Fireman’s Fund Chooses Nextance for Enterprise Contract Management

February 5, 2003

Nextance, Inc., a provider of enterprise software for enterprise contract management, announced that the Fireman’s Fund has chosen Nextance(TM) for the management of their procurement contracts, RFx process and related commitments.

Fireman’s Fund provides business and personal insurance coverage coupled with claims service.

“We excel in niche markets where we can be among the top five insurance providers. Associated with serving these diverse businesses are many types of vendor contracts, and it’s very important for us to keep on top of these agreements,” Robert Neuhard, Director of Contracts of Fireman’s Fund, said. “Nextance’s rich functionality across the procurement lifecycle, from RFx capability to obligation management and their scalability across the enterprise, were key factors in our decision. It was critical for us to select a solution that provided one common and simple user interface so that our internal clients could easily engage the contracts group regardless of any geographical separation.”

Nextance will provide Fireman’s Fund with the most comprehensive procurement and enterprise contract management system available. This enables complete visibility into any of the contracts, terms, and commitments across the entire enterprise – allowing significant capability for procurement contract creation, complex approval routing and compliance monitoring and management.

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