Category-Defining Contract Intelligence Provider Ranked for its Technology Excellence and Customer Impact
BELLEVUE, Wash., December 16, 2020– Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), today announced it has been named a leader in Quadrant Knowledge Solutions' latest report, "SPARK MatrixTM Strategic Sourcing Application, 2020." Icertis was positioned as a leader in the strategic sourcing application market for its unrivaled sourcing capabilities.
Quadrant Knowledge Solutions is the top-ranked analyst firm in India and gave Icertis strong overall ratings for its technology excellence and customer impact. Built on the analyst-validated Icertis Contract Intelligence (ICI) platform, the ICI Sourcing application places contracts at the center of the sourcing process, automating the entire source-to-contract process. This contract-centric paradigm enables procurement organizations to gain a holistic view of supplier relationships to better manage risk and compliance and drive deeper collaboration. Icertis was praised for offering, "a highly modular and componentized approach to strategic sourcing."
"Seamless integration and interoperability with the organization’s existing technologies are amongst the most crucial factor impacting technology deployment and ownership experience," said the report. Icertis gives users the ability to manage their contracts within the third-party software tools they use. With the ICI Sourcing application, procurement professionals benefit from complete RFx management, Microsoft Excel-based bid evaluation, and selection, multi-round RFx negotiations, and enhanced collaboration with simplified on-boarding and an easy-to-use collaboration portal.
Icertis also received high marks for its robust AI offering and continued commitment to investing in AI. The AI-powered ICI platform pushes the boundaries of what's possible and solves the greatest contract-based challenges. The report showcased Icertis' AI value proposition stating, "organizations can leverage AI/ML-based contract term and clause recommendations for better negotiation, analyze deviations in bid analysis, and initiate contracts post awarding."
"We are honored to be recognized as a leader in the strategic sourcing application market, and we look forward to leveraging our unmatched technology and category-defining innovation in contract-centric sourcing," said Neal Singh, COO, Icertis. "In an ever-evolving business environment, sourcing and procurement organizations must gain a holistic, data-driven view of their suppliers to better compete. The ICI Sourcing application brings all of the ICI platform's capabilities together which can save millions of dollars in leakage and accelerate the buying process, while also improving relationships with vendors."
The report also acknowledged that "Icertis holds a strong customer base, including some of the leading brands across industry verticals such as healthcare and life sciences, manufacturing, CPG and retail, automotive and aviation." Some of the world's most iconic brands and disruptive innovators like Airbus, Auth0, Daimler, Humana, Microsoft, and Johnson & Johnson, among others, trust Icertis to keep their business out in front now and in the future.
Earlier this year, Icertis was named the undisputed leader in the contract lifecycle management (CLM) market in Quadrant Knowledge Solutions', "Market Outlook: Contract Lifecycle Management, 2019-2024, Worldwide" report.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client's business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://quadrant-solutions.com/market-research/.
With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what's possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today, the world's most iconic brands and disruptive innovators trust Icertis to fully realize the intent of their combined 7.5 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries.