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We’ll Never Look at Contract Boilerplate the Same Again

2020-03-27T10:44:29-07:00

March 27, 2020

I’ve been attending legal and contract conferences for more than two decades (if you count the greatest legal conference: law school), and I don’t think the following thought has ever crossed my mind as I scanned the rooms full of attendees: “These are the kind of people who get excited ...
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We'll Never Look at Contract Boilerplate the Same Again

Force majeure clauses, once overlooked during contract negotations, will impact billions, if not trillions, of dollars in commercial value.

We’ll Never Look at Contract Boilerplate the Same Again2020-03-27T10:44:29-07:00

COVID-19 and the Cloud: How Icertis Is Leveraging Azure to Stay Safe During the Pandemic

2020-03-19T09:53:03-07:00

March 19, 2020

As a company, we are heavily deployed in the cloud (#MicrosoftAzure), and with most of our infrastructure running on Azure, our business continuity planning (BCP) has been very, very comprehensive! But the COVID-19 situation threw a couple of twists into our BCP scenarios. First, there was the possibility of the ...
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COVID-19 and the Cloud: How Icertis Is Leveraging Azure to Stay Safe During the Pandemic

The first challenge was to ensure that we could be ready for all Icertians to be fully enabled to work from home if required – not 10% or 50% but everyone.

COVID-19 and the Cloud: How Icertis Is Leveraging Azure to Stay Safe During the Pandemic2020-03-19T09:53:03-07:00

Three Contract Concerns to Focus on Beyond Supply Chain Risk

2020-03-17T13:50:13-07:00

March 17, 2020

Recently, my colleague Bernadette Bulacan noted how valuable enterprise contract management software is for companies that want to gain visibility into their supply chain amid the COVID-19 pandemic. It makes ample sense why most of the business focus around COVID-19 has been on supply chains: with the outbreak starting in ...
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Three Contract Concerns to Focus on Beyond Supply Chain Risk

Now is not the time for companies to lose sight of contracts and the obligations, compliance requirements, and financial implications therein.

Three Contract Concerns to Focus on Beyond Supply Chain Risk2020-03-17T13:50:13-07:00

Icertians Donate 25,000 Meals to Puget Sound Kids to Aid Local COVID-19 Response

2020-03-17T08:40:17-07:00

March 16, 2020

As our communities take historic steps to protect public health in the face of the COVID-19 global pandemic, here in the Seattle area, we are beginning to identify and respond to the secondary challenges caused by that response. While critical to slow the spread of the virus, closing schools, businesses ...
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Icertis Donates 25,000 Meals to Puget Sound Kids to Aid COVID-19 Response - Icertis

While we are working from home, Icertis is donating $50,000 typically used for our team lunches to the Alliance for Education to help provid meals to Puget Sound school children in need.

Icertians Donate 25,000 Meals to Puget Sound Kids to Aid Local COVID-19 Response2020-03-17T08:40:17-07:00

5 Contract Questions AI Can Answer in a Crisis

2020-03-18T09:23:00-07:00

March 12, 2020

For many companies, a contract is seen as something to be signed, filed away, and forgotten about until something goes wrong. Yet when that something does go wrong, it is often a mad scramble to find the necessary documents to understand the implications for business. Tragically, the COVID-19 pandemic is ...
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5 Contract Questions AI Can Answer in a Crisis

Contract management software allows companies to work off one source of truth, assisted by AI able to crawl contracts at scale to surface relevant clauses.

5 Contract Questions AI Can Answer in a Crisis2020-03-18T09:23:00-07:00

What the Coronavirus Outbreak Teaches Us About Supply Chain Risk and Enterprise Contract Management

2020-03-16T12:14:21-07:00

March 5, 2020

As the novel coronavirus (COVID-19) continues to spread across the world, first and foremost on everyone’s mind is the wellbeing of those personally affected by the outbreak. But as the disease disrupts markets and supply chains, companies must also pay close attention to how the outbreak will impact their business. ...
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What the Coronavirus Outbreak Teaches Us About Supply Chain Risk

Contracts are the single source of truth for who a company is doing business with, including who it is sourcing from and on what terms.

What the Coronavirus Outbreak Teaches Us About Supply Chain Risk and Enterprise Contract Management2020-03-16T12:14:21-07:00

Without Best-in-Class Contract Management Software, Sourcing Organizations Are Leaving Money on the Table

2020-02-26T14:15:51-08:00

February 13, 2020

Imagine this: A Fortune 100 company deploys an enterprise contract management system across its buy-side operations. With all its contracts in a single system, the company identifies the suppliers it has multiple contracts with and rationalizes those agreements to make sure it’s getting the best price on every item. When ...
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Without Contract Management Software, Sourcing Organizations Are Leaving Money on the Table

In a new survey, the vast majority of CPOs surveyed see material savings to be had through better supplier contract management.

Without Best-in-Class Contract Management Software, Sourcing Organizations Are Leaving Money on the Table2020-02-26T14:15:51-08:00

Think a Source-to-Settle Suite Can Meet Your Contracting Needs? Think Again

2020-02-11T12:59:33-08:00

February 5, 2020

According to researchers at the British Library, the written word dates back to the fourth millennium B.C.E., when contracts between buyers and sellers became too complex to recall simply by memory. That contracts gave rise to writing itself speaks to how central these documents are to commerce: they define the value, the risks ...
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Think an S2S Suite Can Meet Your Contracting Needs? Think Again

Few suite vendors started in supplier management or contract life cycle management and, in these areas, functionality is often very limited.

Think a Source-to-Settle Suite Can Meet Your Contracting Needs? Think Again2020-02-11T12:59:33-08:00

How An ‘Internet of Contracts’ Will Connect Tomorrow’s World of Commerce

2020-02-11T12:33:12-08:00

January 29, 2020

In the last few years, contracts have started coming out of drawers and filing cabinets to start interacting with their environments. Sales contracts are actively referred to at each milestone and procurement contracts are married to service level agreements. Increasingly, contracts are becoming integral components of the long-term, dynamic collaboration ...
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How an ‘Internet of Contracts’ Will Connect Tomorrow’s World of Commerce

Contracts will soon be connected, interact with each other, and exchange data – creating an "Internet of Contracts." And it will change everything.

How An ‘Internet of Contracts’ Will Connect Tomorrow’s World of Commerce2020-02-11T12:33:12-08:00

Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech

2020-01-21T14:19:11-08:00

January 21, 2020

Looking back over my notes from 2019, some of the most interesting conversations I had with fellow legal minds was the growing momentum around Environmental, Social and Governance (ESG) commitments in the world of business. 2019 was a big year for ESG, highlighted by the Business Roundtable memo that called ...
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Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech

Contract visibility breeds compliance. Compliance breeds trust. Trust breeds better business.

Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech2020-01-21T14:19:11-08:00

What Agile Development Techniques Can Teach Us About Building Better Contracts

2020-02-12T12:54:43-08:00

January 15, 2020

When designing a new widget, experienced product managers know that they can’t slap a quality control process at the end of the design process and expect a good output. Rather, QC must be designed into every step of the design process, with inputs from stakeholders along the way. Process quality ...
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Using Agile Development Techniques to Build Better Contracts

For better outcomes, bring contracts to the center of business to allow early and frequent feedback throughout the sourcing process.

What Agile Development Techniques Can Teach Us About Building Better Contracts2020-02-12T12:54:43-08:00

Why Visual Contracting Is an Emerging Paradigm in Business

2020-02-11T12:53:34-08:00

January 8, 2020

In late 2017, a team of researchers discovered a 4,000-year-old Assyrian clay tablet at the UNESCO World Heritage site of Kültepe-Kanesh in Turkey. The researchers were amazed to find that the tablet was a complex pre-nuptial agreement between a man, Laqipum, and a woman, Hatala. Not only did it include ...
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Why Visual Contracting Is an Emerging Paradigm in Business

The world is moving to visual, interactive and immersed modes of communication at an extraordinary pace. Now contracts are joining the trend.

Why Visual Contracting Is an Emerging Paradigm in Business2020-02-11T12:53:34-08:00

New Survey Reveals the Unrealized Value of Contract Management Software

2020-02-19T10:32:53-08:00

December 18, 2019

This year, the Legal Department Operations Survey, conducted in partnership with Above the Law, asked respondents to rate their maturity in various areas of operation, including Contract Lifecycle Management (CLM) technology. Among those respondents who used CLM tech (just over 80% said they did), half put their maturity at either ...
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Survey Reveals Unrealized Value of Contract Management Software

But steps can be taken to help your organization quickly see the transformational impact of enterprise contract management.

New Survey Reveals the Unrealized Value of Contract Management Software2020-02-19T10:32:53-08:00

A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library

2019-12-16T06:12:32-08:00

December 16, 2019

When I speak to legal teams about their experiences deploying an enterprise contract management platform, one of the most commonly cited benefits is also one of the most basic: fewer contract templates. In a webinar earlier this year, one Icertis customer noted how his company was able to cut down ...
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A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library

If you are contemplating a contract template rationalization exercise, here are some tips to keep in mind as you undertake this initiative.

A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library 2019-12-16T06:12:32-08:00

Enterprise Obligation Management Is Key to Driving Trust and Results

2019-12-13T11:45:03-08:00

December 13, 2019

Contracts establish a working model for a business to reach a future desired state: They define the rules of business and how outcomes will be achieved. Yet until parties fulfill their contractual commitments, those outcomes are not ensured. As such, tracking the obligations enshrined in contracts is critical to an ...
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Enterprise Obligation Management Is Key to Driving Trust and Results

Obligation non-compliance hurts performance and exposes businesses to substantial risks. Yet tracking obligations is easier said than done.

Enterprise Obligation Management Is Key to Driving Trust and Results2019-12-13T11:45:03-08:00

5 Big Advantages of Contract-centric Sourcing

2019-12-03T09:59:03-08:00

December 3, 2019

Contract-centric sourcing is an emerging paradigm in which companies use contract management software with robust sourcing capabilities to drive efficiencies, compliance and savings in the buying process. The Icertis Contract Management (ICM) platform enables contract-centric sourcing through its sophisticated Sourcing application, from which buyers and sellers can easily submit bids ...
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5 Big Advantages of Putting Contracts at the Center of Sourcing

Sourcing, at its core, is a contract-centric process. Icertis’ best-in-class contract management software helps sourcing organizations leverage the power of the contract.

5 Big Advantages of Contract-centric Sourcing2019-12-03T09:59:03-08:00

How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

2020-02-06T08:42:30-08:00

November 12, 2019

Image source: IACCM Two years ago, a working group at Airbus called ContractInnovators began investigating how they could design better contracts. As a use case, they set about redesigning a Non-Disclosure Agreement (NDA). The goal of the group was not to create a legal document that could extract more concessions ...
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How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

The innovation and artistry around visual contracting are fascinating. But what’s really exciting about the movement is the philosophical shift that it represents.

How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)2020-02-06T08:42:30-08:00

What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research

2019-10-28T17:33:49-07:00

October 28, 2019

A few weeks ago, Icertis hosted an in-depth conversation about Contract Lifecycle Management (CLM) between Forrester Research’s Andrew Bartels, one of the leading analysts covering CLM, and our very own Samir Bodas, one of the most passionate CEOs in the CLM tech universe. The two met at Microsoft Studios for ...
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What Does the Future Hold for Enterprise Contract Management?

More organizations are undertaking digital transformation initiatives and the availability of CLM technology is fueling this revolution.

What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research2019-10-28T17:33:49-07:00

Guest Blog: E-Signature Plus Contract Management Software Provides the Fastest Path to Closing Deals

2019-11-15T02:58:50-08:00

October 14, 2019

The Roadblock at the End of the Sale When it comes to making a sale, timing is everything. But right before the deal is signed, there’s a roadblock: the signature. Traditionally, the process is cumbersome: print out the contracts in triplicate, find the person to manually sign, post back the ...
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E-Signatures Provide the Fastest Path to Closing Deals

An integrated Contract Lifecycle Management (CLM) + e-signature solution makes it easier, faster and smoother to create, negotiate and sign contracts.

Guest Blog: E-Signature Plus Contract Management Software Provides the Fastest Path to Closing Deals2019-11-15T02:58:50-08:00

New Survey Finds Procurement Is Getting More Strategic with Contracting

2019-12-18T13:06:32-08:00

October 8, 2019

As the global economy adapts to a period of long-term uncertainty, procurement teams are being tasked with diversifying the supplier base of the organization in order to maintain business continuity and avoid risks, all while delivering quality outcomes. Challenges on the global stage include tariffs, uncertainty surrounding Brexit and the ...
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Procurement Organizations Are Getting More Strategic with Sourcing

Through a new paradigm we call "contract-centric sourcing," companies can accelerate the source-to-contract process.

New Survey Finds Procurement Is Getting More Strategic with Contracting2019-12-18T13:06:32-08:00

With Contract Management Software, Data Needs AI, and AI Needs Data: A Q&A With Icertis Co-founder and CTO Monish Darda

2019-11-15T02:54:09-08:00

September 24, 2019

The following Q&A with Icertis CTO and Co-founder Monish Darda was originally published on AiThority. AiThority: How difficult is it to help enterprises leverage contract management through artificial intelligence capabilities? What are the challenges you faced and how did you overcome them? Monish Darda: As with any technology that is ...
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With Contract Management Software, Data Needs AI, and AI Needs Data

Effective AI and ML need data, and Icertis probably has one of the largest structured contract repositories in the world.

With Contract Management Software, Data Needs AI, and AI Needs Data: A Q&A With Icertis Co-founder and CTO Monish Darda2019-11-15T02:54:09-08:00

AERO: A Maturity Model for Managing Obligations in the Enterprise

2019-12-04T10:00:47-08:00

September 19, 2019

Managing the obligations enshrined in contracts is central to controlling risk in an organization. Obligations are legally binding commitments made by one party to another, and missing these commitments can lead to adverse financial and regulatory consequences, revenue leakage and damaged business relationships. Capabilities to discover, track and manage contractual ...
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A Maturity Model for Managing Obligations in the Enterprise - Icertis Blog

With this model, enterprises can begin to think about how they can mature as an organization, and thus drive down risk and improve contract performance and relationships.

AERO: A Maturity Model for Managing Obligations in the Enterprise2019-12-04T10:00:47-08:00

New Report: Contract Delays Cost the Average Clinical Trial Millions. Contract Management Software Can Help.

2019-09-16T13:05:00-07:00

September 18, 2019

Today’s pharmaceutical and biotech companies are grappling with complex drug trial processes, highly regulated promotional programs, and complex supply chains. At the heart of all these challenges are contracts. A new survey by WBR Insights bears this out and shows that contracting continues to be a challenge for many organizations. ...
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New Report: Contract Delays Cost the Average Clinical Trial $10 Million. Contract Management Software Can Help.

60% of respondents said contract and commercial negotiations cost the average drug trial 10 million euros; 20% reported negotiation delays costing each trial more than 50 million euros!

New Report: Contract Delays Cost the Average Clinical Trial Millions. Contract Management Software Can Help.2019-09-16T13:05:00-07:00

Contract Management Software Can Mean the Difference Between Red and Black Ink on the P&L

2019-09-13T14:32:02-07:00

September 13, 2019

The complexity of today’s global market means there are more risks inherent in running a business. Between a shifting regulatory landscape and cyber breaches, many companies are focused on risks external to the company. There is, however, a significant hidden risk, and opportunity for revenue gain, that lies internally within a ...
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Contract Management Software Can Make the Difference Between Red and Black Ink on the P&L

For every facet of a business that excels, poor contract management can sabotage that success.

Contract Management Software Can Mean the Difference Between Red and Black Ink on the P&L2019-09-13T14:32:02-07:00

5 Views of Enterprise Contract Management from the Corporate Legal Department

2019-11-15T02:50:25-08:00

August 19, 2019

Whether you are a Legal Operations professional or a Chief Legal Officer at your company, contracts undoubtedly play a role in your corporate counsel responsibilities. Maybe you’ve been tasked with figuring out how to reduce the time it takes for your department to turn redlines on sales contracts that come ...
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5 Views of Enterprise Contract Management from the Corporate Legal Department

Enterprise contract management transforms how a legal department operates internally and with outside stakeholders.

5 Views of Enterprise Contract Management from the Corporate Legal Department2019-11-15T02:50:25-08:00

Contracting Doesn’t Have To Be Complicated

2019-08-13T15:52:17-07:00

August 13, 2019

This post originally appeared on Forbes.com. How many times have you looked at a contract (NDA, employment agreement, SOW, merger agreement, etc.) and asked, "Why isn't this in a language I can understand?" For those of us that aren't lawyers (and probably for most lawyers, too) contracts certainly are tough ...
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Contracting Doesn't Have To Be Complicated

How many times have you looked at a contract (NDA, SOW, merger agreement etc.) and asked, “Why isn’t this in a language I can understand?”

Contracting Doesn’t Have To Be Complicated2019-08-13T15:52:17-07:00

The Top 8 Contract Management Challenges and How to Overcome Them with Contract Management Software

2019-08-13T06:24:04-07:00

July 10, 2019

While every company is unique, certain contract management challenges are common across all industries, geographies and business roles. Below are the eight most common contract management issues Icertis sees when speaking to companies about their processes and the contract management solutions that are available to address them. 1. Limited Contract ...
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The Top 8 Contract Management Challenges and How to Overcome Them with Contract Management Software

Read on to find the 8 most common contract management issues Icertis sees when speaking to companies about their challenges and how to overcome them.

The Top 8 Contract Management Challenges and How to Overcome Them with Contract Management Software2019-08-13T06:24:04-07:00

Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics

2019-06-27T18:43:24-07:00

June 27, 2019

Recently, a project manager at major pharmaceutical company was asked about what benefits her company is seeing from its enterprise-wide contract lifecycle management (CLM) platform. She responded that it was all about data. “Now, we are able to know how many contracts we are doing, and what is in those ...
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Crawl, Walk, Run: A Road Map to Understanding and Leveraging Contract Management Metrics

One of the major benefits of turning contracts from static documents to digital assets is the wealth of data it produces about contracts and the contract process.

Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics2019-06-27T18:43:24-07:00

Visual Contracting: The Next Frontier of Contract Management Software

2019-11-15T02:43:08-08:00

June 10, 2019

Let's face it: Unless you're a lawyer, contracts can be extremely difficult to understand. And yet contracts need to be understood, as they enshrine business rules, capture risk and reward and define governance for the enterprise. Historically, this challenge has been considered an inevitable part of business, and companies created ...
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Visual Contracting: The Next Frontier of Contract Management Software - Icertis

Icertis is committed to building contract management software that unlocks the value of contracts, and visual contracting is perhaps the most powerful tool we’ve developed to date to achieve that goal.

Visual Contracting: The Next Frontier of Contract Management Software2019-11-15T02:43:08-08:00

Exceeding Expectations: How One GC Used Contract Management Software to Become More than ‘Just a Lawyer’

2019-11-15T02:48:07-08:00

May 29, 2019

When Colin Flannery, the worldwide General Counsel of Vertiv, joined me on stage at the 2019 Corporate Legal Operations Consortium (CLOC) Institute in Las Vegas this May, our objective was to share Vertiv's contract management journey: From having unmanaged paper contracts hidden in file cabinets located across several continents, to ...
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Exceeding Expectations: How One GC Used Contract Management Software to Become More than 'Just a Lawyer'

The legal department demonstrated that they were the ultimate collaborators and partners to the business when they reengineered and improved the entire company's contract management process.

Exceeding Expectations: How One GC Used Contract Management Software to Become More than ‘Just a Lawyer’ 2019-11-15T02:48:07-08:00

The 5 Ws of Enterprise Contract Management for Legal Ops

2019-11-15T02:44:44-08:00

May 16, 2019

For legal departments, contracts have long been the forgotten piece of a company’s digital transformation puzzle. An attorney in the department might be asked to enter the contract process for drafting, negotiation and review, and yet have little insight into the company's body of contracts as a whole or how the ...
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The 5 Ws of Enterprise Contract Management for Legal Ops

When? Now! Who? You!!!

The 5 Ws of Enterprise Contract Management for Legal Ops2019-11-15T02:44:44-08:00

Contract Management Software vs. A Contract Management Platform: A Matter of Value

2019-11-15T02:40:18-08:00

April 29, 2019

The first question every business asks when considering a new technology is: What value will it deliver for our enterprise? But if your company is selecting a contract lifecycle management (CLM) solution, the more appropriate question is this: What value do we want the technology to deliver: Do we need ...
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Contract Management Software vs. A Contract Management Platform: A Matter of Value

Do you need contract management software just to search, store and author contracts? Or do you need a holistic contract management platform?

Contract Management Software vs. A Contract Management Platform: A Matter of Value2019-11-15T02:40:18-08:00

Why It’s Time to Ditch Email for Contract Collaboration

2019-06-04T20:17:51-07:00

April 22, 2019

In complex business environments, partner, supplier, and customer relationships are critical. Contracts form the foundation of these commercial relationships, yet many companies continue to rely on email for contract collaboration--raising the risk of delays or harmful miscommunication. Enterprises with increasingly complex value chains need a better way. The challenges of ...
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Why It’s Time to Ditch Email for Contract Collaboration

Email can create friction during negotiations and even raises the possibility of the wrong version of a contract getting signed.

Why It’s Time to Ditch Email for Contract Collaboration2019-06-04T20:17:51-07:00

A Very Easy Way to Test Your Contract Management Software’s Ease-of-Use

2019-06-04T20:18:36-07:00

March 25, 2019

In most cases, we at Icertis prefer solutions in the cloud over their manual, paper-based analogs. After all, we are in the business of helping companies realize the full value of their contracts by turning them from static documents into strategic digital assets. But when it comes to measuring a ...
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A Very Easy Way to Test Your Contract Management Software's Ease-of-Use

All you need is a pen and a piece of paper.

A Very Easy Way to Test Your Contract Management Software’s Ease-of-Use2019-06-04T20:18:36-07:00

Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software

2019-06-04T20:18:45-07:00

March 15, 2019

“Brexit” has been all over the news recently. If you aren’t up to speed or you haven’t been following closely, the deadline for Britain to leave the EU was March 29th, though the UK government has recently voted to delay departure. The UK could still “crash out” of the EU, ...
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Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software

One thing is clear: Companies that have invested in and deployed an enterprise contract management system will be in a much better position to manage Brexit regardless of its final form.

Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software2019-06-04T20:18:45-07:00

Enterprise Contract Management and the ‘Business of Trust’

2019-06-18T21:25:53-07:00

March 11, 2019

Almost 20 years ago, I attended a presentation by the then-GC of General Electric. He asked the audience a question that has stayed with me. We were all asked to introduce ourselves and explain what business unit of GE we worked for. One by one we spoke about the business ...
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Enterprise Contract Management and the Business of Trust

With something as critical contracts, companies need to know they can trust their contract management solution provider.

Enterprise Contract Management and the ‘Business of Trust’2019-06-18T21:25:53-07:00

Unsure Where to Start with Digital Transformation? Try the Foundation

2019-09-27T16:14:37-07:00

February 20, 2019

In a previous blog, I noted that the GCs I meet generally fall into three categories of tech adoption: those that have adopted very little technology, those who are in the process of implementing digital solutions, and those who are demanding the next generation of technology like AI and blockchain. ...
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Unsure Where to Start with Digital Transformation? Try the Foundation

Contract management is like a building: When constructing a magnificent structure, the first step is putting a foundation in place.

Unsure Where to Start with Digital Transformation? Try the Foundation2019-09-27T16:14:37-07:00

GCs Are Getting a Seat at the Table with Digital Contracts

2019-06-04T20:19:47-07:00

February 6, 2019

I recently joined 400 people from the legal fraternity at the CLOC 2019 London Institute, to take part in a great discussion about the future of the law, lawyers, legal operations and the big role technology is playing in transforming all these. The event reminded me once again what an ...
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GCs Are Getting a Seat at the Table with Digital Contracts

A massive transformation is underway and the interest in managing information with technology–and enterprise contract management solutions in particular--is very high.

GCs Are Getting a Seat at the Table with Digital Contracts2019-06-04T20:19:47-07:00

Contracting at the Edge: How AI and Blockchain Are Changing the Rules of Business

2019-06-04T20:21:37-07:00

January 30, 2019

Think about the last time you rented a car. If your experience was like mine, you did not sign your contract until you got to the counter. There was no question about when exactly you’d need the car (since you’d already landed and knew your precise arrival time!) and you ...
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Contracting at the Edge: How AI and Blockchain Are Changing the Rules of Business

With AI, businesses are taking contracts to the edge - nearer the transaction, when they have a complete picture of the environment around the contract, enabling all parties to use the most up-to-date information.

Contracting at the Edge: How AI and Blockchain Are Changing the Rules of Business2019-06-04T20:21:37-07:00

With AI, Buy-vs.-Build Becomes a No-Brainer in Contract Management

2019-08-14T19:01:47-07:00

January 25, 2019

As I meet with customers to discuss modern contract lifecycle management (CLM) technology and emerging fields like artificial intelligence (AI), one comment I often hear from executives at companies with internal IT development resources is: “Can’t we just build it ourselves?” Good question! Icertis’ first customer was Microsoft. Needless to ...
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With AI, Buy-vs.-Build Becomes a No-Brainer in Contract Management

For AI to deliver real value, you have to have a critical mass of diverse data to be able to train the algorithms and continuously improve them through machine learning.

With AI, Buy-vs.-Build Becomes a No-Brainer in Contract Management2019-08-14T19:01:47-07:00

Companies Should Take Enterprise-wide Approach to Contract Management: Gartner

2019-06-04T20:21:54-07:00

January 22, 2019

Gartner has released its latest market report for contract lifecycle management (CLM), reporting that contract management has become a core process for enterprises--similar to ERP and CRM. In light of this, Gartner reports companies are abandoning piecemeal, department-by-department approaches to contract management in favor of an enterprise-wide solution that unifies ...
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Companies Should Take Enterprise-wide Approach to Contract Management: Gartner

“CLM solutions are evolving from operational record-keeping systems used for legal auditing purposes into enterprise-level core systems for addressing business risks, costs and the pursuit of revenue maximization.”

Companies Should Take Enterprise-wide Approach to Contract Management: Gartner2019-06-04T20:21:54-07:00

Icertis Ranked Highest in Current Offering in Contract Lifecycle Management Evaluation by Forrester

2019-06-04T20:22:07-07:00

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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Highest Rank in Contract Lifecycle Management by Forrester - Icertis

The Icertis Contract Management (ICM) platform received the highest score possible (5.0) in 17 out of 22 product categories. Read more about Icertis here.

Icertis Ranked Highest in Current Offering in Contract Lifecycle Management Evaluation by Forrester2019-06-04T20:22:07-07:00

Technology and AI Are the Key to Fast Tracking Drug R&D

2019-06-04T20:22:18-07:00

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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Key to Fast Tracking Drug R&D: Technology & AI - Icertis

Pharmaceutical operations involve relationships with stakeholders, which are usually defined by contracts, especially R&D. Technology & AI are the answers.

Technology and AI Are the Key to Fast Tracking Drug R&D2019-06-04T20:22:18-07:00

Are Missed Contract Obligations Costing Your Company a Fortune?

2019-06-04T20:22:39-07:00

November 15, 2018

Ensuring contracts perform to their full potential requires all parties deliver on their promises. Yet identifying and extracting contract obligations at scale via manual contract management processes can be difficult if not impossible for large enterprises. The repercussions of poor obligation management are not abstract. A McKinsey & Company study ...
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The Cost of Missed Contract Obligations - Icertis

Without a system to properly track contract obligations at scale, large businesses run the risk of damaged customer relationships & poor commercial performance.

Are Missed Contract Obligations Costing Your Company a Fortune?2019-06-04T20:22:39-07:00

The Future of Procurement: Contract Management and AI

2019-06-28T19:42:29-07:00

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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Supply Chain Futures Involve Contract Management & AI

According to the 2018 ProcureCon report, the future of procurement will center on innovative contract management and use of Artificial Intelligence.

The Future of Procurement: Contract Management and AI2019-06-28T19:42:29-07:00

Putting Data to Work: How Contracts Can Be an Ace-in-the-Hole for Successful Legal Defense

2019-06-04T20:23:27-07:00

October 19, 2018

In my previous blogs, I’ve addressed increasingly advanced applications for contract management software: First, we explored how a General Counsel could have used contract data to lower insurance premiums for their company by being able to search across its entire body of contracts. Next, we looked at a more complex ...
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How Contracts Can Help Legal Defense - Icertis

Learn how contracts can be an ace-in-the-hole for successful legal defense. Icertis explains how general counsel can benefit here!

Putting Data to Work: How Contracts Can Be an Ace-in-the-Hole for Successful Legal Defense2019-06-04T20:23:27-07:00

Why Contracts Are Key to Executing Your Sourcing Category Strategy

2019-06-04T20:23:36-07:00

October 9, 2018

For procurement organizations, “category management” is considered a best practice for sourcing. Simply put, category management is the process by which companies segment all the goods and services they need to procure into discrete categories that reflect the specific common characteristics of the products they’re buying. For example, the procurement ...
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Why Contracts Are Key to Executing Your Sourcing Category Strategy

To improve compliance with category strategies, leading enterprises are putting contracts at the center of the process. Learn more about category management.

Why Contracts Are Key to Executing Your Sourcing Category Strategy2019-06-04T20:23:36-07:00

One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.

2019-06-04T20:27:17-07:00

September 3, 2018

In my previous post, I related a story from a colleague who missed significant costs savings because of his inability to search his contracts, and how a central repository of digital contracts could have solved the problem. Today, I want to build on my last post and discuss how risks ...
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Protect Yourself From Missed Contract Obligations - Icertis

Learn how contract management systems are used to protect companies from financial and reputational damage from contract obligations.

One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.2019-06-04T20:27:17-07:00

Bringing Contracts to the Center of Sourcing: A Paradigm Shift for Procurement Professionals

2019-06-04T20:27:30-07:00

August 24, 2018

Today’s procurement organizations are being asked to move faster than ever to source the materials needed by their companies. It’s a difficult position to be in. Under the current sourcing paradigm, the multi-step process of securing the vendor is time-consuming, and even then can expose a company to risk and ...
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Procurement: Bringing Contracts to the Center of Sourcing

Today’s procurement organizations are being asked to move faster than ever to source the materials needed by their companies. Learn about contract centric sourcing.

Bringing Contracts to the Center of Sourcing: A Paradigm Shift for Procurement Professionals2019-06-04T20:27:30-07:00

How the Modern GC Is Transforming Their Business Impact

2019-06-04T20:27:38-07:00

August 20, 2018

Managing risk and reducing cost for an enterprise are goals at the forefront of every General Counsel’s mind these days. GCs are playing an increasingly strategic role in the C-suite and need to think proactively about how they can reduce their company’s exposure to reputational, financial, and legal risk while ...
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How General Counsel is Transforming Their Business Impact

Managing risk & reducing cost for an enterprise are goals at the forefront of every general counsel’s mind these days. GC plays a strategic role in the C-suite.

How the Modern GC Is Transforming Their Business Impact2019-06-04T20:27:38-07:00

Why Contract Management Software Needs to Meet Customers Where They’re At

2019-04-02T19:51:35-07:00

August 3, 2018

When trying to get an organization to adopt new technology, managers should expect to encounter users who aren’t naturally technology savvy or are instantly distrustful of new ways to do things. The obvious problem with non-adoption: companies don’t get maximum benefit from new technology since more often than not their ...
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Top Contract Management Solutions Meet Users Where They're At

The ICM experience offers all of the best for users: an contextual user experience, an easy & effective platform and personalization options.

Why Contract Management Software Needs to Meet Customers Where They’re At2019-04-02T19:51:35-07:00

Reducing Supply Chain Risk with Better Contract Management

2019-06-04T20:28:31-07:00

July 15, 2018

Preventing reputational and brand damage caused by poor supplier practices should be first on the executive agenda, according to Pierre-Francois Thaler, co-founder and co-CEO of EcoVadis. “Our world is more connected and social than ever. Today’s environment puts a laser focus on not just your own actions, but on the ...
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Better Contract Management can Reduce Supply Chain Risk - Icertis

Let Icertis help you reduce your supply chain risk with better contract management. Contact us to learn about what we can do for you!

Reducing Supply Chain Risk with Better Contract Management2019-06-04T20:28:31-07:00

It’s 2018. Do You Know Where Your Contracts Are?

2019-06-04T20:28:45-07:00

June 26, 2018

“We had no idea where our contracts were, what they said, or who had them.” That’s how Ken Baughman, associate general counsel for global manufacturer Vertiv, describes his company’s contract management situation before it adopted Icertis. Sound familiar? Manual contract management often leads to contracts becoming siloed by department or ...
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Do You Know Where Your Contracts Are? - Icertis Contract Management

Most businesses have no idea where there contracts are, who has them, or what they even say. Icertis can help answer these questions. Read on.

It’s 2018. Do You Know Where Your Contracts Are?2019-06-04T20:28:45-07:00

How Contract Management Software Is Helping Sales Teams Accelerate Business and Protect Their Enterprises

2019-06-04T20:30:39-07:00

June 25, 2018

In today’s fast, competitive business environment, every organization wants their sales team focused on one thing: generating revenue for the company. Sales teams that are slow in responding to opportunities, or that can’t quickly and nimbly respond to customer demands, won’t last long. On the other hand, an enterprise must ...
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Contract Management Software Grows & Protects Businesses

How can contract management software help your sales team accelerate business? Read about how Icertis' enterprise solutions can help your business flourish.

How Contract Management Software Is Helping Sales Teams Accelerate Business and Protect Their Enterprises2019-06-04T20:30:39-07:00

Four Big Trends Pushing Pharmaceutical Companies to Enterprise Contract Management

2019-06-28T19:41:11-07:00

June 19, 2018

Change is afoot in the pharmaceutical industry. Merger-and-acquisition activity is high; regulations are becoming ever more stringent; companies are focusing on cost; and outsourcing is rising. And this just scratches the surface. Forward looking pharma leaders are exploring how the digital transformation of their processes can help meet these challenges ...
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4 Trends Pushing Pharmaceutical Companies to Contract Management

Change is afoot in the pharmaceutical industry. Trends pushing this change include: outsourcing, focus on cost, focus on M&A activity, & complicated supply chains.

Four Big Trends Pushing Pharmaceutical Companies to Enterprise Contract Management2019-06-28T19:41:11-07:00

Why Legal Departments Are Being Asked to Approve Contracts Faster

2019-06-04T20:32:30-07:00

June 18, 2018

The accelerating pace of business has created many new opportunities for today’s enterprises, and with it new and heightened risks for them to navigate. To help them succeed in such an environment, companies are relying on their general counsel to play an increasingly strategic role in determining a path to ...
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Why Legal Department Contracts Need Faster Approval

Legal teams are turning to enterprise contract software to manage their contracting processes. Companies must accelerate to keep up with changes. Download our ebook.

Why Legal Departments Are Being Asked to Approve Contracts Faster2019-06-04T20:32:30-07:00

Is Your Sales Organization Spinning Up a Contract Management RFP? Here’s Who Should Be Involved in the Selection Process

2019-06-04T20:32:48-07:00

June 11, 2018

Is your sales organization spinning up a contract management RFP? When an executive team comes together to pick an enterprise contract management vendor, each will bring a unique set of needs to the table. Here is a roster of who should be involved in the selection process, and what they ...
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Who To Involve In Choosing A Contract Management Solution

When your sales team is developing a contract management RFP, make sure to include the right people. Read about who to involve & download our free eBook!

Is Your Sales Organization Spinning Up a Contract Management RFP? Here’s Who Should Be Involved in the Selection Process2019-06-04T20:32:48-07:00

Evaluating Contract Management Software Solutions for Sales Organizations

2019-06-04T20:33:19-07:00

June 6, 2018

When organizations that deal with complex sell-side contracts decide it’s time to abandon their manual contract management process for something more sophisticated, they have a wide variety of solutions to choose from. Options range from those offered by software suites they already use, to those housed within the CRM or CPQ ...
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Contract Management Software Solutions for Sales Organizations

When businesses with complex sell-side contracts decide it’s time to abandon their manual contract management process they can choose from CRM, CPQ, & suite systems.

Evaluating Contract Management Software Solutions for Sales Organizations2019-06-04T20:33:19-07:00

Harness AI to Discover New Value in Third-Party Contracts

2019-06-04T20:33:21-07:00

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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AI Uncovers New Value In Third-Party Contracts

The new ICM DiscoverAI app exposes third-party contracts to reveal opportunities to explore and risks to mitigate. Download the datasheet to learn more!

Harness AI to Discover New Value in Third-Party Contracts2019-06-04T20:33:21-07:00

With AI, Those Contracts in Your Closet Can Become Strategic Digital Assets

2019-06-04T20:33:31-07:00

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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Turn Contracts Into Strategic Digital Assets With AI

Icertis' new ICM DigitizeAI app can help businesses by bringing legacy contracts to life. Download our datasheet to learn more!

With AI, Those Contracts in Your Closet Can Become Strategic Digital Assets2019-06-04T20:33:31-07:00

Icertis Brings Advanced Cognitive Search Capabilities to Contract Management

2019-06-04T20:33:49-07:00

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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Icertis Uses Cognitive Search AI For Contract Management

Icertis is building the contract management platform of the world using AI to turn static contracts into strategic documents. Watch the full presentation below!

Icertis Brings Advanced Cognitive Search Capabilities to Contract Management2019-06-04T20:33:49-07:00

What Are Smart Contracts?

2019-06-04T20:34:42-07:00

May 4, 2018

Smart contracts are an emerging technology that could conceivably up-end contract management in the very near future. But what are they? First proposed by Nick Szabo in 1994, smart contracts are self-executing documents with the terms of the agreement written directly into lines of code. These contracts render transactions traceable, transparent, verifiable ...
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Smart Contracts - An Emerging Technology - Icertis

Smart Contracts are self-executing documents with the terms of the agreement written into lines of code. Learn more about how this will change businesses.

What Are Smart Contracts?2019-06-04T20:34:42-07:00

AI Will Change the Way We Look at Contracts Forever

2019-06-04T20:34:51-07:00

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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How Will AI Technologies Change How We Look At Contracts?

AI takes contracting capabilities to the next level when used in platforms like the cloud-based ICM. To learn more about Icertis' solutions, contact us today!

AI Will Change the Way We Look at Contracts Forever2019-06-04T20:34:51-07:00

10 Features to Look for in Contract Management Software

2019-06-04T20:35:20-07:00

April 16, 2018

Is your contract management software difficult to use, unable to provide valuable insights, and underutilized? If so, your organization could be missing out on revenue opportunities and susceptible to non-compliance risk. Consider these features if you're thinking about an upgrade: 1. Personalized Dashboard Contract management software shouldn’t be one-size-fits-all, and ...
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Look For These 10 Features In Contract Management Software

Considering upgrading your contract management process? Learn about important CLM features & read the Icertis Enterprise Contract Management Guide today!

10 Features to Look for in Contract Management Software2019-06-04T20:35:20-07:00

Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management

2019-06-04T20:35:33-07:00

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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Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management

The Icertis Contract Management platform can help your team increase sales velocity through improved workflow visibility, CRM integration and other provisions.

Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management2019-06-04T20:35:33-07:00

NFL Quarterback Josh McCown and the Rise of Digital Contracts

2019-06-04T20:37:59-07:00

April 5, 2018

For the first time in the history of commerce, contracts are being completely digitized. This development has major implications for every industry—even professional football. Consider the recent report from ESPN that veteran NFL quarterback Josh McCown signed a new contract with the New York Jets while sitting at a Chick-fil-A ...
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The Effect of Digital Contracts on Professional Football

With the digitization of contracts, NFL quarterbacks are now signing $10 million contracts with their smartphone. Crazy, right? This is just the beginning. Read on!

NFL Quarterback Josh McCown and the Rise of Digital Contracts2019-06-04T20:37:59-07:00

How Better Contract Management Software Accelerates Time to Revenue

2019-06-04T20:38:15-07:00

March 23, 2018

The pace of commerce is accelerating, and today’s organizations face ever-growing demands to deliver faster time to revenue—the length of time from when contract negotiation starts to when it begins to generate income for the business. If a business deal takes twice as long to complete because of a suboptimal ...
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Better Contract Management Accelerates Time To Revenue

Today's organizations are pressured to deliver faster time to revenue. Read an Icertis case study and reserve your live demo seat to hear how ICM can help you!

How Better Contract Management Software Accelerates Time to Revenue2019-06-04T20:38:15-07:00

What the Oscars Taught Us About Contract Management

2019-08-20T13:03:56-07:00

March 21, 2018

It’s not often that contract clause language makes it into an Oscar speech, but that’s what happened this year when Best Actress winner Frances McDormand used her acceptance to beseech the stars in the audience to demand “inclusion riders” in their contracts. Her comment led many to look up what ...
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Contract Management Lessons From The 2018 Oscars

In her acceptance speech, Frances McDormand talked contract management with her discussion of "inclusion riders" in entertainment contracts.

What the Oscars Taught Us About Contract Management2019-08-20T13:03:56-07:00

Enterprise Contract Management Is Picking Up Steam According to Gartner

2019-06-04T20:38:50-07:00

March 16, 2018

No two technology asset classes follow the same path through the market. Some quickly ascend to must-have elements for almost every business, with lots of vendors competing for market share; others remain fairly niche solutions throughout their lifecycles. That said, nearly all technologies follow a predicable arc, going from emerging, ...
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Enterprise Contract Management Excelling - Icertis

Learn how Enterprise Contract Management software is seeing more widespread adoption in the market. with Gartner Inc.'s latest IT Market Clock.

Enterprise Contract Management Is Picking Up Steam According to Gartner2019-06-04T20:38:50-07:00

2017 Was the Most Active Year Ever for FCPA Investigations

2019-06-04T20:38:58-07:00

March 7, 2018

In 2017, 45 new Foreign Corrupt Practices Act-related investigations were publicly disclosed, according to a tally just published by FCPA Blog, which monitors enforcement of the U.S. law. If that sounds like a lot, that’s because it is: The investigations made for the most active year for new FCPA-related investigations ...
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2017: A Big Year For FCPA Investigations

Insight into contracts can help prevent Foreign Corrupt Practices Act missteps. To learn how Icertis can help your enterprise control risk, contact us today!

2017 Was the Most Active Year Ever for FCPA Investigations2019-06-04T20:38:58-07:00

How Contract Management Software Helps Insurers Manage Their Provider Networks

2019-06-04T20:39:04-07:00

February 28, 2018

Health insurance companies and other healthcare payors like PPOs and HMOs face serious challenges to containing costs for their clients while staying in compliance with government regulations. Better contract management can help payors face these challenges in many important ways, including by improving the process of provider contracting, in which ...
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Contract Management Helps Manage Provider Networks for Insurers

Better contract management can help payors improve the process of provider contracting. It also helps insurers better manage their provider networks. Read more.

How Contract Management Software Helps Insurers Manage Their Provider Networks2019-06-04T20:39:04-07:00

Sourcing Organizations Are Gaining Strategic Advantage With Enterprise Contract Management Software

2019-06-04T20:39:37-07:00

February 28, 2018

Sourcing and procurement departments play a strategic role in controlling spending and managing risks. They must think creatively to increase savings and draw insights from suppliers in an increasingly complex supply chain. Strategic sourcing processes that improve compliance, reduce risk and strengthen supplier collaboration result in increased sourcing performance and ...
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Contract Management Software - Sourcing Advantage - Icertis

A strategic advantage can benefit any company, learn how contract management software can give sourcing organizations that advantage here!

Sourcing Organizations Are Gaining Strategic Advantage With Enterprise Contract Management Software2019-06-04T20:39:37-07:00

How Contract Management Software Is Making the Healthcare and Life Sciences Industry More Agile

2019-06-04T20:39:50-07:00

February 23, 2018

The healthcare and life sciences industry stands at a pivotal moment. Nearly every week, the marketplace is disrupted by news of acquisitions, mergers and emerging players—as in the case of Amazon, Berkshire Hathaway, and J.P. Morgan’s announcement they would be teaming up to form a new healthcare company. At the ...
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Making the Healthcare & Life Sciences Industry More Agile - Icertis

Better contract management means more agility to react to industry disruptors, regulatory uncertainty and shifting consumer demand. Learn more here!

How Contract Management Software Is Making the Healthcare and Life Sciences Industry More Agile2019-06-04T20:39:50-07:00

Customers, Analysts, Investors See Big Value in Enterprise Contract Management Software

2019-06-04T20:40:14-07:00

February 8, 2018

Today we are very excited to share that Icertis has secured $50 million in Series D funding led by Meritech Capital Partners, with additional investments by PSP Growth and Cross Creek Advisors, some of the top technology investment companies in the world. As a further validation of our strategy, all ...
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Enterprise Contract Management Software Driving Value For All

Customers & investors alike are seeing value in CLM software like ICM. Icertis is a leader in the field & has secured $50 million in Series D funding.

Customers, Analysts, Investors See Big Value in Enterprise Contract Management Software2019-06-04T20:40:14-07:00

Why the Banking Industry Needs Enterprise Contract Management Software

2019-06-04T20:40:32-07:00

January 30, 2018

As anyone who has a banking app on their phone can tell you, the digital transformation is well under way in the financial industry. Breakthroughs in financial technology have made it possible for bank customers to deposit a check, apply for loans, and transfer funds with little more than a ...
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Future Contract Management: Blockchain & Smart Contracts

Read about coming changes like blockchain tech & smart contracts for contract management in 2018. The ICM platform equips businesses to keep up with innovations.

Why the Banking Industry Needs Enterprise Contract Management Software2019-06-04T20:40:32-07:00

How Blockchain and Smart Contracts Will Change Contract Management in 2018

2019-06-04T20:40:43-07:00

January 24, 2018

The term “programmable economy” was first coined in 2014 by the research firm Gartner Inc. to describe the radical changes occurring in the global economy due to technological innovations. In 2018, the programmable economy will be powered by disruptive technologies including blockchains, distributed ledgers, and smart contracts. These technologies will ...
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How Blockchain and Smart Contracts Will Change Contract Management in 2018

Advancements in blockchain and distributed ledger will only increase the benefits of having an enterprise-wide contract management platform. Click here to read on.

How Blockchain and Smart Contracts Will Change Contract Management in 20182019-06-04T20:40:43-07:00

Is Your Manual Contract Management Process Putting Your Business at Risk?

2019-08-20T13:07:04-07:00

January 22, 2018

Manual contract creation, review, and approval often results in missed commitments, compliance mandates, possible discounts, and other milestones. This puts the business at risk. The contract management process changes for the better when buy-side, sell-side, and corporate contracts and workflows are aligned. Contract lifecycle management (CLM) addresses the critical issues ...
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Poor Contract Management Puts Your Enterprise At Risk

Manual contract creation can expose your firm to unneeded risk. Icertis' Contract Management platform streamlines contracting to increase efficiency & safety.

Is Your Manual Contract Management Process Putting Your Business at Risk?2019-08-20T13:07:04-07:00

The Right Contract Management System Can Boost Your Company’s Productivity

2019-06-04T20:41:04-07:00

January 19, 2018

According to the American Psychological Association, multitasking—when someone tries to perform two or more tasks at the same time or in rapid succession—can diminish a worker's productivity by as much as 40 percent. For business decision makers, this means that enterprise software can’t just be judged on its functionality, but ...
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Boost Company's Productivity with Contract Management - Icertis

Icertis Experiences ensures contract management remains centered in an organization’s workflow. Learn how this approach helps boost productivity!

The Right Contract Management System Can Boost Your Company’s Productivity2019-06-04T20:41:04-07:00

How Contract Management Software Can Protect Banks from Bad Vendors

2019-06-04T20:41:12-07:00

January 10, 2018

The issue of vendor risk assessment by banks has gained more attention in recent years as the U.S. federal government tightens the rules around what a bank must due to ensure critical vendors don’t pose a serious risk to their operations. In 2013, the Office of the Comptroller of the ...
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Contract Management Software Can Protect Banks from Bad Vendors

Icertis contract management platform in the cloud, transforms your contracts into valuable assets. Solution to vendor risk assessment for banks.

How Contract Management Software Can Protect Banks from Bad Vendors2019-06-04T20:41:12-07:00

From the CLO to the CFO, Enterprise Contract Management Software Offers Something For Everyone in the C-Suite

2019-06-04T20:41:34-07:00

January 8, 2018

Contracts are critical business assets. The importance of an effective contract management system cannot be overstated, as poor contract management can quickly undermine even the strongest organization. Spanning three key dimensions of the enterprise, contracts: Govern every dollar that goes in and out of an organization. Given this critical function, ...
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Enterprise Contract Management Software - Something For Everyone

The importance of an effective contract management system is essential. Poor contract management can quickly undermine even the strongest organization. Learn more.

From the CLO to the CFO, Enterprise Contract Management Software Offers Something For Everyone in the C-Suite2019-06-04T20:41:34-07:00

Evolution of Contract Lifecycle Management

2019-06-04T20:41:46-07:00

December 20, 2017

Ineffective contract management processes consume valuable time and resources and increase business risk. If contracting is holding back your business performance due to a lack of standardization, controls, or access, you may need rethink your current contract management process. Optimizing contract lifecycle management improves efficiency, visibility, and profitability. It also ...
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Contract Lifecycle Management Evolution - CLM Lifecycle

Why is contract lifecycle management important? Take our Contract Management Maturity Assessment to learn more about options for your business.

Evolution of Contract Lifecycle Management2019-06-04T20:41:46-07:00

Is Your Contract Management Process Giving Your Legal Team a Headache?

2019-06-04T20:43:08-07:00

December 11, 2017

According to PricewaterhouseCoopers, the average Fortune 2000 company now holds 20,000-40,000 active contracts. Global supply chains, multi-jurisdictional businesses, and changing regulations have also made contract management more complex. Unfortunately for legal teams, contract management processes have not kept pace with marketplace changes. Manual contract management is still a common practice, ...
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Is Your Contract Management Process A Legal Nightmare?

Poor contract management can cause costly problems for your legal team. The Icertis Contract Management platform gives insight & relief from legal team burdens.

Is Your Contract Management Process Giving Your Legal Team a Headache?2019-06-04T20:43:08-07:00

Four Compliance Questions Every Bank Should Ask About Its Contracts

2019-06-04T20:43:20-07:00

December 5, 2017

The financial services industry today faces unprecedented regulatory scrutiny. With the heavy fines and bad PR that come with findings of non-compliance, following strict standards is not simply a goal for banks, but a core requirement. Contracts, which form the foundation of a bank’s relationship with customers, employees, and vendors, ...
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4 Compliance Questions Every Bank Should Ask About Its Contracts

If banks aren't asking these compliance questions, they may be overlooking risks lurking in their contracts. Read these & then complete a demo today!

Four Compliance Questions Every Bank Should Ask About Its Contracts2019-06-04T20:43:20-07:00

Why it Pays to Be Proactive with Contract Obligations and Entitlements

2019-06-04T20:43:41-07:00

December 4, 2017

The value of specific contracts vary significantly throughout a company. One contract may not have as much meaning to one person as it does to the next. Regardless, meeting contract obligations and taking advantage of entitlements will ultimately result in increased revenue and decreased expenses for the entire company. Proactively ...
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Be Proactive with Contract Obligations & Entitlements

Visibility & accessibility are vital to effective contract management & compliance tracking. Learn more about contract obligations & entitlements.

Why it Pays to Be Proactive with Contract Obligations and Entitlements2019-06-04T20:43:41-07:00

Transforming the Foundation of Commerce with Contract Management

2019-06-04T20:44:40-07:00

November 12, 2017

Digital transformation has quickly become the enterprise buzz word of the year – and for good reason. The pace of business is accelerating and organizations are facing pressure to increase their speed of operations while improving their ability to respond to changing market dynamics. In short, they face tough decisions ...
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How Contract Management Transforms Commerce

Contracts govern every dollar that comes in and goes out of an enterprise. Icertis' Contract Management platform enables greater control of contract lifecycles.

Transforming the Foundation of Commerce with Contract Management2019-06-04T20:44:40-07:00

What a Flood in Thailand and Lead Paint in Toys Can Teach Us About Contract Risk Management

2019-08-20T13:07:38-07:00

May 12, 2017

An enterprise organization may have several thousand active contracts at any given time, and each one carries a potential risk of regulatory non-compliance, supply chain disruptions, and public relations disasters. Without a proper system for managing contract obligations and commitments, these risks remain hidden, which can cost the enterprise millions ...
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Learning About Contract Management: Floods & Lead Paint

ICM simplifies contract risk management by serving as a central repository that houses all enterprise contracts & related data. Learn more here.

What a Flood in Thailand and Lead Paint in Toys Can Teach Us About Contract Risk Management2019-08-20T13:07:38-07:00

Join Us at Workday Rising

2019-08-20T13:08:07-07:00

October 5, 2017

Procurement leaders have a lot to consider in the coming year – they are under pressure to deliver savings while reducing risk and accomplish more with less. But, the solution won’t come from applying more resources to the problem. Transforming procurement demands a completely new approach, one that places contract ...
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Join Icertis at Workday Rising

Join Icertis at Workday Rising to meet our contract experts & learn how the Icertis platform & its features work. Read more about the learning opportunities.

Join Us at Workday Rising2019-08-20T13:08:07-07:00

Seven Valuable Business Insights Hiding in Your Contract Analytics

2019-08-20T13:08:19-07:00

September 25, 2017

A contract lifecycle management (CLM) platform must do far more than streamline contract authoring and ensuring compliance. With contract analytics, a CLM platform can leverage data from enterprise systems to give you a holistic view of contract performance. Contract analytics has helped professionals in many industries to assess the value ...
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7 Valuable Business Insights from Your Contract Analytics

Contract analytics has helped professionals in many industries to assess the value of existing contracts & negotiate better ones. Read business insights here.

Seven Valuable Business Insights Hiding in Your Contract Analytics2019-08-20T13:08:19-07:00

How to Successfully Implement New Contract Management Software

2019-06-04T20:45:23-07:00

September 10, 2017

It's every CIO's dream: a rapid and successful digital transformation. Fortunately, it isn't just a dream, but a reality for some companies. Consider the recent examples of auto giant, Daimler AG, and World Wide Technology (WWT). Daimler, the parent company of Mercedes Benz, went live with the Icertis Contract Management ...
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How to Implement New Contract Management Software - Icertis

Partnering with the right contract management software provider is the first step to a thriving digital transformation process. Choose the right technology & tools.

How to Successfully Implement New Contract Management Software2019-06-04T20:45:23-07:00

How Well Does Your Current Contract Management System Handle Third-Party Paper?

2019-06-04T20:45:32-07:00

September 4, 2017

Capturing the potential value in a third-party contract is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value ...
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Can Your Current CLM System Handle Third-Party Paper?

Capturing value from third-party contracts can be hard for any company. Icertis has developed a powerful platform to simplify contract management issues.

How Well Does Your Current Contract Management System Handle Third-Party Paper?2019-06-04T20:45:32-07:00

Manual vs. Automated Enterprise Contract Management: A Before and After View

2019-06-04T20:45:47-07:00

August 21, 2017

Creating, reviewing, and approving a contract can be a slow process. Automating this process helps organizations accelerate negotiations, improve governance, and enable more efficient authoring. But the real benefits of an enterprise contract management platform come after the contract is created. If contracts aren’t carefully tracked across the entire enterprise ...
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Manual vs. Automated Enterprise Contract Management

The real benefits of an enterprise contract management platform come after the contract is created. Learn more about manual & automated management.

Manual vs. Automated Enterprise Contract Management: A Before and After View2019-06-04T20:45:47-07:00

Streamlining Your Sales Operations with Better Contract Management Software

2019-06-04T20:45:54-07:00

August 15, 2017

For sales teams, the pressure to meet revenue targets never relents. At the same time, contracts have become more complex. With multiple stakeholders connected by an intricate web of interdependencies, contracts often harbor a great deal of hidden risk. How can an organization meet sales goals without increasing that risk, ...
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Streamlining Your Sales Operations with Better Contract Management Software

Streamline your sales operations with better contract management software. Click here to find out more.

Streamlining Your Sales Operations with Better Contract Management Software2019-06-04T20:45:54-07:00

These 4 Risks Are Lurking in Your Contracts

2019-06-04T20:47:25-07:00

August 1, 2017

The average Fortune 2000 company has between 20,000 and 40,000 active contracts at any given time. It is understandably difficult to manage that much information using a manual process. Yet failing to effectively manage contract risk can force an organization to forego millions of dollars in revenue, creating unnecessary risks, ...
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The Four Big Risks Lurking In Your Contracts

Do you know how to balance risk in your enterprise? Learn about risk mitigation and download the Risk Compliance and the Bottom Line whitepaper below!

These 4 Risks Are Lurking in Your Contracts2019-06-04T20:47:25-07:00

Get Smarter about Sourcing with Enhanced RFP and RFI Management

2019-06-04T20:47:22-07:00

August 10, 2017

Managing supplier relationships, obligations and risks in the source-to-contract and the procure-to-pay processes is a significant challenge for procurement organizations. The source-to-contract process begins with the analysis of required products or services and development of a sourcing strategy to acquire those products or services. RFx creation, supplier selection, proposal or ...
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Enhanced RFP & RFI Management for Sourcing - Icertis

Managing supplier relationships, obligations & risks is a significant challenge for procurement organizations. Use the ICM Sourcing App for support!

Get Smarter about Sourcing with Enhanced RFP and RFI Management2019-06-04T20:47:22-07:00

Ensuring Compliance with an Enterprise-wide Contract Management Platform

2019-07-10T07:40:01-07:00

July 19, 2017

Today’s enterprises compete in a global marketplace characterized by uncertainty, complex supply chains, and stringent regulatory requirements. In this kind of business environment, compliance can be difficult to achieve on a consistent basis. “The corporate legal landscape is fraught with an increasingly complex regulatory environment, a never-ending balancing act between ...
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Ensuring Compliance with Enterprise Contract Management Platform

To ensure compliance for today's enterprises, contract management software must offer capabilities in standardization, visibility, user adoption, enterprise-wide.

Ensuring Compliance with an Enterprise-wide Contract Management Platform2019-07-10T07:40:01-07:00

Your Contract Management Software Is Really a Supplier Relationship Building Tool

2019-06-04T20:48:16-07:00

July 14, 2017

When you hear the word ‘contracts’, what do you think of? Closing deals? Generating revenue? Committing to obligations? Managing risk? Contracts are involved in nearly every aspect of operating a global business, and can nurture or degrade critical supplier relationships. Supplier relationships require clear communication and trust – but they ...
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Supplier Relationship Building with Icertis - Icertis

Learn more about how your contract management system can be used as a supplier relationship building tool through Icertis. Read more!

Your Contract Management Software Is Really a Supplier Relationship Building Tool2019-06-04T20:48:16-07:00

Is Your Team Prepared for Contract Renewals?

2019-06-04T20:48:26-07:00

July 7, 2017

Effectively managing contract renewals is essential for healthy supply chain performance. If a contract expires without notice, negative consequences may soon follow. Lapsed contracts can leave procurement teams scrambling to find new suppliers in order to meet customer demands. While timely contract renewals are critical for maintaining efficiency, organizations often ...
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Icertis Software Prepares Your Team For Contract Renewals

Contract management software, like Icertis' ICM platform, can help your team overcome the challenges of tracking and reviewing contracts.

Is Your Team Prepared for Contract Renewals?2019-06-04T20:48:26-07:00

Connecting the Dots Between Poor Visibility and Contract Compliance Issues

2019-06-04T20:48:45-07:00

July 6, 2017

Contract compliance and management have become a critical focus for executives in organizations across the business spectrum. According to the PricewaterhouseCoopers State of Compliance Study 2016, 98% of responding executives said that senior leadership is committed to compliance and ethics, and 89% said that compliance monitoring is a primary area ...
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Linking Poor Visibility & Contract Compliance Issues

How does visibility affect contract compliance? Learn about Icertis' enterprise-wide contract solutions & download a whitepaper about contract compliance!

Connecting the Dots Between Poor Visibility and Contract Compliance Issues2019-06-04T20:48:45-07:00

How Well Does Your Current Contract Management System Handle Third-Party Contracts?

2019-06-04T20:48:53-07:00

July 6, 2017

Managing the complexity of third-party contracts is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value of third-party ...
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Does Your Contract Management System Handle Third-Party Contracts?

How well does your contract management system manage third-party contracts? The answers to the following ten questions are a good place to start.

How Well Does Your Current Contract Management System Handle Third-Party Contracts?2019-06-04T20:48:53-07:00

Enterprise Contract Management: Different Priorities, Same Needs

2019-06-04T20:49:02-07:00

June 28, 2017

Several teams within every large organization handle contracts. But they approach enterprise contract management and creation from different perspectives and with different priorities: Procurement is focused on supplier and supply chain performance, creating efficiencies and maximizing economies of scale where possible. The legal team seeks consistency of contract terms, formats, ...
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Producing Value For Different Contract Management Priorities

Icertis' Contract Management platform meets the needs of all the contract needs on your team, no matter the priority. Download a case study to learn more!

Enterprise Contract Management: Different Priorities, Same Needs2019-06-04T20:49:02-07:00

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