Press Releases


It's an exciting time in the world of contract management and Corridor Company! Whether it's the addition of new functionality to our contract management application or contract centric technology suite, a new contract management customer, or our participation in an industry event, we're happy to share our latest news and updates with you via our press releases.
Contract Management Software - Planning Your Contract Management Roadmap: Corridor Company Releases Thought Leadership Whitepaper
Planning Your Contract Management Roadmap: Corridor Company Releases Thought Leadership Whitepaper, 06.14.2016

 
Wakefield, Mass. (PRWEB) June 14, 2016 Corridor Company provides an in-depth analysis and practical recommendations on how to best approach a contract management automation improvement initiative or system implementation. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office365 platforms, this week released Planning Your Contract Management Roadmap, a whitepaper which provides practical guidance on how to best approach a contract management improvement initiative or system implementation. The whitepaper delves into all aspects of this process including implementation readiness, preparation, participation, vendor selection, delivery considerations and ROI justification. For many companies, contracts are the currency of the organization, its relationships, its obligations and the deliverables expected from its business partners, clients and employees. The proper management of contracts has become a critical business function within many organizations and a growing area of interest for C-Level Executives. According to Gartner, a leader in technology research, Contract Lifecycle Management is no longer a “nice to have” initiative, but rather a “need to have” business practice. Given the revenue, expense and profitability impact, as well as the risk associated with improper contract management processes, these initiatives can no longer be avoided. As discussed throughout the whitepaper, the benefits of an efficient contract management process are numerous. A well-structured contract management process provides for the efficient deployment of resources as team members can focus on their specific areas of expertise. They can readily locate final contracts, approve contract templates and language provisions, expeditiously have these contracts approved and signed, and they can realize a variety of different savings in terms of volume purchases and discounted contract renewals. The revenue associated with these contracts can be recognized more efficiently while savings can be realized more effectively. Once the contract is executed, those responsible for - what has become - the strategic dimension of post execution contract management can easily access the contract and manage the associated contractual obligations. Systematic reporting can take place for all aspects of the contracting process including overall spend and savings, value and timing of renewals, and fulfillment of obligations, as well as the bottlenecks associated with the contract approval and execution process. Given its potential complexity, this whitepaper provides a systematic approach to specific elements of the initiative including: • Client Readiness and Contract Maturity Goals • Implementation Considerations • Delivery Considerations • Internal and External Participants and Responsibilities • Ensuring the Success of your Constituents • ROI Justification “Contract Management has become a high priority initiative for many organizations”, says Jasmin Steely, COO of Corridor Company. “Throughout our history, we’ve played a very active role in helping our clients to address the very challenges noted in this whitepaper – from initial planning and approval to successful deployment. We created this whitepaper as a tool for our existing clients who are looking to broaden their CLM footprint as well as our prospective clients who need assistance with their overall CLM strategy.” Russ Edelman, CEO of Corridor Company, adds, “We’ve been in the contract management business for an extensive period of time and have had the good fortune of working with a variety of different customers to solve their contract management challenges. With this whitepaper, we’re able to share material organizational knowledge which is otherwise broadly untapped.” About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Rob Lunder 774-249-2479 rob.lunder@corridorcompany.com
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Contract Management Software - Corridor Company Introduces New Blog Series Addressing Contract Management Issues and Trends
Corridor Company Introduces New Blog Series Addressing Contract Management Issues and Trends, 04.27.2016

 
Corridor introduces “This Week in Contract Management,” an introduction to and review of the latest hot topics in contract management. Wakefield, Mass. (PRWEB) April 27, 2016 Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, this week announced the launch of “This Week in Contract Management,” a new blog series where Corridor Marketing Manager, Rob Lunder, provides his insight and commentary on all of the latest hot button news and issues in the world of contract management. The blog series is readily accessible through Corridor’s website at http://www.corridorcompany.com. "This Week in Contract Management" highlights the latest industry news and trends in contract management as well as the significance of contract management and its growing role as a C-Level initiative for organizations worldwide. Additional areas of focus include the importance of both process and automation in managing and introducing efficiencies in an organization’s contract management process. Each week, Corridor will highlight a key news story, issue, or theme and provide industry leading insight into ways the situation could have been avoided, how contract management software can mitigate risk, the skills required to be successful in contract management, and more. Russ Edelman, CEO of Corridor, says, “As an organization, we’re committed to continuous education – both for ourselves as well as our client base and overall community. 'This Week in Contract Management' is intended to not only keep us abreast of issues and advances in contract management, but to also examine the role contract management plays in allowing organizations to identify and address immediate operational efficiencies.” A sampling of the recent blogs which Corridor has published as part of This Week in Contract Management include: •Corridor Company Hosts IACCM at Local Boston Chapter Conference •Ten Pitfalls of Current Contracting and Commercial Process •Overspending on Contract Budgets Jasmin Steely, COO of Corridor, says “We’re extremely excited about the launch of this blog series. As contract management becomes a leading initiative with many organizations, it’s important that we collectively examine current industry issues and how these can be systematically addressed through both process and technology.” About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Rob Lunder 774-249-2479 rob.lunder@corridorcompany.com
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Contract Management Software - Serco Deploys Corridor Company’s Contract Management Application to Its United Kingdom and Middle East Operations
Serco Deploys Corridor Company’s Contract Management Application to Its United Kingdom and Middle East Operations, 03.08.2016

 
Corridor’s solution strengthens contract management rigor through improved visibility, understanding and tracking of contractual obligations. Wakefield, Mass. (PRWEB) March 8, 2016 Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce the successful deployment of its Contract Management Application for SharePoint, CM[.app]™, by Serco Group plc, a service company that works for government and other public authorities internationally. With approximately 70,000 employees, Serco operates across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. Serco has approximately 400 contracts under its management across these four main geographies, and these contracts typically span 5, 10 or more years. Given contract complexity, life span, and often sensitive nature of some of the contracts, the proper management of Serco’s obligations is critical to Serco’s success. With improved process efficiencies and reduction in risk as immediate goals, Serco conducted a global search for a contract management provider. Technologies under consideration had to meet Serco’s complex infrastructure and security requirements while also addressing the needs of a diverse end user environment and Serco’s sophisticated post-execution obligation management process. Corridor Company, with its Contract Management Application for SharePoint, CM[.app], emerged as the solution provider of choice. With support for all aspects of the contract lifecycle – from creation to obligation – CM[.app] is a robust contract lifecycle management application. CM[.app] leverages the SharePoint platform which provides it with unmatched global scale, security, language support, and simplified administration. This, combined with CM[.app]’s unique abilities in the area of both pre- and post-execution management, made it a clear choice among the competition. CM[.app] provides the capability to manage, in a single view, the relationship of its contracts and related delivery obligations. It provides a clean, user friendly dashboard that provides visibility into the contract, sub-contract, statement of work, and other supporting documentation as well as details of the individual obligations related to each contract. By providing permissioned access to an electronic dashboard as well as email alerts, obligation owners are able to manage their contractual obligations and commitments. The status of these obligations can be easily viewed to ensure that they are met in accordance with contract deadlines and terms, and escalated to the appropriate management individuals if they are at risk. As contracts often span multiple years, the system also allows contract obligations to be “profiled” and automatically scheduled and renewed at the appropriate intervals. “We chose CM[.app] because the product is intuitive, well-structured, and has clearly been developed with the end-user in mind,” said Mark Mead, Managing Director, Group Operations at Serco. “We have been impressed by the attentiveness of the Corridor team, who have understood our requirements and have consistently delivered against these within agreed timescales. The product will strengthen our contract management rigor through improved visibility, understanding and tracking of contractual obligations and ensure we are focused on the services that we deliver to our customers.” Russ Edelman, CEO of Corridor, says “For Corridor, the implementation has been an exciting journey. Taking what we have done in the UK and Middle East and applying it globally will allow Serco to recognize fully heightened efficiencies and reduced risks.” About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 978-436-1936 info@corridorcompany.com About Serco Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com
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Contract Management Software - Colonial Pipeline Company Selects Corridor Company’s Contract Management App
Colonial Pipeline Company Selects Corridor Company’s Contract Management App, 01.20.2016

 
Corridor’s flagship business application selected to meet Colonial’s needs across the full contract lifecycle. Wakefield, Mass. (PRWEB) January 20, 2016 Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce the selection of its Contract Management App for SharePoint, CM[.app]™, by Colonial Pipeline Company. Colonial Pipeline Company transports refined petroleum products such as gasoline, diesel fuel, jet fuel, home heating oil, and fuels for the U.S. military. Its pipeline system consists of more than 5,500 miles of underground pipe and above ground storage tanks and pump stations. Transporting nearly 110 million gallons of fuel each day, Colonial's network of pipelines crosses 13 states and serves more than 265 marketing terminals in the Southern and Eastern United States. Colonial Pipeline Company’s contract management goals are consistent with the business market: increased efficiency for its contract creation and negotiation processes, reduction of manual processes in favor of automated workflows, secure access to contracts and related information, and the ability to create detailed reporting and alerting. Also critical for Colonial is flexibility and the ability to meet the needs of different operations within the company. CM[.app]’s intuitive, user-friendly interface and workflow as well as the application’s flexibility address both the technical and business requirements present within Colonial’s process. Powered by the SharePoint platform, CM[.app] also allows Colonial to administer the system from both a technical and a business perspective, once installation and training are complete. Corridor’s CM[.app] is an end-to-end contract lifecycle management application that gives contract managers, legal teams, business users and executives access to contracts across their lifecycle – from creation, review and negotiation, to reporting, analysis, renewal and expiration. CM[.app] allows non-technical users to quickly configure workflows, searches and reports to meet business needs. The software’s reporting and task management allow companies to increase the efficiency of their contract closure process, readily spot bottlenecks and areas for process improvement, and proactively manage their post-execution contract obligations. Russ Edelman, CEO of Corridor, said, “The Colonial team set a high bar for driving real business value with our products. We are excited about our upcoming project with the team at Colonial as they have a great grasp of their requirements as well as a smooth running approach to accomplishing their goals. Our combined efforts will prove very fruitful.” About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info@corridorcompany.com About Colonial Pipeline Company Based in Alpharetta, Ga., Colonial is a 5,500-mile pipeline system transporting gasoline, diesel fuel, jet fuel, home heating oil and fuels for the U.S. military. The network of underground pipelines originates in Houston, Texas, and terminates at Linden, N.J., on the New York harbor.
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Contract Management Software - Corridor Company’s Russ Edelman to Share Best Practices for Business Success at SharePoint Symposium, November 4, 2015
Corridor Company’s Russ Edelman to Share Best Practices for Business Success at SharePoint Symposium, November 4, 2015, 10.28.2015

 
Wakefield, Mass. (PRWEB) October 28, 2015 Session will explore the phenomenon of “Technical Success, Business Failure.” Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce that its president and CEO Russ Edelman will speak at the SharePoint Symposium held at the JW Marriott, Washington, DC, on November 4-5, 2015. His presentation, “Ensuring True Business Success with SharePoint – Not Just a Technical One,” will take place in Track 2 on November 4, at 1:30 pm. In his presentation, Edelman will examine why many projects that meet their technical requirements nevertheless miss the mark in producing high value business results. The premise of this presentation is from an article that Edelman had written in InformationWeek titled “How to Avoid ‘Technical Success, Business Failure’” (link). Organizations often focus on the technical aspects of their solutions, leaving unexamined the business and human needs of the new systems. According to Edelman, this approach leads to systems that function as specified but produce mediocre business results. Business failure can take many forms, include poor user adoption, lack of support post-deployment, and extended deployments that delay getting usable tools in business users’ hands. The failure to keep the business users’ experience in mind when implementing technical systems occurs with many technologies, Edelman notes. In implementing its own products, including its Contract Management App for SharePoint, Corridor follows a “Business Release” model that puts working functionality into business users’ hands early on and allows user feedback to inform the next implementation cycle. “Business users will give a new system a chance when they understand how it will make their lives easier,” says Edelman, who has lectured and written widely on the disconnect between technical and business initiatives. “When organizations give serious thought to change management, training, communication, and user feedback, they set the stage for dramatic improvements in efficiency and better quality work from their professionals. On the other hand, when they deploy technology without the necessary preparation or change management planning, keeping business users in the dark until the solution is rolled out, they almost guarantee mediocre results, despite the best of intentions.” SharePoint Symposium features fast-paced sessions led by industry experts and experienced customers. From managing hybrid cloud environments, to evaluating SharePoint 2016 SharePoint for Office 365, to considering add-on technologies, all the conference sessions will draw from real-life experience and best practices from leading practitioners. Readers can learn more about speakers, sessions, and registration at the event website. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info@corridorcompany.com About SharePoint Symposium The SharePoint Symposium is something very different, a conference on the topic of Microsoft SharePoint that does not proselytize. Whether you already have SharePoint in your organization or are looking to acquire it, you will encounter no sales pitches here. What you will experience are sessions led by true industry experts who lead you through their experience of SharePoint in practice. From managing issues of sprawl and viral growth, to considering cloud alternatives and add-on technologies, all the conference sessions draw from real-life experience and best practices from leading practitioners. Learn more at http://www.sharepointsymposium.com/2015.
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Contract Management Software - Corridor Company Partners with Brightleaf Solutions to Maximize Value of Contract Data
Corridor Company Partners with Brightleaf Solutions to Maximize Value of Contract Data, 10.20.2015

 
Wakefield, Mass. (PRWEB) October 20, 2015 Corridor Company and Brightleaf to leverage adjacent technologies to provide complete visibility into key contract terms and obligations. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce its partnership with Brightleaf Solutions, Inc., a technology and services company focused on mining key contract information from structured, unstructured and text-based documents. Corridor's Contract Management App for SharePoint -- CM[.app]™ -- helps contract managers, procurement professionals, attorneys and executives manage contracts across their entire lifecycle, from pre-execution requests and approvals to post-execution management of obligations and renewals. With a secure, permissioned repository for contracts and metadata, CM[.app] allows business users to manage workflow, search and reporting, and obligation-related tasks based on contract metadata and the needs of the business. Brightleaf’s software solution automates the process of abstracting contract information from both current and legacy contracts. With exceptionally high accuracy, up to six sigma standards, contract information can be loaded directly into Corridor’s Contract Management Application, eliminating the need for lawyers or expensive outside firms to locate and capture key provisions and obligations. By coupling the complimentary solutions, clients have complete control of their contract lifecycle – from contract creation to the management of contractual obligations. Contracts can be readily created and managed and key contract terms and obligations for both current and legacy contracts are efficiently captured and managed. “When one deploys a contract management solution, extracting data from thousands of contracts is a huge hurdle,” said Russ Edelman, CEO and President of Corridor Company. “By working with Brightleaf, Corridor makes deployment far easier and less costly because we can offer far more efficient, accurate ‘legacy load.’ Our customers can enjoy all the benefits of CM[.app] across not just some, but every one of their contracts. This delivers higher value to the executive management team as well as those involved in the contracting process as soon as the system is enabled for use.” “Brightleaf’s high quality, automated abstraction of the terms, provisions, and obligations from executed contracts works seamlessly with Corridor’s CM[.app],” said Samir Bhatia, CEO of Brightleaf Solutions, Inc. “This allows users to work within CM[.app] to track these attributes and related contract metadata to manage risk and even find hidden revenue once extracted using Brightleaf’s solutions. Often times, penalty clauses and responsibilities are forgotten by each party. Extracting this information from their contracts has enabled clients to find millions of dollars they had missed.” About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info@corridorcompany.com About Brightleaf Solutions, Inc. Big data, Business Intelligence, and data driven decisions are having a profound effect on U.S. business operations, becoming a $143B market in 2016. Brightleaf’s vision is to accelerate this adoption with technology that overcomes the challenge of mining important information from unstructured, text-based documents and making it accessible. With an initial focus on executed legal contracts, Brightleaf opens new doors for companies to manage risk, ensure regulatory compliance, meet customer obligations, and get meaningful insight into their customer, partner, and vendor behavior. Jeff Turner VP Sales, Brightleaf Solutions, Inc. (888) 489-1800 x601 jturner@brightleaf.com Brightleaf Solutions, Inc. 1600 Beacon St. Suite 211 Brookline, MA 02246 (888) 489-1800 www.brightleaf.com Brightleaf Solutions – India Technopolis, 5th Floor DLF Golf Course Road, Sector 54 Gurgaon – 122002 Brightleaf Solutions – India 17, Sadanand Society Bibwewadi Pune 411037
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Contract Management Software - Corridor Company Sponsors, Exhibits at IACCM Americas Forum 2015, Oct. 6-8, in Henderson, Nevada
Corridor Company Sponsors, Exhibits at IACCM Americas Forum 2015, Oct. 6-8, in Henderson, Nevada, 10.05.2015

 
Wakefield, Mass. (PRWEB) October 5, 2015 For the eighth straight year, leading contract management solution provider Corridor Company will join colleagues across industries at the premier learning event for contract professionals. Corridor Company, the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, will exhibit at the IACCM Americas Forum 2015 in Henderson, Nevada, on October 6-8, 2015. An event sponsor, Corridor will join contract managers and general counsels from around the world at this annual conference. This is Corridor’s eighth year at the conference. Corridor CEO, Russ Edelman, will serve as moderator of morning sessions for Day 2, October 7, Track B – Risk Management. These session will include "Changing Behaviors" with Greg Tennyson, Chief Procurement Officer, VSP Global, and "Redesigning Contract Management" with Pam Nanavaty, Xifinity Communities Contracts Manager, Comcast. The IACCM Americas Forum is one of the key conferences and workshops produced by the International Association for Contract and Commercial Management, a non-profit organization that enables both public and private sector organizations and professionals to achieve world-class standards in their contracting and relationship management process and skills. IACCM has over 35,220 members from more than 159 countries and 14,359 organizations. IACCM Americas Forum offers an extraordinary variety of speakers, topics and approaches to the challenges of contract management. Each day balances powerful conference-wide events with track-based sessions that focus on different goals of the profession and encourage maximum interaction. Edelman states, “We consistently remain impressed with the leadership of IACCM and the attendees who come to their conferences. IACCM’s CEO Tim Cummins and his team strive for driving as much value into their community as possible and this is repeatedly evidenced by the great results that come from their conferences. It is truly a pleasure to be partaking in the IACCM conference as a key sponsor for the eighth consecutive year.” Corridor welcomes visitors to its exhibitor booth throughout the conference. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info@corridorcompany.com
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Contract Management Software - Corridor Company Joins IACCM in Executive Discussion on Contract Management Centers of Excellence
Corridor Company Joins IACCM in Executive Discussion on Contract Management Centers of Excellence, 09.28.2015

 
Wakefield, Mass. (PRWEB) September 28, 2015 Corridor Company assembles corporate and legal minds to examine the practicalities of establishing contracting standards across an organization. Corridor Company, the leading provider of contract lifecycle management software powered by the SharePoint and Office 365 platforms, is pleased to announce its participation in the upcoming IACCM Ask the Experts webinar, "Practicalities of Establishing a Contract Management Center of Excellence." The webinar, hosted by Tim Cummins, CEO of IACCM, will include Paul Branch, Head of Deal Assurance, BT (British Telecom), Rob Saccone, CEO, SeyfarthLean Consulting LLC, and Russ Edelman, CEO, Corridor Company. The webinar takes place Thursday, October 1, 2015, 11:00-11:45 a.m. EDT. Registration is available through IACCM’s website. Contract management practices within companies, particularly large global enterprises, often lack consistency or a standard approach. Business and legal professionals within a company recognize the long-term value in template and clause consistency, standard approval processes, negotiation best practices, and obligation and risk management, but struggle to bring all contracting efforts at the company together in a cohesive, consistent manner. Creating a contract management Center of Excellence (CoE) within an organization provides the visibility and support necessary to ensure the success of a contract management initiative. Edelman has extensive experience in CoE best practices and has worked with various industry contacts, both legal and executive, to establish contract management centers of excellence. Throughout his experience, he has developed a keen awareness of the challenges companies face in creating and maintaining such centers.   “Centers of Excellence have helped companies address inefficiencies, risks, and potential opportunities in their contract management practices,” says Edelman. “When organizations support the development of a Contract Management CoE, organizational efficiencies related to contracts are optimized and contract risks are minimized. This webinar will give business and legal leaders a chance to hear about such centers in practice.” The 45-minute webinar will include discussion of these topics: • Establishing a CM CoE Vision • Developing a CoE Roadmap • Core Components of a CoE • The Role of Shared Services • The Care and Feeding of a CoE About IACCM The International Association for Contract and Commercial Management (IACCM), is a non-profit organization that enables both public and private sector organizations and professionals to achieve world-class standards in their contracting and relationship management process and skills. With 35,220 members across 159 countries and 14,359 corporations, IACCM is leading the way in responding to the demands of global networked markets. More about IACCM can be found at www.iaccm.com. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - Drexel University Selects Corridor Company’s Contract Management App for SharePoint
Drexel University Selects Corridor Company’s Contract Management App for SharePoint, 09.22.2015

 
Wakefield, Mass. (PRWEB) September 22, 2015 Management of contracts across the lifecycle is one of many goals to be met by Corridor’s solution. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce Drexel University’s selection of Corridor’s Contract Management App for SharePoint, CM[.app]™. The introduction of CM[.app] will allow Drexel to improve their contract processing efficiency while minimizing any risks associated with contracts and their management. CM[.app] was selected by Drexel as the product that best met key requirements for customizable workflow, simultaneous review of contracts, version control, amendment addition with approval, milestone tracking, correspondence and notes, search capabilities on both content and metadata at any point in the contract's process, and management of extension or close out.   Drexel’s selection was made at the conclusion of an intense search and evaluation process that included both SharePoint and non-SharePoint–based contract management solutions. Demonstrations of CM[.app] and its simplified contract request process were followed by Corridor’s “Test Drive” program where users tested the system directly for ease of use and functionality. Among factors contributing to CM[.app]’s selection were its clear user interface and flexible reporting capabilities. In addition, Corridor’s Business Release approach to product deployment – placing working functionality in the hands of business users quickly, in successive stages – was a good match for Drexel’s goal of making progress one step at a time to insure successful system adoption. Drexel is a comprehensive global research university ranked among the top 100 in the nation. With approximately 26,000 students, Drexel is one of America's 15 largest private universities. Drexel is also one of Philadelphia's top ten private employers, and a major engine for economic development in the region. Beyond this deployment of CM[.app], Corridor’s adjacent technologies in supplier management offer Drexel a promising avenue for automation in coming years. “Our contract management initiative requires the technology to help us achieve efficiency as well as a technology partner we can work with to make the project a success. Corridor’s technology and commitment to working with clients as colleagues made the strongest case for their selection,” says Helen Bowman, Executive Vice President, Treasurer, and COO.     Russ Edelman, CEO of Corridor, says, “Higher education is a focal point for innovation in contract management, especially where gaps may exist for managing contracts and suppliers. We welcome Drexel as a client, and look forward to their insights on how Corridor’s solutions can provide increased value to colleges and universities.” About Drexel Founded in 1891 in Philadelphia, Drexel is a top-ranked, comprehensive university recognized for its focus on experiential learning through cooperative education, its commitment to cutting-edge academic technology and its growing enterprise of use-inspired research. With more than 26,000 students, Drexel is one of the nation’s largest private universities. For more information, visit www.drexel.edu. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - SharePoint As a Platform for Contract Management: Corridor Company Releases Whitepaper
SharePoint As a Platform for Contract Management: Corridor Company Releases Whitepaper, 09.15.2015

 
Wakefield, Mass. (PRWEB) September 15, 2015 Corridor Company provides an in-depth analysis of the benefits of a contract management system based on SharePoint, Microsoft’s widely used information sharing platform and the basis of Corridor’s own solution, Contract Management App for SharePoint. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, this week released SharePoint As a Platform for Contract Management, a whitepaper that analyzes the benefits of utilizing a contract management system powered by the SharePoint platform. Corridor’s Contract Management App for SharePoint – CM[.app]™ -- leverages SharePoint’s capabilities to meet the specialized, business-critical needs of contract managers, general counsels, procurement executives and others for whom contracts are a daily priority. The whitepaper is available for download at Corridor’s website at www.corridorcompany.com. As the leading Enterprise Content Management (ECM) system, SharePoint has experienced unprecedented growth since launched by Microsoft in 2001. Business software built on SharePoint has grown apace. When organizations, from non-profits to global corporations, seek a contract management system, particular attention should be paid to SharePoint-based solutions. In its whitepaper, Corridor highlights many capabilities that SharePoint brings to a contract management system: • Unmatched Global Scalability for worldwide deployments • Powerful Core Capabilities to support the contract negotiation and contract management process • Various Delivery Options such as on premises, hosted, or in the cloud with Office 365 • Global Talent Pool made up of tens of thousands of SharePoint-compatible service providers • Ability to Leverage an Existing Investment for those companies already using SharePoint “As an early adopter of SharePoint, Corridor has experienced its evolution from ‘almost’ freeware to the most powerful enterprise contract management systems in the world,” says Russ Edelman, CEO of Corridor. “Our decision to leverage this platform as the basis of our product line is continuously reinforced. By utilizing its core components for global scalability, information management and security, we are able to more closely focus our attention on providing solutions specific to the contract management community. We’re also able to benefit from Microsoft’s continuous innovation. With the introduction of SharePoint 2016 and the building momentum around Office 365, we look forward to delivering heightened value to our customer base and prospective clients.” Readers may obtain SharePoint As a Platform for Contract Management at Corridor’s website at www.corridorcompany.com or by contacting Corridor Company directly. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - Corridor Company CEO Russ Edelman to Speak on Technical Platforms for Contract Management and Manufacturing at Specialty & Agro Chemicals America
Corridor Company CEO Russ Edelman to Speak on Technical Platforms for Contract Management and Manufacturing at Specialty & Agro Chemicals America, 09.08.2015

 
Wakefield, Mass. (PRWEB) September 8, 2015 Corridor’s Russ Edelman will participate in a panel discussion on the complexities associated with contract-related information between chemical manufacturers and their respective tollers. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce the participation of CEO Russ Edelman in this year’s Specialty & Agro Chemicals America conference, September 9-11, 2015, in Charleston, S.C. Edelman will speak in the panel discussion “Technology Platforms for Data Exchange Between Chemical Manufacturers & Tollers” on Thursday, Sept. 10, 2:00-3:00 pm in the Riviera Theatre, Belmond Charleston Place Hotel. Also participating in the panel will be John A. Caudill, Contract Manufacturing Leader, formerly with DuPont Crop Protection, and moderator Jeff Presley, Manager, AMS, Eastman Chemical. “Russ brings a practical and experienced awareness of contract collaboration to the conference,” says Tom Leahy, Event Director Specialty & Agro Chemicals America, who sought Edelman out as a speaker. “His knowledge on the subject is in-depth, and he brings a refreshing perspective to the table for our attendees.” The discussion will focus on how manufacturers and tollers can collaborate through efficient, secure technologies. Chemical manufacturers sometimes turn to other manufacturers, called tollers, to provide goods and services under contract for reasons of cost, timeliness, capacity or expertise. This contract manufacturing requires both formal agreements (what will be delivered, when, at what cost, and with what terms to mitigate risks) and the sharing of intellectual property and sensitive business information. This exchange of data between companies requires an understanding of the technical platforms on which the data is shared to insure both effective collaboration and security of the data in terms of permitted and unauthorized access. “Corridor is familiar with contractual obligation management though its work with a global client base,” says Edelman. “In the context of contract manufacturing of chemicals, the downstream implications of unmet obligations is huge. Companies in this field understand better than many others that contracts are not simply legal niceties – they are instruments to safe, profitable and innovative manufacturing.” Over 1100 attendees and 180 exhibitors will attend Specialty & Agro Chemicals America, "about a 30% increase" over last year, according to Leahy. This is the fourth edition of the annual trade show. The conference will focus on the chemical products and technologies that have specific applications for the agrochemical and specialty chemical manufacturing markets. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. About Specialty & Agro Chemicals America The mission and vision of the new Specialty & Agro Chemicals America event, in its fourth edition, is to be a forum that narrows the focus and renews the value for chemical industry participants. The conference will focus on the chemical products and technologies that have specific applications for the agrochemical and specialty chemical manufacturing markets. The mission of the event is to showcase the distinctive value of the American chemical industry and ultimately help support the trend toward "reshoring," the favorable domestic manufacturing shift. Information about Specialty & Agro Chemicals is available at www.chemicalsamerica.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - Build or Buy? Corridor Company Whitepaper Examines the Pros and Cons of Developing Customized Contract Management Solutions In-House Versus Purchasing a Solution
Build or Buy? Corridor Company Whitepaper Examines the Pros and Cons of Developing Customized Contract Management Solutions In-House Versus Purchasing a Solution, 08.25.2015

 
Wakefield, Mass. (PRWEB) August 25, 2015 Whitepaper Build vs. Buy examines the full costs of building customized solutions as opposed to purchasing standard software. Corridor Company, Inc., the leading provider of contract management software powered by the SharePoint platform, this week released Build vs. Buy, a whitepaper that examines the advantages and disadvantages of two common approaches to acquiring business software: buying a Commercial Off-the-Shelf (COTS) software product or building a customized solution, directly or indirectly. The whitepaper is available for download at Corridor’s website at http://www.corridorcompany.com. Build vs. Buy examines the following topics: • Buy: Strengths and Weaknesses • Build: Strengths and Weaknesses • Cost Considerations – License or Subscription costs, Maintenance & Support fees, Development costs, and Implementation considerations • Questions to Consider: Budget, Timeline, and Long-term Maintenance and Support While every company has experienced buying software for particular purposes, companies seeking custom solutions for business-critical processes sometimes consider building one using their own IT resources. The Build option is attractive because initial costs are perceived to be lower than buying and because an internally developed solution holds the promise of a custom fit to a company’s complex, industry-specific needs. In response, advocates of the Buy option point to the wider experience and greater technical expertise of software development companies, and reliable, cost-efficient support that these companies offer for maintaining and upgrading their software. In a readable narrative with practical summaries, Build vs. Buy provides a grounded outline of the benefits and costs of both approaches. Since a decision to build or buy any product comes down to weighing the costs and advantages of each option, the whitepaper explores each choice in a succinct fashion. It also explores subjects such as escrow accounts for source code, standard maintenance & support agreements, and considerations for adjacent third party technologies. “As a solution provider frequently challenged by the unique business requirements of our customer base, Corridor sees the validity of both perspectives,” says Russ Edelman, CEO of Corridor Company. “There is tremendous benefit to offering an out-of-the-box solution. However, it is imperative that this solution solve our customers’ requirements. With CM[.app], our Contract Management App for SharePoint, we are able to leverage the SharePoint platform for its enterprise level infrastructure, scalability and security. We are also able to utilize the flexibility inherent in SharePoint to provide our customers with solutions that address their unique business requirements without the need for custom development. It’s a win-win for us and for our client base.” Readers may obtain Build vs. Buy at Corridor’s website at http://www.corridorcompany.com or by contacting Corridor Company. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info(at)corridorcompany(dot)com
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Contract Management Software - Corridor Company Releases Whitepaper on the Economics of Contract Management
Corridor Company Releases Whitepaper on the Economics of Contract Management, 07.28.2015

 
Wakefield, Mass. (PRWEB) July 28, 2015 Corridor publishes Contract Economics, a review of the production, distribution and consumption of contracts as well as their financial impact on a company. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, this week released Contract Economics, a whitepaper that examines the importance of contract management across various roles within an organization as well as the considerations for and impact of automation. The whitepaper is available for download at Corridor’s website at www.corridorcompany.com. The whitepaper dispels the notion that contract management is merely a necessary business and legal expense, of interest only to contract managers and legal personnel. Rather, Contract Economics makes the case that managing contracts across their lifecycle is a necessary investment of time, money and talent that should be made systematically and with a complete understanding of its impact to the business and the users that it serves. The whitepaper identifies areas for savings including the centralized storage and retrieval of contracts in an electronic repository and elimination of redundant review by highly-paid legal staff. More importantly, Contract Economics argues that a contract’s negotiated savings, risk mitigation terms, and vital deadlines for renewals or deliverables are often lost because of lack of investment in a contract management system. The whitepaper uses an ROI calculator, also available from Corridor, to model how savings and risk reduction can be measured financially. “Every company seeking to improve its contract management processes wants to see the results in economic terms,” says Russ Edelman, CEO of Corridor. “Companies measure what is important to them – savings of time to signature, reduction of legal costs, elimination of missed renewals. In this whitepaper, we have drawn on our experience over hundreds of projects and summarized it for the contract manager, IT professional, or executive who wants to build a business case for improving contract management at their organization.” Contract Economics examines the following topics: • Focusing the Right Human Resources on the Right Business Problem • Leveraging Process and Automation • Building the Business Case for a Contract Management System • Transforming Contracts into Opportunities In each section, the whitepaper includes key observations and provides specific examples. For instance, in “Transforming Contracts into Opportunities” the paper outlines familiar areas of costs saving such as price discounts, price adjustments, and mitigation of delivery failure, describing how electronic control of these terms in a contract management system can help to realize benefits that otherwise might only exist on paper. “We wanted to go beyond generalizations in order to give readers as many specific cost savings ideas as possible, whether they are currently using a contract management system or considering the implementation of one,” says Jasmin Steely, COO at Corridor. Readers may obtain Contract Economics or request the ROI calculator at Corridor’s website at www.corridorcompany.com or by contacting Corridor Company. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - WGBH Selects Corridor Company’s Contract Management[.app] Electronic Email Collaboration product for Collaboration on SharePoint Online and Office 365
WGBH Selects Corridor Company’s Contract Management[.app] Electronic Email Collaboration product for Collaboration on SharePoint Online and Office 365, 05.18.2015

 
Wakefield, Mass. (PRWEB) May 18, 2015 Corridor Company’s Electronic Email Collaboration module, part of Corridor’s Contract Management for Office 365 functionality, provides Boston public broadcaster with a Cloud-based solution for its collaboration and negotiation needs. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce WGBH Boston’s selection of Corridor’s Electronic Email Collaboration (EEC) module of the Contract Management App for SharePoint, CM[.app], to manage its contract and document collaboration process. As PBS’s single largest producer for television, the Web and mobile, WGBH both creates content and maintains thousands of contracts that control licensing and ownership of content. Such notable programs as NOVA, Masterpiece, Frontline, and American Experience are produced in WGBH's Boston studios and distributed to audiences nationally, and throughout the world. WGBH’s requirements were broadly grouped into two areas. First, with a large volume of contracts under review each year, WGBH needed an application that supports an efficient negotiation and collaboration process. Corridor Company’s CM[.app] EEC feature addresses WGBH’s requirements on several levels. With EEC, contracts and their associated changes can be readily exchanged and negotiated with counterparty collaboration taking place via email. Upon receipt from the counterparty, the contracts are automatically and securely saved directly into the designated repository with full version management support and automated redlining of all changes made to the document by all parties. With EEC, WGBH will be able to quickly locate an agreement and its current status, and a full version history of the collaboration process and associated changes will be maintained. Second, WGBH needed the capability to efficiently exchange and update large volumes of other document types including MS Excel and MS PowerPoint. By leveraging the collaboration capabilities present within EEC, WGBH will be able to readily exchange updated versions of these document types through email to both internal and external parties. The updated versions of the documents will be automatically checked into the secured repository with a full version control and history. Deployed through Office 365, Corridor’s solution will leverage WGBH’s investment in Microsoft’s Cloud-based version of Office and SharePoint. “Given the volume and complexity of our collaboration and negotiation process, it was imperative that we find a tool that can provide the functionality that we need to be efficient and effective. Corridor Company’s CM[.app] did just that,” says Kate Van Sleet, Administrative Director of Legal and Business Affairs for WGBH. Russ Edelman, CEO of Corridor, says, “Our commitment to continuously evolving our product line is being positively received with our momentum in Office 365 deployments. We look forward to providing WGBH with the contract management functionality that they need in the environment where they work, and are delighted to welcome them to the Corridor family.” About WGBH WGBH Boston is America’s preeminent public broadcaster and the largest producer of PBS content for TV and the Web, including Frontline, NOVA, American Experience, Masterpiece, Antiques Roadshow, Arthur, Curious George and more than a dozen other prime-time, lifestyle, and children’s series. WGBH also is a major supplier of programming for public radio, and oversees Public Radio International (PRI). As a leader in educational multimedia for the classroom, WGBH supplies content to PBS LearningMedia, a national broadband service for teachers and students. WGBH also is a pioneer in technologies and services that make media accessible to those with hearing or visual impairments. WGBH has been recognized with hundreds of honors. More info at www.wgbh.org. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - Corridor Releases Version 6.2 of Its Contract Management [.app] for SharePoint with New Graphing and Metrics Capability
Corridor Releases Version 6.2 of Its Contract Management [.app] for SharePoint with New Graphing and Metrics Capability, 03.25.2015

 
Wakefield, Mass. (PRWEB) March 25, 2015 Corridor's contract management software release enables heightened management controls with graphical reporting and readily trackable metrics for all aspects of the contract lifecycle including contract type, workflow status and obligation management. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce the release of version 6.2 of its Contract Management [.app]™ for SharePoint, CM[.app]™. This version of CM[.app] includes new graphical displays and charts which provide a more intense visual summary of virtually any contract metadata. Charts and graphs are fully customizable and provide drill-down capabilities for ready access to a wide range of contract details. The software's user interface has also been enhanced with redesigned imagery and improved page designs that offer a clean and more consistent user experience. Graphical reporting in CM[.app] version 6.2 can be controlled in terms of content, chart style and data filtering. Pie charts, bar charts and line graphs each report on values for contract metadata such as region, person, role, contract value, approval status or renewal date. The values in any system list, including custom lists, can be selected for display in a variety of chart formats which can be added to any user page. The charts are interactive: selected results can be removed from chart inclusion with a point-and-click action. Users can also open the underlying report to see data displayed in detail. Not limited to basic contract metadata, CM[.app] graphical reports can display values relating to the contract process including the status of contracts as they progress through their lifecycle and the distribution of contracts across both legal and business personnel. With an easy-to-read graphical interface and point-and-click drill-down capabilities, executive management can readily identify process issues including bottlenecks in workflow. Using the same tools, contract managers can focus on contract information which may need prompt attention, including expirations, renewals or obligations. “The work we have done for graphics and charting in this release is exciting and sets the stage for additional improvements we have planned for future releases," said Aaron Cutlip, Chief Technology Officer at Corridor Company. "We want to provide our users with a solid starting point for their contracting processes – one where they can have high-level visibility with the ability to drill down as needed.” In addition to graphical reporting, CM[.app] version 6.2 includes a refresh of the standard imagery, page design and site theme that come with the software; the capability to more easily turn around style configuration changes; and enhancements to the ability to search lists from within forms. “Responding to feedback from both our existing clients and those still considering our software, we know that the capabilities provided in this version of CM[.app] deliver specific value to the executive management team as well as those involved in the contracting process,” said Jasmin Steely, Chief Operating Officer at Corridor Company. “Our graphical reporting supports a whole new way of managing contracts for executives and general counsels - and a very intuitive, visual way of approaching contract management for professionals using our software.” Corridor Company releases software versions of CM[.app] on a six-month schedule. Those interested in a learning more about CM[.app] version 6.2 can contact Corridor at info [at] corridorcompany.com, or at 781-229-9933 ext. 15. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - VSP Global Goes Live with Corridor Company’s Contract Management Application
VSP Global Goes Live with Corridor Company’s Contract Management Application, 02.25.2015

 
Wakefield, Mass. (PRWEB) February 25, 2015 Corridor delivers complete contract lifecycle management and contract-related workflow metrics to VSP Global’s Procurement as it raises its game. Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce the successful deployment of its Contract Management Business Application for SharePoint, CM[.app], by VSP, a global business and the largest not-for-profit vision benefits and services company in the United States. VSP’s procurement and legal teams are now using Corridor’s solution for their indirect procurement contract process - from contract creation, review and approval, to post-execution obligation tracking. As part of a process improvement initiative aimed at introducing efficiencies, improved vendor management, and downstream cost savings, CM[.app] was selected as VSP’s contract lifecycle management platform. CM[.app] provides a central electronic repository for VSP’s procurement contracts, an electronic email approval system to support VSP’s multi-faceted approval process, integration with DocuSign for electronic signature, and post execution tracking and management of contractual obligations. Approaching the implementation from a “Business Release” perspective with the intent of delivering a working system with immediately realizable benefits, VSP’s procurement and legal teams worked closely with Corridor to deploy the desired functionality. Implemented and in productive use within twelve weeks of project inception, Business Release 1 focused on contract creation, approval workflow, contract search and reporting, and external email collaboration from a secure repository. Business Release 2 which included workflow metrics reporting went live within the following eight weeks. "Our efforts to drive value within VSP procurement have been matched by Corridor’s commitment to delivering immediate business results. The product depth, implementation methodology and ongoing support have provided a tool that will readily allow us to achieve our vision,” said Greg Tennyson at VSP Global. Russ Edelman, CEO of Corridor, states, “From the onset in working with VSP, we found a practical and achievable vision on what contract management is about within the realm of procurement. Greg Tennyson and his team shared their perspective on their requirements and through a collaborative effort, we were able to deliver a comprehensive solution that will support VSP in their strategic vision. VSP and the team led by Greg are truly a pleasure to work with, and we look forward to a continued success with the team.” About VSP Global VSP Global® unites industry-leading businesses to bring the highest quality eye care and eyewear products and services to help people see across the globe. VSP Global businesses include not-for-profit VSP® Vision Care, the largest vision care company with 75 million members and a network of nearly 32,000 eye doctors in the U.S., Australia, United Kingdom, Canada and Ireland; Marchon® Eyewear Inc., one of the three largest global manufacturers, designers and distributors of quality fashion and technologically advanced eyewear and sunwear; Eyefinity®, the largest EHR and premier practice management software company for the eye care industry; VSP Optics Group, industry leaders in new lens technologies, production processes, service and logistics; and VSP Retail, delivering a memorable consumer experience through a variety of channels that meet the diverse needs of VSP customers. VSP Global businesses operate in 100 countries on 6 continents. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext. 15 info@corridorcompany.com
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Contract Management Software - Corridor Company Launches “Customer Success in Action” Webinar Series, October 29
Corridor Company Launches “Customer Success in Action” Webinar Series, October 29, 10.28.2014

 
Wakefield, Mass. (PRWEB) October 28, 2014 Corridor Company, Inc., the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce its "Customer Success in Action" webinar series. Once each quarter, Corridor’s CEO, Russ Edelman, will interview key contacts within Corridor's global client base about the contract management solution that Corridor has implemented with them. The first session with Tim Wolf, Systems Analyst at Blue Cross of Idaho, is scheduled to take place on Wednesday, October 29th at 11:00 am EDT. The second webinar in the series will be a conversation between Russ Edelman and Paul Branch, Head of Deal Assurance at BT. As part of the interview process, Edelman will explore different aspects of a Corridor client implementation including the client's initial requirements, selection of Corridor, and business challenges. A candid assessment of the overall experience as well as the benefits derived from the system will be examined. As Corridor's contract management product leverages the SharePoint platform which is highly configurable for a wide range of purposes, Edelman will also delve into the ways that the application may be in use as well as plans for expanding its footprint. Many of the 45 minute sessions will end with a demonstration of Corridor's contract management application within the client's environment. "The contract management application space is one where there are many providers all looking to differentiate themselves," says Jasmin Steely, COO at Corridor Company. "On the surface, product capabilities, customer success, and integrations all look very similar. However, when we probe these areas deeper, we find differences in solution versatility and implementation experiences. Our intent with our 'Customer Success in Action' webinar series is to showcase our client solutions and to provide webinar participants with a real-world look at Corridor's solution and implementation process. It's an excellent opportunity for us, our clients, and our prospects to learn from one another." Those interested in attending this complimentary webinar with Blue Cross of Idaho on October 29th may register at http://www.corridorcompany.com/pages/webinars.aspx. About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of your company. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com Media Contact: Dermot Whittaker 781-229-9933 ext 15 info(at)corridorcompany(dot)com
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Contract Management Software - Corridor Sponsors, Exhibits at IACCM Americas Forum 2014, Oct. 14-16, in Chicago
Corridor Sponsors, Exhibits at IACCM Americas Forum 2014, Oct. 14-16, in Chicago, 10.08.2014

 
Wakefield, Mass. (PRWEB) October 08, 2014 Corridor Company, the leading provider of contract lifecycle management software powered by the SharePoint platform, will exhibit at the IACCM Americas Forum 2014 in Chicago on October 14-16, 2014. An event sponsor, Corridor will join contract managers and general counsels from around the world at this annual conference. This is Corridor’s seventh year at the conference. Corridor CEO, Russ Edelman, will serve as moderator of afternoon sessions for Day 2, October 15, Track A - Technology & Negotiation, as well as the panel discussion “Achieving Success in Global Negotiations,” that same day. The IACCM Americas Forum is one of the key conferences and workshops produced by the International Association for Contract and Commercial Management, a non-profit organization that enables both public and private sector organizations and professionals to achieve world-class standards in their contracting and relationship management process and skills. IACCM has over 30,000 members from more than 150 countries and 10,000 organizations. IACCM Americas Forum offers an extraordinary variety of speakers, topics and approaches to the challenges of contract management. Each day balances powerful conference-wide events with track-based sessions that focus on different goals of the profession and encourage maximum interaction. Edelman states, “Our initial involvement with IACCM dates back to 2007. Since that time, we have consistently been impressed by the quality and integrity of their events. Relative to other professional association events, IACCM’s conferences are light years ahead in terms of content, program format and most important, knowledgeable speakers and attendees. It is a genuine pleasure to participate in this year’s IACCM Americas Forum.” Corridor welcomes visitors to its exhibitor booth throughout the conference as well as to the Sponsor Showcase on Wednesday, October 15, 10:25 am (first session of the morning break). About Corridor Company Corridor Company is committed to continually evolving our software product line to meet the challenges of contracts and their proper management. With a business application platform that readily provides solutions for Contract, Proposal and Supplier Management, Corridor's end-to-end solutions enable customers to create contracts and proposals more efficiently, manage all processes more effectively, and ensure that revenue, profit and compliance are all fully optimized. Corridor's flexible licensing model, supporting implementation packages, and delivery options which include on premises, in the Cloud, or Office 365, ensure a solution tailored to fit the needs of companies, including global enterprises. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info(at)corridorcompany(dot)com
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Contract Management Software - Corridor and BT Featured in Microsoft Business-Critical SharePoint Case Study
Corridor and BT Featured in Microsoft Business-Critical SharePoint Case Study, 05.28.2014

 
Wakefield, MA (PRWEB) May 28, 2014 Corridor Company, the leading provider of contract lifecycle management software powered by the SharePoint platform, is pleased to announce the release of its Microsoft Customer Solution Case Study featuring BT (British Telecom). Published by Microsoft’s Business-Critical SharePoint (BCSP) Program, the case study describes BT’s selection, implementation and integration of Corridor’s Contract Management Business App for SharePoint or CM[.app]™. Featured at this year’s SharePoint Conference, it highlights BT’s contract management challenges as well as the business benefits realized by integrating CM[.app] with BT’s back-end financial systems. The Business-Critical SharePoint Program is a Microsoft partner program that includes top solution and service providers who focus on advanced, company-wide SharePoint solutions. There is a specific emphasis in the program on the use of SharePoint's Business Connectivity Services (BCS) functionality and leveraging SharePoint's ability to connect to Line of Business (LoB) systems for access to transactional data. BCSP is open to a limited group of Microsoft partners who meet requirements for all program milestones, including the development/delivery of a Business-Critical SharePoint solution (advanced company-wide SharePoint scenarios) and Go-to-Market (GTM) plan. Russ Edelman, President and CEO of Corridor Company, notes, “Not only are we extremely pleased with the success of the solution, we are excited about the coverage that the solution has received not only within the Microsoft community, but also internally at BT as well as the market at large. The project represented an intense and value-oriented joint effort between BT and Corridor, and the outcome has been incredibly well received.” Prior to the implementation and integration of CM[.app], BT managed its contracting processes through a number of different systems. While extremely advanced in the management of their contractual obligations, BT employed a series of manual, repetitive and sometimes inefficient processes. Little automation existed for the creation of risks or opportunities based on the outcome or status of an obligation, and downstream processes for addressing these risks were manual in their creation and management. Because of the potential impact of such risks and opportunities on financial data contained in other systems, it was critical for Corridor’s solution not only to provide needed automation, but also to integrate with these disparate systems. Working with BT to leverage their existing SharePoint installation, Corridor implemented CM[.app] to provide BT with a robust contract lifecycle management application as well as a comprehensive dashboard with aggregated data entry and reporting capabilities. In addition to having an optimized contract management process, BT can now automatically extract data from its data warehouses to deliver strategic financial information instantaneously. Contract professionals can easily manage the contracting process while readily accessing financial data. With CM[.app], BT has achieved real-time visibility into contracts allowing contract professionals, account managers and key executives at BT to make more informed decisions while reducing risk and increasing opportunity. “In today’s connected world, the creative use of technology can deliver stunning business results. Combining world-class people and processes with effective contract management tools is an essential part of our value proposition in the complex and demanding world of networked IT services. Working with Corridor, we now have a management platform that not only addresses our needs today, but is also flexible enough to accommodate the changes that are an integral part of our environment,” said Paul Branch, Head of Major Contract Management, BT Global Services. CM[.app] focuses on all aspects of the contract lifecycle. With support for contract creation, negotiation, automated redlining, and e-signature (or hardcopy signature), CM[.app] provides a full tool set to create, negotiate and sign contracts faster and more efficiently. Once contracts are signed, CM[.app] readily facilitates obligation tracking, reporting, customized notifications and record retention schedules to ensure compliance and proactive management of contractual obligations and opportunities. About Corridor Company Corridor Company is a software and services company dedicated to leveraging SharePoint to solve mission-critical business problems. Corridor’s Business[.app]™ products provide client base with solutions for Contract Management, Proposal Management and Supplier Management while our Extender[.app]™ products extend and augment SharePoint’s native functionality. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com. About BT BT is one of the world’s leading communications services companies, serving the needs of customers in the UK and in more than 170 countries worldwide. About Microsoft Founded in 1975, Microsoft is the worldwide leader in software, services, and solutions that help people and businesses realize their full potential.
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Contract Management Software - Corridor’s CM[.app] Selected for Contract Management by Array BioPharma
Corridor’s CM[.app] Selected for Contract Management by Array BioPharma, 05.13.2014

 
Wakefield, Mass. (PRWEB) May 13, 2014 Corridor Company, a leader in contract management and business-critical applications for SharePoint, is pleased to announce that Array BioPharma has selected Corridor’s Contract Management Business App for SharePoint – CM[.app]TM – as its contract lifecycle management tool. Array BioPharma Inc., is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer. With headquarters in Boulder, Colo., Array has 200 employees including scientific, clinical, and regulatory staff. “We are thrilled to see Array join our family of clients. As a company with a growing presence in the biopharmaceutical space, Corridor looks forward to working with Array BioPharma to tackle its sophisticated contract management needs,” said Russ Edelman, CEO and President of Corridor Company. CM[.app] focuses on all aspects of the contract lifecycle, from creation to obligation. With support for contract creation, negotiation, automated redlining, and e-signature (or hardcopy signature), CM[.app] provides a full tool set to negotiate and sign contracts faster and more efficiently. Once contracts are signed, CM[.app] readily facilitates obligation tracking, reporting, customized notifications and record retention schedules to ensure compliance and proactive management of contractual obligations and opportunities. About Corridor Company Corridor Company is a software and services company dedicated to leveraging SharePoint to solve mission-critical business problems. Corridor’s Business[.app]™ products provide client base with solutions for Contract Management, Proposal Management and Supplier Management while our Extender[.app]™ products extend and augment SharePoint’s native functionality. To learn why global to mid-sized clients choose Corridor as their Contract Management partner, visit http://www.corridorcompany.com. Media Contact: Dermot Whittaker 781-229-9933 ext 15 info@corridorcompany.com
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From 2014
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Key to any successful technology implementation is the working relationship between client and customer. The open, collaborative relationship between Corridor and British Telecom played a vital role in the successful deployment of Corridor’s contract management application within BT.
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Paul Branch, Head of Deal Assurance, BT