DIRECTV Selects diCarta Contracts to Streamline Processes and Ensure Contract Compliance
Market Wire, April, 2005
diCarta, Inc., a leading provider of enterprise contract management solutions, today announced that DIRECTV Operations, LLC (DIRECTV) has selected diCarta Contracts to streamline contracting processes and ensure compliance across all of the company's domestic programming agreements.
DIRECTV is a leading provider of digital television entertainment with more than 13.9 million subscribers and revenues exceeding $10 billion annually.
"DIRECTV's evaluation team unanimously preferred the diCarta solution over other solutions," said John Powers, Vice President, IT Development, DIRECTV. "diCarta Contracts gives DIRECTV the ability to improve the effectiveness of our contracting operations by helping us create stronger agreements, reduce contract cycle times, and increase compliance."
With diCarta Contracts, companies can gain control over contracts and contract management processes, increase visibility into contractual obligations, and more effectively manage the terms of their agreements. Results include increased profitability, reduced legal and financial risk, and lower costs. diCarta Contracts spans every stage of the contract life cycle, from contract creation and negotiation, to obligations management and compliance enforcement, through ongoing analysis and improvement.
DIRECTV will deploy diCarta contract management software to create and negotiate programming agreements and manage programmer compliance, particularly in areas such as penetration commitments and "most favored nation" pricing.
In the future, DIRECTV may leverage the diCarta Contract Integration Server to integrate diCarta Contracts with its SAP implementation to drive contract compliance across its financial systems.
"Contracts have been locked away in filing cabinets for too long," said Mike Kaul, Chief Executive Officer of diCarta. "diCarta Contracts helps companies and their business partners conduct day-to-day operations in compliance with their agreements. This has a direct impact on a company's bottom line."
About diCarta
diCarta, Inc. provides contract management software that delivers better contracts and more effective contracting processes for 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, ConocoPhillips, United Healthcare, 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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