Mumboe Keeps Contract Managers Informed with Facebook–Like News Feeds

Latest release of on-demand application gives businesses better visibility into entire contract lifecycle

AUSTIN, Texas – April 21, 2009 – Mumboe^™ a leader in on–demand contract management, today announced the addition of new social media-like features to its software as a service application. The latest release introduces a news feed, similar to those found in social media applications such as Facebook and Twitter, as well as new agreement tracking features. Together, these new capabilities give users the ability to see at a glance any activity related to specific business agreements, tasks, milestones and other items stored in the Mumboe system.

Specifically, the new features include:

Activity news feed – allows users to view a stream of recent activity on their Mumboe dashboard, or home screen. The news feed can include any activity in the system, such as changes to an agreements status, new milestones created, tasks completed and more. The feature gives Mumboe customers the ability to stay informed of updates and changes to their business relationships, much as they keep up with friends on Facebook. Users can configure the news feed to show only the information they want to see, such as new documents uploaded or tasks completed. The news feed can also be delivered to users in an email digest.

Agreement Tracking – With a single click, users can choose whether they want to track a specific agreement, ensuring that any activity related to that agreement is included in the user’s news feed. This eliminates the often time-consuming process of manually tracking changes, revisions, updates and status changes to an agreement.

Agreement State – a new menu lets contract managers see at a glance what stage of the contract lifecycle an agreement is currently in, such as “preparing”, “active” or “concluded”. The change came as a result of customer requests for better visibility into each stage of the contract lifecycle, and makes it even easier for users to proactively manage their business agreements.

Mumboe introduced its on–demand contract management application in March 2008, and has since attracted thousands of users with its ease of use and affordable pricing. The software is designed to help businesses track and manage their agreements with customers, partners and employees.

“Contract management is one area of the business that hasn’t seen much innovation in the past decade,” said Bill Kane, Mumboe CEO. “By offering our application on–demand and incorporating new, consumer–like technologies, were making contract management easier, friendlier and more cost–effective.”

A free trial of the Mumboe application is available at http://www.mumboe.com/.

About Mumboe

Mumboe is a leader in on–demand contract management. The privately held company is headquartered in Austin, Texas. To follow Mumboe on Twitter go to http://twitter.com/mumboe. To find Mumboe on Facebook visit http://www.facebook.com/pages/Mumboe/72858223373. For more information, visit www.mumboe.com.

Contact:
Phillip Beane
pbeane@mumboe.com
512.637.3544