INDIANAPOLIS, IN — (Marketwired) — 09/30/14 — Iasta, a (NASDAQ: SLTC) company, is pleased to introduce configurable contract approval workflows for Iasta SmartSource Contract Management.
Automating contract approval processes are proven to demonstrate:
Reduced contract-cycle time
Contract and supplier risk avoidance
Enhanced employee productivity
Detailed audit trail
Identification of inefficiencies in approval processes
“The new contract approval workflow features are simple, yet effective improvements for our Iasta SmartSource Contract Management users,” said Melissa Webb, Product Manager at Iasta. “We are thrilled to empower our clients to take advantage of these benefits with the Iasta SmartSource 9.5 release.”
With the new Iasta SmartSource 9.5 workflow features, Iasta provides these benefits through a combination of several key elements:
Create serial and conditional workflow rules that incorporate data from users and contract fields. Organizations can build approval processes with the flexibility to enforce multiple layers of approvals for some contracts and simple approvals for others.
Contract owners, approvers, and suppliers are individually designated as approvers for each rule so every contract is routed to the right person in the right order or reason. For example, IT contracts go to the IT director user, janitorial services can go to facilities management user. High-value contracts can be routed for secondary, executive-level approvals.
Figuring out where and how to move contracts through the contract approval process is easy with web pages, notifications, and shared notes to guide users to contract workspaces with action buttons within Iasta SmartSource and the portal.
: Finding your data quickly is an important part of successfully managing contracts. Powerful search and filtering capabilities allow you to retrieve lists of contracts by their contract approval status by performing a quick text search or detailed search statements.
: View a complete activity list of contracts and approvers with details related to the workflow history including: approval status; submittal/approval dates; submittal/approval times; and any notes associated with the workflow.
For clients who have implemented the Iasta Executive Analytics Suite (EAS), the new contract approval workflows enable rich contract analytics that can be analyzed with the contract dashboards in EAS.
“When Iasta merged with Selectica in early July 2014, we were excited to begin offering Selectica–s Contract Management Solutions alongside our portfolio of sourcing and analytics software products,” said Constantine Limberakis, Selectica Director of Product Marketing. “However, we also recognize that our Iasta SmartSource Contract Management product is a proven solution focused on procurement groups with small-to-mid-sized contract management teams. We are committed to provide the best solutions for how our clients approach contract management.”
To learn more about Iasta, please visit .
Iasta, a Selectica company, is dedicated to empowering sourcing and purchasing professionals. Our blend of acclaimed software and services focus on improving spend analysis, procurement intelligence, sourcing, contract management, and supplier lifecycle management. As part of the Selectica team, Iasta–s solutions play a critical role in optimizing business relationships by enhancing supply base insights, improving supplier collaboration and reducing the supply chain risks vital to today–s globally-minded enterprise. To learn more visit us at , and .
Bill Frederick
317-594-8600
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