San Mateo, California - 12 January 2016ContractRoom announces certification of compliance with the Safe Harbor Framework developed by the United States Department of Commerce and the European Commission and Switzerland.
This demonstrates not only ContractRoom’s strong commitment to data security, high quality product delivery, service and customer experience, but also its expanding mission to “make the world more agreeable” in Europe. ContractRoom looks forward to working with professionals throughout Europe who work with negotiations and contracts on a daily basis in industries such as technology, healthcare, insurance, finance, manufacturing and many more to give dynamic flow to a process that can be otherwise be inefficient and burdensome.
In 1998, the European Union enacted a directive on data protection that would prohibit the transfer of personal data to non-EU nations (including the United States) that do not meet the EU standards for protection. However, the Safe Harbor Framework was developed by the United States Department of Commerce, the European Commission and Switzerland to address this compliance need. Since 2000, companies that obtain certification of compliance with this framework are allowed to receive personal data from EU countries.
The Safe Harbor certification facilitates business transactions without interruption when dealing with the EU. The aim of this certification program is to bridge the difference between the data protection practices of the EU with those of the U.S.
ContractRoom manages business negotiations from inception to completion and transforms a tedious manual paper process into a dynamic data-driven operation, one in which customers can leverage their transactional and behavioral data of the organization (“collective intelligence”). In doing so, it improves process over content and control, and provides what we call Predictive AgreementTM through machine learning. ContractRoom’s negotiation and contract lifecycle management solution lets users “Negotiate less. Agree more.”
ContractRoom was recently awarded the Best Cloud-based Negotiation Management Platform by Corporate America Magazine. Further information about this award can be found here (page 20): http://issuu.com/aiglobalmedia/docs/the_software___technology_awards_20
To find out more about ContractRoom visit our website at www.contractroom.com, or click here to schedule a free, live demo: