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Nextance Introduces Contract Insight(TM) v7.0 and Nextance(R) Author(TM) v1.0

New Product Innovations Deliver Improved Performance and Productivity

AUSTIN, TX -- (Marketwire) -- 09/30/09 -- Nextance, Inc., a leading provider of enterprise contract management solutions, today released version 7.0 of its award-winning Contract Insight product. In addition, Nextance is extending its contract lifecycle management platform to include Nextance Author v1.0. Nextance solutions power end-to-end contract management processes at the world's largest and most demanding multi-national corporations.

The Contract Insight v7.0 product features expanded reporting capability, improved usability, and upgraded performance, doubling the speed of page loading and responses. The new version offers smart field validation, enhances accessibility for visually impaired users, and extends platform support to many open source operating systems and databases.

Nextance also released a new product, Nextance Author v1.0, which enables users to author and edit templates and agreements directly in Microsoft Word® via an integrated interface to the Nextance application. With this integrated interface, authors have direct access to advanced authoring capabilities, such as segment creation and management, agreement variables, fallback and conditional clauses, and approvals. Nextance Author v1.0 interacts seamlessly with Contract Insight v7.0, improving authoring adoption and maximizing the impact and usability of workflow capabilities -- thereby enhancing the complete package of contract lifecycle management.

"Today's product releases demonstrate Nextance's continuing dedication and investment to enhance contract management and provide superior business value to our world-class enterprise customers," said Jacob Dante Leffler, Vice President of Operations. "We are committed to providing the fastest, most scalable, and easiest-to-use enterprise contract management solution on the market to accelerate our customers' time-to-value."

Nextance aligns the feedback of sales, procurement, and intellectual property management organizations to drive product investment. This achieves innovation that ensures customers capture the wealth of opportunities hidden within their contracts.

ABOUT NEXTANCE, INC.

Nextance solutions enable companies to improve financial performance and reduce risk through improved creation, management, and measurement of enterprise agreements -- including procurement, sales, and intellectual property. Global 2000 companies, comprised of thousands of users across 100 countries, optimize billions of dollars in contract value by relying on award-winning solutions from Nextance every day. Nextance is based in Austin, Texas, and is privately held. For additional information, visit: www.nextance.com.

For more information, please contact:
Julie Hill
Versata Public Relations
512.377.9700 X 4116
Email Contact

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