SAP Certifies Nextance Enterprise Contract Management for Integration with the mySAP Business Suite; Integration Improves the Performance and Profits of Any Contractual Relationship

Business Wire,  August 23, 2004  

Tags: contract management, mySAP, mySAP Business Suite, performance, SAP AG

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REDWOOD CITY, Calif. -- Nextance Inc., a provider of Intelligent Solutions for Enterprise Contract Management(TM), announced today the Nextance Enterprise Contract Management version 4.2 component of the Nextance Intelligent Enterprise(TM) has achieved SAP certified integration status with the mySAP(TM) Business Suite family of business solutions, specifically the SAP(R) R/3(R) Enterprise Release 4.7 solution.

The powerful integration enables real-time collaboration and validation of day-to-day business interactions with the dynamic contractual information at the heart of any business relationship. A new level of seamless operational visibility between the Nextance Enterprise Contract Management (ECM) solution and the mySAP Business Suite will dramatically improve employee productivity, the accuracy of customer, supplier and partner transactions, and will proactively expose compliance risks before they occur.

"CIO's and business users alike expect seamless interoperability between their business systems to ensure they are making the right decisions based on the right intelligence," said Kyle Bowker, President and CEO of Nextance. "SAP's certification of Nextance's Enterprise Contract Management solution demonstrates Nextance's ability to deliver high value and low risk offerings that enhance the benefits of both solutions."

Nextance provides the most complete offering of intelligent solutions for Enterprise Contract Management with proven success in helping Global 1000 companies accelerate business excellence by leveraging the strategic value locked inside their customer, supplier, and partner agreements. By improving business processes related to the management, development or ongoing change of any contractual relationship, Nextance can dramatically increase revenues and productivity while reducing costs and corporate risk. Real-time integration of dynamic business terms to existing enterprise systems that manage supplier, customer and partners interactions such as purchasing goods and services, etc. is a requirement for a high value ECM initiative.

"Integration, expertise, and best practices are key to the many successes we have had with our Global 1000 customers," continued Bowker. "We are committed to meeting the industry and technology standards our customers demand and we are proud to top our integrations to SAP(R) solutions currently in production with an official certification from SAP. Customers should expect that this is the first step in a long line of innovative, highly collaborative and best practice solutions to come."

About Nextance

Nextance provides Global 1000 companies with Intelligent Enterprise Contract Management Solutions(TM) that help accelerate business excellence across the enterprise by leveraging the strategic value of their contracts. Nextance improves enterprise-wide performance by solving simple and complex contracting challenges from automating routine contract management tasks and workflow handling, to orchestrating sophisticated contract or licensing activities and transactions that require people and systems to collaborate across organizational and geographical boundaries. Global 1000 companies like Covenant Health, Eastman Chemical, Fireman's Fund, Genzyme Corporation, Sasol and Sun Microsystems have thousands of users worldwide using Nextance to gain control of revenue and costs that are directly affected by strategic buy-side, sell-side, and licensing contracting initiatives. Nextance is based in Redwood City, CA, and is privately held. Additional information about Nextance is available at www.nextance.com.

Nextance(R), NeXML(TM) and Intelligent Enterprise(TM) are trademarks of Nextance Inc. All use of Nextance Inc.'s marks and logos shall be in accordance with Nextance Inc.'s accepted use policy. SAP, mySAP, R/3 and all SAP product and service names mentioned herein are trademarks or registered trademarks of SAP AG in Germany and several other countries around the world.

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