SOURCE: Selectica

November 12, 2007 16:05 ET

Selectica Announces General Availability of Contract Analytics Module -- and First Customer

Alegent Health Implements Selectica Contract Performance Analytics to Analyze and Leverage Data Previously Hidden in Contracts

SAN JOSE, CA--(Marketwire - November 12, 2007) - Selectica, Inc. (NASDAQ: SLTC), a leading provider of enterprise contract lifecycle management and sales configuration solutions, today announced general availability of Selectica Contract Performance Analytics, a new multidimensional reporting and analytics module for Selectica Contract Performance Management. Selectica also announced that the first company to implement the module is Alegent Health, the largest not-for-profit, faith-based health system in Nebraska and southwestern Iowa and a design partner that helped Selectica refine the Contract Analytics Module. Alegent Health will rely on Selectica Contract Performance Analytics to access data previously hidden in contracts, automatically generate granular reports across multiple business operations, and gain the process visibility they need to fine-tune operations, enterprise-wide.

"With Selectica Contract Performance Analytics," said Angie Peters, Alegent Health's manager of legal/compliance services, "we can leverage data stored in the repository of Selectica Contract Performance Management, our contract management solution. This enables us to cross-report on multiple business processes, across any of our more than 30 corporate entities. For example, we can now compare contract-based spend on physician relationships by facility, or create reports containing the specific data auditors require across multiple contracts, and multiple business processes. In the past creating complex reports like these would have demanded that we first create separate reports, then manually remove whatever information was not required, and then assemble the final report -- a process that could take scores of man hours; with the Selectica module we can create these reports in minutes."

Selectica Contract Performance Analytics is available for all users of Selectica Contract Performance Management, a leading enterprise lifecycle contract management solution that is renowned for its ability to effectively author, manage, and report on any type of contract. With Selectica Contract Analytics customers now have the added capability to quickly and easily identify sources of revenue leakage, expose potentially costly risks, increase sales forecasting accuracy, speed sales cycles, and optimize business processes.

"Selectica Contract Performance Analytics opens new horizons for our current and future customers," said Jason Stern, Vice President of Products, Contract Management Solutions for Selectica. "The solution features built-in and easily adaptable functionality that lets any business user run, tailor, and create the highly customized multidimensional reports they need -- with just one day of training. The result is an unprecedented ability to mine contract data in a way that exposes its true value and extend this value throughout a wide range of enterprise-wide business processes."

For more information, visit the Selectica Contract Performance Analytics product page.

About Selectica, Inc.

Selectica, Inc. (NASDAQ: SLTC) provides its customers with software solutions that automate the complexities of enterprise contract management and sales configuration lifecycles. The company's high-performance solutions underlie and unify critical business functions including sourcing, procurement, governance, sales and revenue recognition. Selectica has been providing innovative, enterprise-class solutions for the world's largest companies for over 10 years and has generated substantial savings for its customers. Selectica customers represent leaders in manufacturing, technology, retail, healthcare and telecommunications, including: ABB, Bell Canada, Cisco, Covad Communications, General Electric, Fireman's Fund Insurance Company, Hitachi, International Paper, Juniper Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at www.selectica.com.

Contact Information

  • Investor Contact:
    Tony Rossi
    Financial Relations Board for Selectica
    213-486-6545
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    Media Contact:
    Sam Diamond
    Diamond Publications
    520-575-2787
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