image of document - "Icertis - Enterprise Contract Management for Energy and Utilities"

Enterprise Contract Management for Energy and Utilities

With the Icertis Contract Intelligence (ICI) platform, leading energy companies and utilities are adopting enterprise contract management software to optimize business operations, streamline collaboration, and improve compliance.

Download Datasheet

Trusted by

Contract Management Challenges for Energy Companies and Utilities

Today’s energy companies are globally dispersed and rely on a diverse array of vendors and distributors to compete in a highly regulated marketplace. At their core, these business relationships are governed by contracts.

Ultimately, we find that energy companies and utilities face a broad set of contract challenges that span infrastructure and sourcing, risk/obligation management and collaboration with multiple stakeholders. If left unaddressed, these challenges can put energy providers at a competitive disadvantage, expose companies to serious regulatory compliance risks and lead to dissatisfied customers.

In working with some of the world’s largest energy companies, Icertis has identified a number of common contracting challenges:

  • A lack of visibility into complex contract operations impedes efforts to optimize performance of infrastructure asset management and sourcing, drive energy savings and control costs
  • Client-provider relationships are governed by strict but complex master agreements, raising risk of missed obligations
  • Legacy systems and operational inefficiencies slow deals and cause leakage
  • Fragmented processes and lack of integration between contract management systems and other enterprise systems cause terms negotiated during sales cycle to not be included in final contract

Icertis Solutions for Energy Companies and Utilities

Icertis has implemented enterprise contract management solutions for some of the world’s largest energy companies, leveraging the Icertis Contract Intelligence (ICI) platform combined with our powerful suite of applications.

While the ICI solution is ultimately configured for each customer, our implementations for energy companies typically include:

Icertis’ energy and utility solutions offer unmatched benefits across the entire enterprise. We handle all contract types, have integration adapters for other enterprise systems, and can ensure that companies continue to maximize the value of their contracts long after each one is signed.

Learn More from the Industry Experts

Featured Solutions for Managing Energy and Utility Contracts

Within the ICI product portfolio, these solutions enable energy and utility companies to drive even more value from their contracts.

ICI Sourcing app

Gain complete visibility into sourcing events, with analysis of bids and proposals.

Learn More

ICI Collaboration Portal app

Extend access to ICI for more effective collaboration.

Learn More

ICI Obligation Management app

Significantly reduce risks by improving visibility into, and compliance with, all obligations.

Learn More