ICM Business Applications, built on the Icertis Contract Management (ICM) platform, help customers address specific business requirements and get even more out of their investment in the Icertis Contract Management platform.
ICM Clinical Trial Agreements and Budgeting application
The ICM Clinical Trial Agreements and Budgeting app allows pharmaceutical and life sciences customers to better manage the lifecycle of CTAs, CDAs and ICFs while tracking trial budgets. The app enables deeper collaboration with CROs and Service Providers through an online portal, allowing easy management of all outsourced activity. Budget-tracking capabilities help capture and track budgets on studies and research and integrate with financials and CTMS solutions to drive visibility.
ICM Collaboration Portal application
The ICM Collaboration Portal app extends controlled access to the ICM platform to outside organizations for more effective collaboration throughout the contract lifecycle. It enables secure communication with suppliers, customers and partners that is more efficient than traditional communication methods such as email. Third parties are granted access to their contracts online so they can submit contract redlines, review their contracts, upload compliance documentation, get alerts, and update obligation assignments – all without leaving the easy-to-use portal.
ICM GDPR Compliance application
The ICM GDPR Compliance application helps you identify non-compliant contracts, create data protection addendums (DPAs) that ensure compliance for data processors, and tracks data processor obligations to ensure comprehensive GDPR compliance across the entire contract lifecycle. It also provides Data Protection Officers (DPOs) with a DPO Dashboard that monitors non-compliant contracts and data processors across geographies and contract types.
ICM Obligation Management application
The ICM Obligation Management application enables companies to better manage their commitments and to realize the full value of their entitlements. This helps optimize business performance, and protects organizations from reputational, commercial and financial risks. Built on the Icertis Contract Management (ICM) platform and infused with artificial intelligence, the new app transforms how organizations identify, create, manage and fulfill obligations that were previously hidden in complex contract language. The app includes automatic obligation discovery, powerful rule-based obligation ownership, workflow tools to ensure seamless obligation fulfillment, and sophisticated analytics – all designed to protect your business and maximize the ROI of your relationships.
ICM Sourcing application
The ICM Sourcing app places contracts at the center of the sourcing process to ensure compliance, minimize risk, and create long term strategic agility. Get full visibility into supplier’s risk profile and ensure compliance throughout the procurement process. Leverage AI/ML based contract terms and clause recommendations to better negotiate RFx events and surface opportunities for savings. Perform side-by-side analysis of bids or proposals, and score them with both qualitative and quantitative criteria. Get a complete view of your relationship with suppliers including current and past contracts, historical performance and complete risk profile for a unified view for sourcing events.