KPIT’s acquisition of several other firms led to a substantial rise in the number of contracts the company had to manage. With their consulting business distributed across the globe, the sudden volume of contracts caused a myriad of issues. There was no reliable method of enforcing contracting standards. Accuracy depended on individual diligence, increasing the chance of invoicing errors. Managing compliance with a time-intensive process.

The Icertis Contract Intelligence (ICI) platform consolidated all of KPIT’s contracts into a single repository. This enabled them to centralize the enforcement of contracting standards, while still allowing regions to modify templates based on their unique requirements.

The transition to the new platform was seamless. There were no major business disruptions during implementation. And due to the easy-to use  interface, only minimal training was required. The new platform & contract management software delivered a range of benefits. By standardizing on critical clauses, KPIT was able to enforce deviation approvals.