CombineNet Now Offers Contract Management Solution Featuring Integration with its Advanced E-Sourcing Product

PITTSBURGH, Feb. 7, 2012 /PRNewswire/ -- CombineNet, Inc., the leading provider of best-in-class online sourcing technology solutions for global supply chains, announced it has added a robust contract lifecycle management offering with integration to the CombineNet ASAP® e-sourcing product. CombineNet Contract Management, which is powered by technology partner Upside Software, allows customers to quickly and easily take enterprise-wide sourcing decisions to contract with extremely flexible features, such as native integration with Microsoft® tools.

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"We are very excited to extend our focus on best-of-breed technology into the Contract Management arena, and with a solution that provides productivity-enhancing benefits through closer alignment with strategic sourcing teams," stated Rich Wilson, Chief Executive Officer of CombineNet. "The launch of CombineNet Contract Management, along with our CombineNet ASAP product for e-sourcing and the also just-announced CombineNet Spend Analysis, furthers our mission to bring more powerful yet easy-to-adopt solutions to global customers."

"Partnering with Upside Software to deliver this joint solution translates to a tremendous advantage to customers," said Dean Arnold, Vice President of Strategic Business Development. "We are marrying our award-winning advanced e-sourcing technology with Upside Software's contract management capabilities that are recognized as industry-leading by independent analysts.  This solution will result in reduced time from bid to contract, reduced spend savings leakage, and contract visibility to key stakeholders across our customers' organizations."

The CombineNet Contract Management solution's key features are developed with speed-to-ROI and benefit in mind, and include:

• Faster, More Consistent Contracting – Integration with CombineNet ASAP and template-based contract clauses increases the speed, control and consistency of creating contracts from e-sourcing events.
• Improved  Contract Compliance – A choice of pre-configured workflows drive the review and approval process to ensure that the contracting cycle follows company standards and best practices.
• Easier Contract Collaboration and Negotiation with Suppliers and Internal Stakeholders – Native integration with Microsoft Word® and Workshare™ DeltaView provides contract redlining and review cycles with third parties, with full audit trails ultimately improving cycle-time, efficiency, and control.
• Contract Lifecycle Visibility – Enterprise-wide contract repository maintains contract lifecycle data for performance visibility, renewals, and key contract milestones,

"Integrating CombineNet's powerful e-sourcing product with Upside Software's number-one industry rated contract lifecycle management technology serves the growing market demand for a SaaS-based solution that can streamline the creation, review, approval, execution, and ongoing management of contracts following supplier sourcing decisions.  We are very pleased to announce this partnership," said Dan Townsend, VP of Sales & Marketing at Upside Software.

To read more about CombineNet Contract Management, please visit: http://www.combinenet.com/products/contract-management

About CombineNet
CombineNet, Inc. delivers award-winning best-in-class e-sourcing software through its product CombineNet ASAP®. As a Software-as-a-Service (SaaS)-based sourcing solution, CombineNet ASAP allows customers to speed, simplify, optimize and centralize the sourcing of any and all spend categories from global suppliers: direct and indirect materials, all modes of transportation and services. Now in its twelfth year in business, CombineNet has a proven track record of driving significant bottom-line and productivity savings for its clientele which includes: Procter & Gamble, General Mills, Sears, Johnson & Johnson, A.P. Moller-Maersk, Bayer, Coca-Cola, Pepsico, U.S. Department of Agriculture, and many more. www.combinenet.com

About Upside Software
Upside Software is the worldwide leader in Contract Lifecycle Management (CLM) solutions with hundreds of deployments in about 180 countries. Upside's award winning product suite, including their UpsideContract solution, offers a fully automated contract management process that starts from collaborative contract creation, negotiation and award, and includes risk, performance, compliance and deliverable tracking and management, financial processing (e.g. invoices and payments), and on-going event monitoring and management. UpsideContract also includes a wizard-like request entry function, amongst the best Microsoft Word integration, and extensive security and business intelligence features.

Upside Software has extensive experience delivering real value to customers of every size and in virtually every industry vertical. Upside Software offers both on-premise and SaaS solutions. For more information visit the company's website at http://www.upsidesoft.com/ 

SOURCE CombineNet, Inc.