SOURCE: Prodagio Software

Prodagio Software

August 12, 2014 09:00 ET

Prodagio Software Mentioned in Four 2014 Gartner Hype Cycle Reports

HOUSTON, TX--(Marketwired - Aug 12, 2014) -  Prodagio Software, a leading provider of contract management and accounts payable automation solutions, has been recognized as a sample vendor in four recent Gartner Hype Cycle Reports:

1.  Hype Cycle for Procurement and Sourcing Solutions, 2014
2.  Hype Cycle for Legal and Regulatory Information Governance, 2014
3.  Hype Cycle for CRM Sales, 2014
4.  Hype Cycle for Back-Office Analytic Applications, 2014

Prodagio is mentioned as a sample vendor by Gartner in its analysis of enterprise contract life cycle management solutions as well as sales contract management solutions. In the Hype Cycle for Legal and Regulatory Information Governance, Nigel Montgomery of Gartner states, "The risks associated with poor contract management include overlooked penalties; lost revenue through ineffectual terms; a damaged brand due to poorly constructed or missed terms; lost savings and opportunities through poor administration and lost contracts; unexpected renewals and expirations; and hidden clauses that leave the company open to liabilities and other disadvantages."

Enterprise contract life cycle management was given a high benefit rating in both the Procurement and Sourcing Solutions and the Legal and Regulatory Information Governance reports.

The Hype Cycle for Legal and Regulatory Information Governance report states: "The benefits of mature enterprise CLM processes include increased governance and control over what is signed, when and by whom, and the resulting ramifications of contract inclusions. Other benefits are the ability to recognize changing supply network contract trends, and to maximize revenue from the buy-side negotiations that result, as well as legal risk mitigation, and the ability to enforce contract compliance and streamline contractual processes."

For companies focused on improving their sell-side contracts, the Hype Cycle for CRM Sales explains the business impact of sales contract management solutions in the following way: "The value proposition for sales contract management systems is compelling for companies operating in highly regulated environments; engaged in complex, negotiated selling processes; requiring comprehensive contract reviews for deals to close; or relying on revenue streams dictated by contractual terms and conditions (such as service contracts). By centralizing content and rendering appropriate workflows, sales support teams can gain process efficiencies and reduce cycle times while delivering suitable agreement language, terms and conditions, as well as revisions in sales cycles. Teams can also audit and enforce regulations or policies and proactively address key milestones such as fulfillment, renewal and expiration."

"We believe this broad coverage of contract management solutions across several Hype Cycles by Gartner demonstrates the need for solutions like ours and validates our assessment of market demand for enterprise contract management," says Diana Massaro, CEO of Prodagio. "Contracts are at the heart of every business and the importance of properly managing them from creation to termination and discovery is not something companies can afford to ignore."

Companies interested in learning more can visit www.prodagio.com.

About the Hype Cycle Reports
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1.  Gartner, Hype Cycle for Procurement and Sourcing Solutions, 2014, 29 July 2014, Magnus Bergfors, Deborah R Wilson.
2.  Gartner, Hype Cycle for Legal and Regulatory Information Governance, 2014, 21 July 2014, French Caldwell.
3.  Gartner, Hype Cycle for CRM Sales, 2014, 16 July, 2014, Robert DeSisto.
4.  Gartner, Hype Cycle for Back-Office Analytic Applications, 2014, 5 August, 2014, Neil Chandler, Gareth Herschel.

About Prodagio Software
Founded in 1997, Prodagio develops simple, adaptable and powerful software applications to help customers manage risk and achieve financial and operational excellence. The company provides contract life cycle management and accounts payable automation solutions to midsize and large enterprises and government entities. Prodagio is a Teakwood Capital portfolio company, headquartered in Houston. To learn more, visit www.prodagio.com.

Contact Information

  • Contact:
    Josie Johnson
    Prodagio Software
    281.535.6945
    Email Contact