Matrix-Online is a Software as a Service (SaaS) offering that runs on the Windows Azure and SQL Azure Platform as a Service (Paas). The solution provides a cloud-based contract management repository where companies can track, search and set alerts for all of your active contracts. No IT staff is needed, no additional licenses, access to all future upgrades and releases with minimal configuration.

As Microsoft signs up additional customers on the Azure platform, CLM Matrix intends to broaden their customer reach by having the Matrix-Online service fully enabled within the cloud environment.

“Matrix-Online is an ideal solution for companies who need to get a handle on their contractual relationships,” says Tim Sparks, CEO of CLM Matrix. "Companies that have diverse vendor, customer and partner relationships need a flexible and scalable solution that can meet their needs. Windows Azure and SQL Azure are the perfect cloud platform for our contract management service offering to reach a broader set of customers."

Matrix-Online allows users to set up alerts and notifications to establish reminders for future milestones (e.g. date expirations). The management reporting capabilities also allow companies to proactively manage their pipeline of expiring agreements and gain greater insight into governing terms and conditions that influence future business performance.