visit www.contractknowledge.com.