diCarta Streamlines Contract Management Processes and Reduces Risk at McDATA
Market Wire, December, 2004
diCarta, Inc., a leading provider of enterprise contract management solutions, announced today the successful deployment of diCarta Contracts at McDATA Corporation (NASDAQ: MCDTA) (NASDAQ: MCDT), a leading storage networking solutions provider.
"With the implementation of diCarta Contracts, we saw immediate, tangible benefits across our contract management process," said Ramon Rhymes, Corporate Counsel, McDATA. "The diCarta solution has reduced contract cycle time, eased administrative burdens, and simplified our revenue recognition processes and accounting standards compliance."
Related Results
diCarta Contracts software brings greater efficiency to McDATA's contract management process. Without additional headcount, McDATA's contracting group is now able to handle a higher volume of contracts and release them to its sales team and their customers much faster. This allows McDATA sales professionals to invest more of their time working with customers and to close deals faster.
"We want our contracting team focused on creating stronger agreements, and our sales team focused on signing deals. The diCarta solution automates the entire contract lifecycle, allowing us to do just that," said Rhymes.
diCarta Contracts is the industry's most comprehensive contract management solution -- spanning every stage of the contract lifecycle, from proposal generation, contract creation, and negotiation, to obligations management, contract renewal, and ongoing analysis. diCarta Contracts manages all types of contracts, whether created internally or externally; and all contract presentation and negotiation methods, including online, via e-mail, and via fax.
"The control provided by diCarta Contracts gives us added accuracy in revenue recognition and in compliance with accounting regulations," said Rhymes. "All the information contained in our contracts is now more readily available in diCarta Contracts."
About diCarta
diCarta, Inc. provides contract management software that delivers better contracts and more effective contracting processes for some of the world's largest, most contract-intensive enterprises. With diCarta solutions, organizations are able to reduce procurement spending, improve sales effectiveness, and increase supplier compliance by allowing actual contracts to drive day-to-day operations. Fortune 1000 companies such as Kohler, Kraft, and NBC depend on diCarta.
For more information about diCarta solutions, visit www.dicarta.com or call 1-888-496-2600.
For further information, contact: Daniel Cahill Roaring Communications (for diCarta) (415) 552-3999 (917) 617-0106 dcahill@roaringcommunications.com
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