January 15, 2019
When Monish and I founded Icertis, we began on a journey to transform the foundation of commerce. We believed that the digitization of contracts would unleash enormous value at enterprises by allowing cloud computing and, later, artificial intelligence, to turn these static documents into strategic business assets. So it is ...
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December 1, 2018
This article first appeared in European Pharmaceutical Manufacturer The pharmaceutical industry is undergoing a period of rapid change. Merger and acquisition activity is high, regulations are becoming more stringent, and companies are forced to be evermore focused on cost. Regulation challenges were recently made more complex by the introduction of ...
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November 1, 2018
Airbus and Daimler are both global enterprises that manufacture iconic products—with massive portfolios of global suppliers to match. They are also both completely rethinking how they manage their relationships with these suppliers by putting contracts at the center of the sourcing process. Last week, Airbus announced that it has chosen ...
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Daimler and Airbus are at the forefront of a paradigm shift in sourcing, in which buyers use digital contracts housed on a cloud-based contract management platform as the core of their sourcing lifecycle processes, from RFxs to performance analytics.
October 31, 2018
It was a real pleasure to be able to contribute to the ProcureCon benchmarking report on ‘Driving Procurement Transformation’ this year. The report surveyed 100 Chief Procurement Officers (CPOs) from across Europe to find out more about the challenges they face, and the innovative solutions being brought to the table. ...
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Contract management, as part of modern digital transformation, has quickly become a must-have procurement technology, driven by a growing recognition that contracts form the foundation of all commercial relationships.
October 1, 2018
Last week, Icertis had the pleasure of joining customers and other Microsoft partners at the Microsoft Envision and Ignite conferences. When it comes to connecting with people who are implementing and deploying cutting-edge technologies, nothing beats these annual gatherings. "Digital transformation" is a buzzword that gets thrown around a lot, ...
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Business and tech leaders are realizing the value of digitizing contracts in order to extract their full value.
June 3, 2018
Third-party contracts—contracts that are authored by a counterparty rather than in house—are an inevitable part of doing business: Even the largest enterprises will at times enter into contracts that were written outside their own legal department, and for some businesses, they represent a major part of all contracting. Necessary though ...
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We recently launched the ICM DiscoverAI App, a new application for the Icertis Contract Management (ICM) platform that applies the power of artificial intelligence to third-party contracts so enterprises can manage them the same way they manage their own.
May 29, 2018
Legacy contracts represent a major challenge for every enterprise. They are scattered everywhere–across geographies, across multiple repositories including shared folders and SharePoint, and in many different formats. They are hard (impossible sometimes) to search, and the risks and obligations are buried deep within dense clauses (till they awaken to bite!) ...
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Our new ICM DigitizeAI application lets users easily digitize legacy contracts and create a single repository for deep insights into historical contracts beyond simple text searches.
May 21, 2018
At this year’s Build developer conference, Microsoft unveiled major enhancements to its Cognitive Services offerings on Azure, and introduced Cognitive Search, an AI-first approach to content understanding. Icertis, who has been working closely with Microsoft on the latest Azure technologies, was invited to demonstrate how developers can use the tools ...
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Because the Icertis Contract Management (ICM) platform is built natively on Azure, we are in a prime position to leverage Azure capabilities including Cognitive Search, which uses AI to turn up more relevant search results than simple keyword matches.
May 1, 2018
For the first time in the history of commerce, contracts are being completely digitized. This development, combined with the rapid evolution of artificial intelligence (AI), has business leaders entirely rethinking the role contracts can play in their enterprise. Contracts touch every facet of a business, including sales, procurement, and human ...
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Of all the critical data categories in the enterprise, companies can benefit the most from the application of AI to contract management.
April 9, 2018
As global supply chains become more complex, ensuring that contractual commitments around sustainability and ethical practices are met at each stage of the supply chain has become extremely challenging. Along with this increased supply-chain complexity, the economic and reputational cost of a lapse in compliance is increasing as well. Companies ...
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Icertis is working with customers on solutions that will allow them to use a consortium blockchain to create an immutable ledger of transactions.