Sept. 30, 2002 - Nextance, Inc., a leading provider of enterprise software for enterprise contract management, today announced that
Eastman Chemical Company has chosen Nextance(TM) for the management of their contracts and related commitments.
Eastman Chemical Company, headquartered in Kingsport, Tennessee, is a multinational corporation with over 15,800 employees working in more than 30 countries. Eastman manufactures and markets over 1,200 chemical, fiber and
plastics products and had revenues of $5.4 billion in 2001.
"We run a complex global business. As a result, we manage thousands of contracts across our business functions. We need to be able to access our agreements and have visibility into them at any time," said David Cotey, Assistant General Counsel of Eastman.
Nextance will provide Eastman an enterprise contract management system that enables visibility into the contracts, terms, and commitments across the enterprise and delivers significant capabilities in compliance monitoring and management.
"We are extremely pleased to be working with Eastman," said Kirk Krappe, President and CEO of Nextance. "Eastman joins our customer group of Fortune 1000 companies who are gaining the benefits of our highly scalable and configurable
solution. These companies are demanding enterprise grade solutions, and Nextance's unique XML architecture is allowing us to add rapid and significant value to these organizations."