Icertis Selected by Airbus to Digitally Optimize Source-to-Contract Process
Airbus selected the Icertis Contract Management (ICM) platform as the source-to-contract solution for its direct sourcing and contracting across its Commercial Aircraft, Helicopters, Defence and Space Divisions. By putting contracts at the center of sourcing, Airbus will now be able to digitally optimize vendor relationships, accelerate commercial negotiations, and increase compliance.
Airbus chose the ICM platform for its strong track record of rapid global implementations and ease of use. The platform’s integrated business processes spanning sourcing and contract management and its ability to easily integrate with existing procurement systems were also fundamental to the company’s decision.
“As Airbus strives to create a better connected, safer and more prosperous world, we needed a transformative approach to contracting that accelerates business velocity while improving compliance,” said Klaus Richter, Chief Procurement Officer at Airbus. “The ICM platform and ICM Sourcing application will allow us to digitally transform our commercial foundation in the supply chain, ensuring best-in-class supplier evaluation, selection, contracting and collaboration – all while reducing supply chain risk.”