Tag: ecteon

News: Ecteon Experiences Positive Growth in Managed Healthcare Services, Secures Three New Customers in Healthcare Segment

 

Contract Management Pioneer Helps Stabilize Volatile Regulatory Healthcare Companies with Successful Implementation of Contraxx

The managed healthcare industry is experiencing constant changes in regulatory environments coupled with increasing cost pressures, affecting multi-state contracting services for members and providers. Fortunately, three managed healthcare companies found Contraxx, a contract management system from Ecteon, that has positivelyhealthcare altered the way nonprofit associations and for-profit networks manage volatility in contracts in the enterprise.

Ecteon has discovered that managed healthcare companies are now requesting “next generation contract management” support that mirrors their complex and state-specific workflow processes and policies. Its product, Contraxx, has been the system of choice for three new customers this year (adding to many more over the past 30 years), seeking stabilization and adaptability from their CLM.

“Contraxx is especially suited to provide better control and efficiency in complex, high contract change environments, including networked healthcare,” said Richard Eckerstrom, chief executive officer of Ecteon. “We are excited to offer a product that helps these companies address their most pressing challenges, contain their administrative costs, and streamline their contract creation, workflow cycle-times and security processes.”

By implementing a flexible system like Contraxx, one of Ecteon’s recent managed healthcare customers was able to decrease time to identify and pull contracts from days to minutes and meet state-specific regulatory requirements while maintaining a consistent system-wide structure—A significant value-add for the customer, who, like many healthcare executives, are challenged to comply with new government mandates and effectively, improve quality, and reduce costs (Managed Healthcare Executive, 2017).

Managed healthcare companies like Blue Shield of California saw significant improvements in how it managed contracts after investing in Contraxx, including a reduction in in-process document inventory from 1,500 to 150 and a reduction in document creation time from weeks to days. Likewise, Behavioral Science Technology Inc., increased efficiency by closing 36 percent more requests in 2016 than in 2009. These case studies from Ecteon’s new customers have been a springboard of discussion for managed healthcare companies across the U.S. seeking robust, feature-rich CLM solutions that match their internal requirements.

About Ecteon, Inc.

Celebrating more than 30 years in business and headquartered in New York City, Ecteon is a contract management software company, featuring Contraxx, a premier CML solution for companies with complex contracting requirements. Ecteon offers unique insights that enable customers to effectively and reliably manage their entire contract lifecycle. The company works with notable healthcare, entertainment and corporate businesses, including Dekra Insight, Blue Sheild of California, Bank of the West, Universal Studios and Dick’s Sporting Goods. For more information, visit www.ecteon.com and follow them on LinkedIn.

Solutions that Support Strategic Contracting Initiatives – CIOReview Magazine

Ecteon was recently listed as one of the Top Procurement Solution Providers of 2016 from CIOReview magazine. Below is an exclusive interview with Ecteon CEO Richard Eckerstrom, who explains who the company’s feature-rich contract management solution Contraxx, has pioneered the industry and helped many enterprise businesses get their contract management workflows streamlined and operations successful.

CIO Review editorial

Read the full story here: http://procurement.cioreview.com/vendor/2016/ecteon

View our ad here: http://magazine.cioreview.com/magazines/December2016/Procurement/#page=37 

News: Ecteon Listed as “Most Promising Procurement Solution Provider of 2016” from CIOReview Magazine

Ecteon announced today that it has been recognized as one of the top 20 Procurement Solution Providers of 2016 by CIOReview.

“It’s a great honor to select ECTEON as one among the 20 companies that are featured in the Procurement special edition,”said Jeevan George, Managing Editor of CIOReview. A distinguished panel comprising of CEO’s, CIO’s, IT-VP’s including CIOReview editorial board finalized the “20 Most Promising Procurement Solution Providers 2016” and shortlisted the best vendors and consultants in the Procurement arena.

Ecteon provides a full range of contract management software services. The company has extensive expertise and knowledge across multiple industries and offer consulting services to help clients optimize their contract management systems. Contraxx—enterprise contract management software lets organizations monitor these details throughout the contract life cycle, ensuring vendor compliance and increasing profitability.

Contraxx shortens the procurement cycle by automating contract review, using standard language and terms, streamlining approval processes and using alerts and notifications to ensure renewals and other date-sensitive milestones are addressed.

About Ecteon

Founded in 1986, Ecteon provides business process planning, implementation, training and support. With over 30 years of experience in the business, Ecteon has developed extensive expertise and knowledge across multiple industries and also provides consulting services to help optimize contract management system. For more info, visit: www.ecteon.com

About CIOReview

Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. The magazine acts as an excellent platform for all the enterprise leaders and IT experts to share their experience and knowledge about software technologies and solutions that can redefine the business goals of enterprises tomorrow. For more info, visit: www.cioreview.com

Ecteon Proudly Sponsors the International Association of Contract and Commercial Management Americas Conference in San Diego

ecteon The pioneer of contract management software, Ecteon, is joining the contracting conversation by sponsoring the 2016 International Association of Contract and Commercial Management Conference (IACCM) in San Diego at Paradise Point Island Resort from October 24 – 26.

Ecteon will distribute information about its premier contract management lifecycle (CLM) solution, Contraxx. Conference attendees will also have the opportunity to register to win a FitBit fitness tracker at Ecteon’s booth, reinforcing the company’s message to “take the next step with Contraxx.”

Ecteon will sponsor a customer session presented by Blue Shield of California (BSCA). BSCA will share its success story of transforming to Ecteon’s next generation contract management system. BSCA presenters Dayna Bryant, senior business analyst, and Kunal Dharia, project manager, will discuss their experience investing in a new contract management system and share their positive results—informing and helping fellow conference attendees understand the process and benefits of upgrading to a feature-rich contract management system.

“We are excited to sponsor the IACCM Americas Conference and look forward to interacting with leaders in the contracting community,” said Richard Eckerstrom, chief executive officer of Ecteon. “Members of our team, Patti Dean and Alex Bombicino will share their contract management expertise and solutions that address attendee’s complex contracting challenges.”

The conference features cross-industry global perspectives, bringing thought-leadership and innovation to the community of commercial contractors – whether from legal, procurement, sales contracting, commercial or project management.

About Ecteon, Inc.

Celebrating 30 years in business and headquartered in New York City, Ecteon is a contract management software company, featuring Contraxx, a premier CML solution for companies with complex contracting requirements. Ecteon offers unique insights that enable customers to effectively and reliably manage their entire contract lifecycle. The company works with notable financial, entertainment and corporate businesses, including Bank of the West, American Family Insurance, Universal Studios and Dick’s Sporting Goods. For more information, visit www.ecteon.com.

What to Look for in a Modern Contract Management System

Your contract management system (CMS) is the beating heart of your business, capturing your relationship with customers, suppliers, employees, projects, assets, and liabilities, but your system should be more than an expensive electronic filing cabinet. Without a modern CMS, you are missing out on opportunities for efficiency, shorter cycle times, partnership-based operating procedures, and growth. While the contract lifecycle hasn’t changed that much over the years, how people create, implement, and manage the full lifecycle of contracts has drastically shifted—prompting software to advance with the ever-demanding business times.

To continue reading, visit http://www.mcsmag.com/look-modern-contract-management-system/

Article first appeared in Modern Contractor Solutions magazine August 2016. Byline contribution by Richard Eckerstrom, CEO of Ecteon.