Leading U.S. Bank Chooses Contraxx to Improve Electronic Contract Lifecycle Management for Vendors Situation One of the largest commercial banks in the U.S., this customer deployed Contraxx to provide its Contract Administration Department with an efficient, electronic-based means of initiating, negotiating, and managing contracts with all of its vendors. A key objective of the system was to ensure compliance with the Gramm-Leach-Bliley Act and the Interagency Guidelines Establishing Standards for Safeguarding Customer Information as well as other audit and risk management requirements. Solution To address the Bank’s need for a simple, streamlined deployment across hundreds of users, Ecteon implemented Contraxx with web portal access. The system accommodates the entire contract life

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