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Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

Seal Software launches cDiscovery for CFOs

Seal Software has launched Seal cDiscovery, a breakthrough in how legacy contracts can be made visible and accessible.


Using artificial intelligence (AI), cDiscovery means that for the first time, all contractual information can be centrally managed, whether legacy or new. Designed to integrate easily into existing systems, target customers for cDiscovery are corporate counsel, CFOs and financial controllers, sales and customer management. First deployments and trials have already commenced.

Says CEO of Seal Software, Ulf Zetterberg, “Organisations usually have numerous legacy documents that still need to be accessible, yet which are frequently hidden or hard to access, whether paper or digitally based. Once contracts have been created, they are often lost from sight. Seal cDiscovery overcomes this issue and, by automating much of the process, drastically reduces the time and effort that would be involved manually.”

Benefits include reduced exposure to risk (for example, missed milestones), better control over the financial expenditure associated with contracts, and improved support for sales and customer relationship management, by providing clearer support data for negotiation processes.

Using artificial intelligence, cDiscovery is able to identify legacy contracts and other documents stored in hidden Windows file shares or other locations such as users’ laptops, then automatically extract key milestone terms. cDiscovery also integrates the contracts and key data into other systems - such as contract management, finance, ERP and CRM systems – so that they remain visible and accessible. cDiscovery can be easily customised to the individual organisation.

cDiscovery cDiscovery is designed to support multi-hosted, distributed and scalable deployments. It is available in different options: as a one-off contract search and capture tool; an enterprise model for on-going search, extraction and integration of legacy documents; and a cloud-based service (Seal’s cloud or the user’s chosen cloud provider) that supports remote access, for instance from users’ laptops.

Features:

cDiscovery Capture module:
- Scans and locates digital contracts stored on corporate file shares and users’ laptops
- OCR engine scans and processes paper documents
- Normalisation of fields to rich text and common formats
- Intelligent rules engine extracts relevant contract details such as key dates, contract obligations, and rights to assign

cDiscovery Enterprise
All the functionality of cDisocvery Capture, plus :
- A flexible architecture to enable multi-hosted, distributed and scalable deployments
- Artificial intelligence rules package for specific line-of-business customisations
- Support for multiple languages
- Interface to industry standard electronic calendars

cDiscovery Cloud:
- Crawls laptops and corporate file services to locate contracts
- Securely transfers information about contracts to the Seal Cloud or to a private cloud of the customer’s choice
- Extracts contract details via a sophisticated rules engine
- Returns relevant contract details and classifications back to the local application for review

About Seal Software
Seal Software was created to address a very clear gap in the market: the need to search, extract and load documents in a totally new way. The management team behind Seal Software has extensive experience in document, information and content management markets. As well as technology expertise, Seal’s founders bring first-hand knowledge of key business functions, such as finance, HR and general counsel, enabling them to clearly understand the issues that customers face.
Worldwide experience of effectively deploying and managing major projects is augmented by local support services. With offices in the UK, mainland Europe and the USA, Seal has launched the Seal Alliance Programme for partners.

Seal Software Ltd

Mercredi 27 Octobre 2010




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