MaintenanceNet starts community

MaintenanceNet, a supplier of extended warranty and service contract management software solutions, has created an online community for people who make a living marketing and selling aftermarket service agreements, says Manufacturing Business Technology.

The community, called Selling Services, is billed as a social networking site for individuals seeking to make professional connections and become more proficient at marketing and selling services.

The site offers industry news, event listings, and a weekly blog, with all content focused on achieving success in the sale of extended warranties and maintenance services.

According to a white paper by Aberdeen, most enterprises are challenged with issues such as fragmented telecom contract management procedures, procurement, invoice processing inefficiencies, ineffective management of contract compliance, inadequate analysis of spending, and bill payment, says TMCnet.

Aberdeen research shows that more than two-thirds of the companies don't have formal procedures for creating and managing contracts.

In most cases they do not have accurate information of their spending when they are sourcing contracts.

Selectica, a provider of contract management and sales configuration solutions, has appointed Lloyd M Sems as a member of its board of directors, says centredaily.com.

"We are delighted to have Lloyd join our board," said Robert Jurkowski, chairman and CEO of Selectica.

Sems is president and founder of Sems Capital, which manages a group of value-based funds in New York City.