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Ecteon Recognized in Gartner\'s \"Market Guide for Contract Life Cycle Management\"

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Ecteon, an industry-leading contract management software company, has been recognized along with 19 other companies in Gartner's December 2018 "Market Guide for Contract Life Cycle Management."

NASHVILLE, Tenn. - March 1, 2019 - Amzeal -- As mentioned in Gartner's report, "Contract life cycle management applications digitize and automate the contracting process to improve the speed, efficiency, visibility and compliance of legal-document management across an organization. This report will help application leaders responsible for CLM shortlist suitable vendors."

Richard Eckerstrom, CEO of Ecteon, says, "Enterprise organizations continue to be challenged with finding the best CLM solution provider for their contract management needs. By forming a collaborative partnership with our clients and customizing our platform to meet the specific requirements of all departments within their enterprise-wide company, we are able to become the best solution for their contract lifecycle needs. In fact, many of our enterprise-level clients are able to completely re-engineer their contracting processes with our deployments."

Just such an impact can be seen in Ecteon's work with Kaiser Permanente Northwest (KP). According to Jessica John, contracts and benefits administration manager, "Ecteon came to understand how our requirements were fundamentally different, and instead of pigeonholing us in a slightly modified workaround configuration (as might have been the case with other software developers), they instead carefully configured the way Contraxx operates in order for it to meet our process needs and still be efficient."

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Thanks to this collaborative innovation, Ecteon's Contraxx solution system was able to reduce document change management time substantially from weeks to days and greatly simplify KP's highly complex, multi-state regulatory filing processes for Group Plan documents. Read More. (https://www.ecteon.com/wp-content/uploads/2018/06/ecteon_kp_casestudy6_June-12_2018.pdf)

Gartner's report appeared after several recently highlighted successes for Ecteon, including: the onboarding of new clients; the hiring of additional consultants with subject matter expertise; and, at the end of 2018, their inclusion in CIOReview's "20 Most Promising Enterprise Contract Management Solution Providers." Read Article (https://www.ecteon.com/resource/top-20-most-promising-ecm-solution-providers-cioreview/).

Gartner subscribers can access the full Market Guide report here (https://www.gartner.com/account/signin?method=i...).

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About Ecteon, Inc.

Celebrating more than 30 years in business and headquartered in Nashville, Ecteon is a contract management software company, featuring Contraxx, a premier ECM solution for companies with complex contracting requirements. Ecteon offers unique insights that enable customers to effectively and reliably manage their entire contract lifecycle.

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Ecteon is more than great technology; Ecteon is a great business partner. Contraxx easily integrates and powers the enterprise with a full-functional breadth that evolves with business change. Customer-proven to effectively and reliably manage the entire contract lifecycle, Ecteon has long-term, stable partnerships with referenceable customers across a wide range of vertical markets and industries including MKS Instruments, Dekra Insight, Anthem Blue Cross Blue Shield of California, Bank of the West, Universal Studios, Meredith Corporation, and Dick's Sporting Goods. For more information, visit www.ecteon.com or follow them on LinkedIn (https://www.linkedin.com/company/ecteon-inc./).

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, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Source: Ecteon, Inc.
Filed Under: Technology

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