NEW REPORT: The State of CLM and AI-Powered Contract Intelligence

Icertis Again Named Winner by LegalTech Breakthrough for Contract Management 

Icertis has been named the 2023 “Contract Management Solution Provider of the Year” by LegalTech Breakthrough, further cementing Icertis’ position as the leading provider of AI-powered contracting technology to the market. LegalTech Breakthrough conducts the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the legal technology industry. Its award program is highly competitive, with this year’s program attracting more than 1,500 nominations from across the world. 

This is the second consecutive year Icertis has been recognized by LegalTech Breakthrough and continues a monumental year for the company. In addition to being recognized by Gartner, IDC, and Spend Matters as a leader in the CLM space, Icertis this year introduced generative AI to enterprise contracting with the release of Icertis Contract Intelligence Copilots. The Icertis Copilots are today being used by some of the world’s largest organizations to drive a step-change in legal efficiency, surface insights that power bottom-line results, and identify and mitigate business risk during the contracting process. 

"Having a single, self-service, automated contract management system eliminates ‘shadow processes’ behind the scenes and enables our lawyers to focus on matters that advance our mission of helping people build families and live better lives.” 

“For well over a decade, Icertis has applied the most advanced technologies available to help our customers transform what’s possible with contracts,” said Bernadette Bulacan, Chief Evangelist, Icertis. “Our generative AI solutions build off a long track record of AI-powered contracting, which we combine with enterprise integrations to connect data across the enterprise and automate contract-driven business processes.”

Legal users of the Icertis Contract Intelligence (ICI) platform report faster, more efficient, and more compliant contract processes that can scale across even the largest, most complex global organizations. With contract intelligence, legal decision-makers can address challenges for their business with greater agility, leveraging data and AI to inform future strategies that drive revenue while reducing costs.

Sheila Dusseau, Head of Global Legal Operations at pharmaceutical leader Ferring, recently shared how Icertis is helping her legal team drive efficiencies and reduce risk across the enterprise: “Every ICI user, from R&D lab manager to marketing officer, can create a contract with guided workflows that ensure controls are in place. Having a single, self-service, automated contract management system eliminates ‘shadow processes’ behind the scenes and enables our lawyers to focus on matters that advance our mission of helping people build families and live better lives.”

To learn more about how Icertis is applying AI to help legal teams reduce contract review time by 40% or more, visit our Icertis Risk Assessment Copilot product page.