Lawson Software Launches Contract Management to Help Customers Simplify Contract Creation and Tracking
Application helps organizations reduce operational costs by helping to improve management of contracts from start to finish
ST. PAUL, Minn. — Lawson Software (Nasdaq: LWSN) today announced the general availability of Lawson Contract Management, which is designed to help organizations, including those in healthcare and the public sector, simplify contract creation and management. The new application is designed to help customers reduce purchasing costs by streamlining the creation of vendor contracts and monitoring the supplies and services purchased against those contracts.
Lawson Contract Management, part of the Lawson S3 Supply Chain Management Suite, delivers standardized, auditable processes for contract creation and greater visibility into the supplies and services an organization has under contract. This insight can help purchasing managers reduce costs by enforcing compliance with vendor contracts. It also helps managers negotiate vendor discounts by helping them better analyze supply usage trends within their organization.
“Lawson Contract Management helps us create contracts faster with reusable templates and terms and conditions. It also provides a single, secure and auditable repository of all contract-related documents,” said John Lauer, manager of enterprise systems, Oglethorpe Power, a Georgia-based power supply cooperative and a Lawson Contract Management pilot customer. “The application also allows us to track purchase volumes for specific items, which helps us negotiate better contract prices.”
Located in Tucker, Ga., Oglethorpe Power generates electricity for thirty-eight Electric Membership Corporations (EMCs). It is the nation’s largest power supply cooperative in terms of assets and annual kilowatt-hour sales.
Lawson Contract Management supports flexible pricing scenarios, such as complex tiered pricing and management of rebates, which is particularly useful in managing healthcare supply contracts. Public services and utility organizations, including Oglethorpe, can use Contract Management to help manage construction agreements and automate enforcement of business terms to help reduce costly overruns or incomplete projects.
In addition, Lawson Contract Management can store corporate and other non-purchasing contracts, helping to create a more comprehensive view of these enterprise documents. The application also helps companies develop customized procurement contracts for products or services to meet their evolving needs. Lawson Contract Management is also compatible with Lawson Business Intelligence, which helps organizations create virtually unlimited types of reports to meet the specific needs of departments and managers.
“Controlling costs is one of the most challenging business issues facing healthcare and public sector organizations,” said Keith Lohkamp, product strategist, Lawson Software. “Lawson Contract Management works with existing Lawson applications, such as Lawson Strategic Sourcing and Lawson Procurement, to help customers minimize supply costs, which typically make up an organization’s largest expense after employee compensation. It helps simplify sourcing, contract creation, enforcement of pricing on purchases, and ongoing management of contracts.”
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson’s solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson’s ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company’s targeted industries and other risk factors listed in the company’s most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
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