Spend Matters has recognized Icertis as a Value Leader in the CLM SolutionMap for four consecutive years and recently named Icertis as a “50 to Know” organization, distinguishing the company as one of the 50 technology providers delivering enterprise-level solutions to drive better procurement outcomes.
The Icertis Contract Intelligence (ICI) platform was recognized for its ability to mitigate risk and support data-driven decisions for legal teams by extracting critical structured and unstructured data within contracts, connecting the data to key systems of record, and harnessing AI's power to ensure every contract's intent is fully realized.
Traditional contract lifecycle management (CLM) tools focus on improving document workflows. However, Icertis seeks to take the field to the next level with contract intelligence that uses artificial intelligence (AI) and machine learning (ML) to automatically extract contract data at scale.
The funds will enable Icertis to further extend the company’s leadership position in the burgeoning CLM category by accelerating the application of transformational technologies like artificial intelligence, machine learning, and Blockchain to deliver material, unique, and consequential value to customers.
Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), today announced that Ferring Pharmaceuticals’ contract management process transformation has enabled its legal teams in Denmark, Switzerland, U.S., and other countries, to handle increasing volumes of agreements, reduce contract cycle times, improve compliance with company policies, and generate data for continuous improvement of the contracting process.
For the sixth year running, Icertis was selected as a “Spend Matters 50 to Know” organization, recognizing Icertis as one of the 50 technology providers delivering enterprise-level solutions to drive better procurement outcomes.
Last week, Icertis hosted a customer gathering in New York City—the first time we’ve held an Icertis Connect event in NYC since before the pandemic. It was so energizing to be face-to-face again sharing learnings and best practices, and I couldn’t help but reflect on what’s changed since that last meetup in 2019.
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