Transurban Chose Icertis to Transform Its Source-to-Contract Process

With the Icertis Contract Management (ICM) platform, passenger and freight transportation companies can accelerate and optimize commercial relationships with their customers, partners and suppliers while improving compliance.

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Contract Management Challenges for Transportation Companies

Modern passenger and freight transportation companies compete in a heavily regulated business environment and rely on complex partner and customer programs to ensure quality service and loyalty. They also manage complex supply chains to procure the goods and equipment necessary to fulfill their mandate. And contracts underpin this entire industry.

If left unaddressed, these challenges have the potential to lead to dissatisfied customers, costly non-compliance, and higher procurements costs.

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

  • Fragmented contract management practices make compliance with government regulations difficult, especially in scenarios where multiple jurisdictions may come to bear
  • Public-private partnership scenarios carry increased scrutiny into business operations and corporate governance
  • Manual workflows and data entry make management of complex interlining agreements, loyalty programs and other ongoing commercial agreements time-consuming and error-prone
  • Purchasing and maintaining equipment like airplanes, locomotives and ocean-liners require complex supply chains, with purchase terms captured across thousands of contracts
  • A lack of integration between contracts and other systems hinders enforcement of terms that are contingent on market forces—such as the price of fuel
  • Legacy contracts dating back decades can be impossible to locate in case of a legal dispute

Icertis Solutions for Transportation

Icertis has implemented Contract Lifecycle Management (CLM) solutions for some of the world’s largest transportation companies, leveraging the ICM platform combined with our powerful suite of applications.

While the ICM solution is ultimately configured for each customer, our CLM for transportation capabilities include:

Icertis’ transportation 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.

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Interested in digital transformation across your company? Icertis partner CloudMoyo’s Rail Transportation Management (CRTM) suite empowers railroads to digitalize their core operations, revenue functions, and asset and crew management processes. Powered by a sophisticated optimization engine, intelligent algorithms, advanced analytics and AI/ML, CRTM offers enterprise-wide operational visibility to streamline operations, reduce costs, and drive efficiency as railroads look to accelerate digital transformation within their companies.

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Featured Solutions for Managing Transportation Contracts

Within the ICM product portfolio, these solutions enable transportation companies to drive even more value from their contracts.

ICM Sourcing app

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

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ICM Collaboration Portal app

Extend access to ICM for more effective collaboration.

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Seamless CRM Integration

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