What could you buy for $100,000?

Purchasing.com published “On the hunt for contract management software under $100K” comparing over a dozen contract management solutions, and what those solutions could offer for under $100,000. The article offers up tips to help customers quickly get to ROI. One of the keys to ROI is the cost of your contract management solution. Mumboe users already know the power and value of our solution, but we thought we’d share how our solution stacks up against the competition.

Whether you are a small department or a global enterprise, Mumboe provides the tools to take control of your contracts and to quickly see a return on your investment. How can we prove the ROI? We’re glad you asked. Sign up for a free trial account on our website with no hassles and no risk. You are granted immediate access to your account where you can give Mumboe a full-test drive without spending a dime or even talking to a Mumboe representative. Don’t get us wrong, we’ll be happy to speak with you if you’ve got questions.

We believe that the value and benefits in contract management result from collaboration within departments, as well as across departments within the enterprise. That’s why our solution is affordable and designed for use in legal, sales, operations, purchasing and beyond. With complete activity history and permission controls, Mumboe quickly and effectively increases control and visibility of your business agreements. Our goal is to remove the hurdles and provide a world class application that allows your business to take control.

Add comment January 20th, 2010 Author: Bill

New Password Security Settings

A number of our customers asked for ways to enhance password requirements within Mumboe, so we’ve added some additional password security settings.

• Expiration – Specify the number of days a password is valid before prompting the user to update to a new password.
• Minimum Length – By default this option is on and set to 6 characters, but can easily be modified.
• Must contain 1 letter and 1 number
• Must contain 1 of the following: $, %, !,_, -
• Cannot repeat passwords – This option will prevent re-using the same password again. You have the ability to adjust this to prevent re-using passwords from the previous 1 – 10 times.

Account Administrators can access the new feature by going to the Admin area of Mumboe and then clicking on Settings.

Add comment January 11th, 2010 Author: Bill

New Mumboe Upgrades!

Over the weekend we rolled out some new upgrades to Mumboe. Check the customer forums for a complete list of release notes. As always, your feedback is appreciated. Documents Tab Makeover and New Functionality We’ve made some significant improvements to the Documents tab. Previously, you could only upload a PDF, TIF, or Word document. Any other file types would have to be uploaded as attachments to a Note. With this release you can upload any file type to the Documents tab. Mumboe will index the following files types, which enables a full text search:PDF, TIF, RTF, and any Microsoft Office document. The Auto Extract feature will work for primary documents of the following types: PDF, TIF, RTF and DOC(X). You will also notice the layout has been improved. The tab now allows you to sort documents by a variety of fields. A labeling feature has been added to allow you to better organize your documents. And you should find it much easier to change individual document states between draft/final and signed. Clicking on the document title will bring you to the details page for the document where you have access to the version history and more details about the document. Related Agreements On the Agreement Summary tab users now have the ability to link to related agreements. This feature has been requested by a number of clients that wanted a way to link or relate agreements together so that users could quickly see other agreement records that are tied to the current record. In the sidebar area you will now see the Related Agreements area. Adding related agreements will display the hyper-linked title of related agreements. We love to hear your feedback and ideas. Please keep the great ideas coming!

Add comment November 16th, 2009 Author: Bill

Best Business Tips from yourBusinessChannel.com

We wanted to thank our friends at yourBusinessChannel.com for featuring Mumboe in their video for Best Business Tips.

Add comment November 13th, 2009 Author: Bill

Try Mumboe…Or Don’t

Common knowledge around the office is that Bill K. (our CEO) is a huge University of Alabama fan that grew up in Cullman, Alabama.  This weekend his Crimson Tide are headed over to be taken behind the woodshed while visiting my beloved Mississippi State Bulldogs.  To get the rivalry started off right this week, I sent Bill some smack talk including a local commercial from his home town.  Go ahead and watch it.  It’s definitely worth the time.

Now that our sales and marketing folks have seen the video, we’ve been talking about how funny it would be to have a commercial like this for Mumboe.  I can picture it now…Bill telling his sea stories and ending the commercial with, “…so go ahead and sign up for a free Mumboe account.  Or don’t.  I don’t care.”

Add comment November 12th, 2009 Author: James

Funny and True

I never thought the subject of professional wrestling would appear in this blog. We actually have a few fans around the office (you know who you are Phil and Scott). Like most people, I’m aware of wrestling’s popularity and familiar with many of its characters. Over the past 30 years pro wrestling has become an undeniable part of American pop culture (see the South Park parody as proof), so from a business perspective they must be doing something right. Fast Company ran an article called “10 Things Corporations Can Learn from Pro Wrestling.” I never really thought about pro wrestling as a business case study, but as the author points out, pro wrestling makes an emotional connection with its audience and continually innovates. From a marketing perspective, there’s a lot we can learn from these titans in tights.

Future Governor

Add comment October 29th, 2009 Author: Bill

New Auto Extract Video

Automatically extracting data from documents is a complex feature, typically involving a discussion of linguistics.  We tried to simplify the subject in our new Auto Extract video by explaining the advantages and value of the end results: fast, accurate and consistent data extraction from existing documents.  Please let us know what you think and thanks again!

Add comment October 12th, 2009 Author: Bill

Analyst Report Criteria Biased Against SaaS?

Phil Wainewright wrote a great article outlining many problems with the way analysts judge SaaS products.  The first and probably most important to many buyers is the total cost of ownership comparisons.  Wainewright points out a built in bias in the formula most analysts use to compare on-premise solutions vs. SaaS applications (multiplying the subscription price by three years).  This doesn’t account for the huge cost and disruption of upgrading to a new version of an on-premise solution while SaaS applications are continually upgraded at no cost.

In a recent Forrester report a SaaS collaboration tool was given a low rating for its lack of cross platform support.  Since SaaS applications are not installed, it is absurd to penalize the application for not conforming to an on-premise grading criteria.

A reader pointed out that publishing timetables also skew analyst results.  The typical two year lifetime of an analyst product comparison is designed to coincide with on-premise product delivery cycles.  Normally on-premise products are made available to analysts long before customers have them deployed while a report on a SaaS product is likely two versions behind when the report is issued.  The result is comparing apples to oranges.

Too bad so many enterprise purchasing decisions hinge on an analyst report.  Let’s hope coverage becomes as agile as SaaS development.

Add comment October 6th, 2009 Author: Bill

New Mumboe Dropbox

Our users asked us for more easy ways to get information into Mumboe. The Dropbox feature allows users to email information and documents directly into Mumboe. Each user has a personal Dropbox with four unique email addresses that allow for a variety of options:

• Dropbox - Using the generic Dropbox address you can send emails and attachments to your Mumboe account. Within Mumboe at a later time you can use the email and/or attachments to add new Agreements, add new Documents on existing Agreements from email attachments and add Notes on existing Agreements.
• Add New Agreements - Use this Dropbox address to add a new Agreement record in Mumboe. Email attachments will automatically become Documents in the Agreement Record. The subject line of the email will be the Agreement Title. The email itself will become a Note for the Agreement. You can also specify the Agreement Type in the body of the email by including for example “Agreement Type: NDA” (where NDA is the name of your Agreement Type).
• Add Documents - Use this Dropbox address to add new Documents for existing Agreement records. In the subject line of the email include the Mumboe ID for the Agreement record, and any attachments to the email will become new Documents.
• Add Notes - Use this Dropbox address to add new Notes for existing Agreement records. In the subject of the email include the Mumboe ID for the Agreement record, and the email will become a new Note.

Click on My Dropbox in the upper-right corner on the application to see your personalized Dropbox addresses and information on using the feature.

Add comment September 28th, 2009 Author: Bill

Mumboe Improves Search Results & Reports

Based on user feedback, we’ve changed the name of Advanced Search to Reports. The Advanced Search link has been removed from on top of the main navigation bar and replaced with the Reports link on the main navigation bar. You’ll still have the same great functionality, but now it will be more obvious and intuitive for users.

Our users also asked us to modify the scope and layout for Search Results. Previously, a search would present the results in a report format with results only coming from data related to agreements. In our new format we have included search hits related to Agreements, Contacts and Templates. The results are presented in a format more similar to a Google search. Relevant data is displayed and you can filter the results to limit them to Agreements, Contacts, Templates, or choose to have all results displayed. You’ll always have the option to turn a search into a report with a single click (see right sidebar for options).

1 comment September 27th, 2009 Author: Bill