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UMB Financial Corp. Selects diCarta Contracts to Manage Procurement and Lease Agreements

diCarta, Inc., a leading provider of enterprise contract management solutions, today announced that UMB Financial Corporation , a leading financial services company, has selected diCarta Contracts to manage its procurement and lease agreements.

UMB Financial Corp. is a multi-bank holding company with assets of more than $7 billion. The company's banking subsidiaries own and operate more than 150 banking centers throughout the Midwestern U.S., offering complete banking and related financial services to both individual and business customers.

"diCarta Contracts delivers robust functionality to improve visibility and control over contracts and contracting processes," said Nancy Grasse, Senior Vice President, Purchasing, UMB Financial Corp. "We expect this will translate into better contracts and improved compliance with the terms of our agreements."

diCarta Contracts provides organizations with Universal Contract ManagementTM, which encompasses all contracts, whether created internally or externally; all contract presentation and negotiation methods; all professionals in extended contract user communities; and all stages of the contract management process. The solution spans the contract management lifecycle from contract creation and negotiation, to obligations management and compliance enforcement, through ongoing analysis.

UMB Financial Corp. will initially use diCarta contract management software for the management of all of its procurement contracts. The solution will be used by professionals in the purchasing and contracts management organizations, as well as other associates throughout the company.

About diCarta

diCarta, Inc. provides contract management software that delivers better contracts and more effective contracting processes for the world's largest, most contract-intensive enterprises. With diCarta solutions, organizations are able to reduce procurement spending, improve sales effectiveness, and increase supplier compliance by allowing actual contracts to drive day-to-day operations. Fortune 1000 companies such as Kohler, Kraft, United Healthcare, and NBC depend on diCarta.

For more information about diCarta solutions, visit www.dicarta.com or call 1-888-496-2600.

Distributed by Market Wire