Bank of the West licenses Ecteon contract management software

Ecteon's Contraxx solution enables organizations to optimize the lifetime value of business relationships by centralizing, standardizing and systemizing the entire contract lifecycle, from creation through expiration or renewal.

Bank of the West is the second-largest commercial bank based in California. "We employ a business model designed to decentralize the management of vendor relationships while centralizing the administration of the associated contracts," explained Katherine Griffin, Bank of the West's contract administrator. "We selected Contraxx based on its highly flexible architecture."

Ecteon's high level of customer satisfaction is driven by its flexible architecture, which allows each customer and end user to model a unique solution to their contract management requirements without programming-level customization.

"We are very pleased to be working with Bank of the West, a leader in the banking industry," said Lonnie Blackwood, president of Ecteon. "Through our experience in implementing contract management solutions for the financial services industry, we are uniquely positioned to support Bank of the West in optimizing their contract management systems."