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Contract Intelligence Blog
Feb 28, 2022
Bringing Contract Intelligence to the Intelligent Enterprise: How Icertis and SAP Are Taking Our Relationship to the Next Level
Icertis and SAP have enjoyed a strong partnership together since 2020, when the Icertis Contract Intelligence (ICI) adaptors for the SAP Ariba and SAP CPQ solutions were first listed in the SAP Store as Spotlight Apps.
Within a year of Icertis’ listing on the SAP Store, ICI was the No. 1 performing listing among Spotlight partners! To us, this validated the massive value customers saw in deploying Icertis’ market-leading CLM innovations in conjunction with SAP’s best-in-class business systems. We knew we were on to something.
That’s why we’re so excited to be significantly expanding our relationship with SAP into a 360-degree partnership designed to further leverage each company’s technology to deliver even more value to a growing list of joint customers.
SAP and Icertis have a shared vision that CLM is now the fifth system of record in the intelligent enterprise. This partnership will enable our organizations to bring this vision to the market. The partnership, which includes a financial investment in Icertis from SAP, will result in a joint product roadmap and deeper technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance, and AI-powered business insights and automation.
As part of the partnership, Icertis Contract Intelligence (ICI) for SAP Ariba and Icertis Contract Intelligence (ICI) for SAP CPQ are now premium-certified as SAP Endorsed Apps. SAP Endorsed Apps are a category of solutions from SAP’s partner ecosystem that help customers become best-run, intelligent enterprises. Endorsed apps complement and extend SAP products and are meant to deliver value with desired outcomes – quickly, easily, and with support from SAP. The solutions are tested and premium certified by SAP with added security, in-depth testing and measurements against benchmark results.
And this is just the beginning.
In the future, the partnership will deliver integrated value across the enterprise with multiple touchpoints to SAP systems across ERP, finance, procurement, sales and HR.
Critically, SAP customers will have access, through Icertis, to technology that pushes the boundaries of what’s possible with CLM to improve business in ways they never imagined.
At its core, the ICI platform digitizes the contracting process, uniquely extracts the critical structured and unstructured data found in contracts, connects this data to operational systems, and leverages the power of AI to ensure the intent of every contract is fully realized. ICI integration into SAP Ariba and CPQ delivers intelligent contract authoring, automation, and insights seamlessly into supplier and customer processes for better outcomes both before and after the contract is signed.
With ICI integrated into SAP systems, enterprises can connect contract data directly into other enterprise systems to ensure that the intent of every agreement is properly memorialized and fully realized.
We see this as not only a significant milestone for our companies and customers, but a significant step to transform the foundation of commerce. To learn more, visit our SAP partner page or view our listings on the SAP Store
Icertis Remains a Leader in the Q1 2021 Forrester Wave
Icertis has again been recognized as a Leader in the Forrester Wave: Contract Lifecycle Management For All Contracts Q1 2021 report. This is the second consecutive Wave report to recognize Icertis as a Leader. Read the report and learn more about the impact of CLM and why Icertis has been named a Leader.