Risk Management and Compliance
Realize the maximum value of contracts with compliance tracking and integration across enterprise systems. Identify and manage risk throughout the lifecycle with proactive insights on risk and compliance.
Cross-Agreement Relationships Management
The Icertis platform creates rule-based relationships between contracts (e.g. MSA-SOWs) to better enable compliance-related activities, such as the enforcement of terms and roll-ups of SLAs and financials. Smart Links help users quickly understand the context around every project and agreement. This holistic view helps to reveal complex dependencies, track potential liabilities, link buy and sell contracts, increase visibility across the value chain and drive alignment of terms.
Achieve the full potential of negotiated contracts through better enforcement of commercial terms. The Icertis platform captures the commercial terms of products and services, prices, discounts, rebates and incentives in a structured form, integrate that data with enterprise systems and help enforce terms. Workflows ensure a review process to assess compliance before posting to financial systems for settlement.
Obligation and Commitment Management
Achieve better compliance for contract commitments by identifying, capturing, assigning and tracking completion of tasks assigned to business owners—even with commitments involving third-party paper and complex commitments, such as those with multiple owners or across regions or business units. Users can easily create commitments in the web interface or Microsoft Word, and commitments can also be auto-created and assigned to owners using rules.
Contract Risk Management
Identify and manage risk throughout the contract lifecycle. A configurable risk model helps track risks across different categories, such as financial, contractual, performance and third party. Look up and leverage internal data as well as external data, from sources such as D&B and Thomson Reuters, to determine risk scores, ensure proactive risk monitoring and increase visibility for stakeholders.