Princeton, New Jersey, January 16th, 2018 – Ultria™ today announced that its Contract Lifecycle Management solution, Ultria CLM, will comply with the new General Data Protection Regulation (GDPR) when it is enforced on May 25th, 2018.
Arthur Raguette, EVP at Ultria, said, “We welcome the induction of GDPR across the European Union as a means to enforce stringent security for personal data. Ultria is ready for GDPR and is looking forward to helping our customers comply with it.”
Ultria CLM has developed robust new capabilities to track down contracts with non-GDPR compliant language. Its AI-based clause identification feature will enable customers to find the contracts with missing GDPR-specific clauses. This information, presented via actionable reports and dashboards, will allow customers to easily change the contract language and add relevant clauses, as appropriate.
Ultria CLM also offers a clause library wherein customers will be able to make GDPR-specific clauses mandatory for all contracts of or involving the EU region. Furthermore, Ultria CLM’s customizable templates can be used to further standardize and streamline new contract creation per GDPR guidelines.
About Ultria: Ultria, a division of Verdantis Inc., is focused on delivering robust, scalable user optimized solutions for enterprise Legal and Sales departments. Proven, scalable, SaaS-deployed workflow, and compliance engines leverage Artificial Intelligence and Learn by Example configuration to enable Ultria CLM to be robustly and rapidly provisioned into today’s complex landscapes. For information on Ultria, visit www.ultria.com.
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