Princeton, New Jersey, November 7th, 2017: Ultria™, a leading provider of Contract Lifecycle Management (CLM) solutions, announced that Pinnacle Propane, LLC, will be transforming their contracting process with the help of Ultria’s comprehensive CLM solution.
Pinnacle Propane is a national full-service provider of propane solutions for communities, businesses, retailers, and distributors.
Erin Rolstad, General Counsel at Pinnacle Propane, said, “Ultria offers robust capabilities and, at the same time, is easy to use. We are expecting a significant improvement in our contracting process with this partnership.”
“We look forward to this partnership and will support Pinnacle Propane in leveraging our state of the art technology to streamline their contracting process,” said Arthur Raguette, EVP, Ultria. “Ultria offers an end-to-end CLM solution covering the entire contracting lifecycle – from initial request to post-award analytics.”
In brief, Artificial Intelligence is leveraged in the Ultria request portal to dynamically assemble contracts from clause and section templates based on the context and content from requesters at the edge of the organization. Combining user knowledge of the contracting party with pre-vetted content from the contracts/legal team, Ultria enables a faster, more complete, and more cost-effective result. This capability seamlessly embraces CRM solutions, including Salesforce, as well as P2P solutions.
The latest version of Ultria’s Post Award Contract Management capability includes enhanced support for contract schedule line items and broader support for ERP integrations out of the box. Combined, this 360° view of obligations and entitlements provide a significant lever across the entire value chain.
About Ultria: Ultria, a division of Verdantis Inc., is focused on delivering robust, scalable user optimized solutions for enterprise Legal and Sales departments. Proven, scalable, SaaS-deployed workflow and compliance engines leverage Artificial Intelligence and Learn by Example configuration enable Ultria CLM to be robustly and rapidly provisioned into today’s complex landscapes. For information on Ultria, visit www.ultria.com.
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