Princeton, NJ, 14-October 2020: Ultria, Inc., a leading provider of Enterprise Contract Lifecycle Management (CLM) solutions, today announced that a global electronic components manufacturer has selected Ultria’s AI-powered Contract Lifecycle Management Suite to provide enhanced contract volume scalability, as well as improved regulatory compliance and contract analytics capabilities.
The news was announced at the Association of Corporate Counsel (ACC) Annual Meeting, 2020, the world’s largest gathering of in-house counsel, which is being conducted virtually this year.
Speaking at the event, Arthur Raguette, EVP, Ultria, said, “The customer is well-known for early adoption of digital transformation initiatives. Ultria is excited to be associated in providing cutting-edge solutions like AI and Machine Learning, addressing both sales and procurement contracts.”
The new customer acquisition solidifies Ultria’s presence in the advanced electronics and manufacturing segment, with multiple Fortune-500 companies selecting Ultria’s solutions over the past 12 months.
“Ultria’s suite of products, whether it is Ultria Orbit, the free-standing contract analytics software, or our highly-configurable Ultria CLM solution, provides various options for organizations to start small on their Legal Operations transformation journey. The compact implementation timelines and ROI-centric approach provided by Ultria helps organizations pave the way for broader digital transformation programs, ultimately helping increase revenue resilience and supply chain agility”, added Raguette.
Ultria develops and licenses Artificial Intelligence-powered applications, including its flagship Contract Lifecycle Management solution for enterprises. Ultria CLM© is a proven, scalable, SaaS-deployed Contract Lifecycle Management system that leverages Artificial Intelligence and Machine Learning to be robustly and rapidly provisioned in today’s complex business landscapes. Ultria Orbit©, Ultria’s Artificial Intelligence enables teams to analyze contract terms and extract metadata from any contract.
For information on Ultria, visit www.ultria.com.