In addition to new obligation management capabilities and enhanced controls, upgrade adds features to simplify management of large contracts.
Enterprise contract management software maker diCarta Corp. announced Wednesday the next iteration of its namesake Contracts solution.
DiCarta 3.1 brings with it new obligation management capabilities, enhanced controls and increased visibility for contract intensive companies, officials said.
This latest version of Contracts also provides several features that simplify management of large contracts.
A new Obligations Manager application ensures that companies follow up on contract commitments through a Contracting Professionals Dashboard that gives users a heads up view of all pending tasks and contracts in progress.
A new template editor simplifies the creation of templates, clause libraries, alternate language options and embedded business terms.
A privately held company, DiCarta, of San Carlos, Calif., has been on a roll of sorts. In June the company closed nearly $20 million in funding and brought in a new president and CEO, former Oracle Corp. Vice President Mike Kaul.
The company has also landed some big-name customers, including Kraft Foods Inc, Aetna Inc and NBC Inc.