“Software firm Icertis which provides enterprise contract management in the cloud to enterprise businesses is doubling down on the Asia Pacific region driven largely by India.
The firm which counts IT giants like Infosys, Wipro, Genpact, Cognizant as also Lupin and Mindtree amongst its clients in India is looking to widen its clientele in the country for which it is in talks with leading firms in the banking, manufacturing and pharma industries.”
“The Supply Chain Matters blog continues to highlight current signpost examples in the deployment of artificial intelligence, predictive analytics, and other advanced technologies in the evolution toward supply chain digital transformative process capabilities.
As an end-to-end supply chain management blog focused on business process and technology, we field a lot of questions related to viability of machine-learning (ML) and artificial intelligence (AI) or overall digitally based information architecture strategies applied to enhancing various supply chain decision-making processes. Some rightfully question whether this is more vendor hype or whizz-bang technology seeking a solution.”
“The pharmaceutical industry is undergoing a period of rapid change. Merger and acquisition activity is high, regulations are becoming more stringent, and companies are forced to be evermore focused on cost. Regulation challenges were recently made more complex by the introduction of GDPR and uncertainty in Europe around Brexit.”
“As of Q3 2018, Spend Matters SolutionMap provides functional and customer satisfaction benchmarks for more than 50 software providers within the procurement, finance and legal technology sectors. To date, we have rated 13 providers for the contract lifecycle management (CLM) benchmark. Not every provider, however, has yet appeared in the CLM SolutionMap ranking charts and SolutionMap Insider subscription publications, because some are simply too far off the functional mark to make the cut.”
“Bellevue-based Icertis announced on 17 October that it has been selected by Airbus to implement its digital transformation solutions across the aerospace manufacturer’s global supply chain
The firm, a leading provider of cloud-based enterprise contract management, will leverage the Icertis Contract Management (ICM) platform and the ICM Sourcing application to develop Airbus’s source-to-contract solution across its various divisions.”
“Icertis has announced that Australian Unity has selected Icertis to transform the management of its contracts. Australian Unity is a leading national health, wealth and living mutual company founded more than 175 years ago. It offers a diverse range of services and signs a large volume of contracts every year.
Australian Unity selected the Icertis Contract Management (ICM) platform to shift the focus from signing and storing to actively using contracts for greater benefit. As companies are realising, contracts should be living documents that can help generate both insights and income. Instead, they are often left languishing in a filing system or cupboard and only referred to at the renewal stage.”
“With all this overuse the general public is becoming AI intolerant now, says Monish Darda, CTO of Icertis. He’s a purist who offer genuine artificial intelligence based on a deep process of machine learning and data science. Understandably, he’s appalled at all the posers parading around these days, showing off their unearned medals.
Darda’s intelligence (he attributes it to serendipity) is obviously the genuine article because people keep buying the companies that he’s involved in. Websym Technologies was ahead its time, Storability was bought by Sun Microsystems and Blade Logic provided the server management leader that BMC Software had to acquire.
At Icertis Darda and co-founder, Samir Bodas seem to have anticipated the next big wave and put aboard in place in anticipation of a massive swell of energy in enterprise contract management”
“Icertis, the leading provider of enterprise contract management in the cloud, has announced that MODEC, a leading specialist of floating production systems for the offshore oil and gas industry, has selected the Icertis Contract Management (ICM) platform to replace their manual contract management processes in Ghana with an enterprise-wide solution.”
“Icertis has announced two new applications powered by Artificial Intelligence for the Icertis Contract Management (ICM) platform: ICM DigitizeAI and ICM DiscoverAI. The new applications leverage the Microsoft AI services from the Azure platform to leverage the data found in contracts.
ICM DigitizeAI imports legacy contracts and maps attributes and clauses contained therein. This allows better analysis of contracts, mapping similarities and identifying variations between clauses.
ICM DiscoverAI analyses the data collected and matches clauses and attributes found in every clause to common clause libraries. It enables business to identify non-standard and key contract clauses during the contract review process.”
“The ICM GDPR Compliance App automatically identifies contracts that are not GDPR compliant, creates the appropriate Data Protection Addendums and routes them for approval.
It also assesses whether new contract drafts fall under the regulation before inserting the appropriate data privacy terms and clauses, monitors contractual commitments and tracks data processor obligations.”
“Whether through custom configuration solutions like PROS Configure Price Quote (CPQ), or streamlined contract management through Icertis Contract Management, these opportunities enable businesses to get the most from their IoT investment and customer interactions.”
“Tech company Icertis, which recently closed on a $50 million round of venture capital, plans to open an office in the Minneapolis-St. Paul area. The Bellevue-based startup wants to be closer to clients, including manufacturing giant 3M Co.”
“Icertis, the Seattle, Washington-based provider of contract management solutions in the cloud, received $50 million in Series D funding from Meritech Capital Partners, as well as PSP Growth and Cross Creek Advisors. The latest investment brings their total investment to $96 million. With its Series D Funding, Icertis plans to invest in integrating AI capabilities within its Icertis Contact Management (ICM) platform’s risk management, compliance, and revenue optimization tools in order to enable end users to become more agile, proactive vis-a-vis contract and supplier risks.”
“Samir Bodas, co-founder and CEO of Bellevue-based Icertis, thinks the contract-lifecycle management industry his company serves could become as large as the customer-relationship management industry that propelled Marc Benioff into the Salesforce Tower. He just raised $50 million in additional funding to prove that theory.”
– Tom Krazit, GeekWire
“Business travel payments provider Lufthansa Airplus announced Wednesday it had selected Icertis to manage the contracting foundation of its global sales operation, according to a press release. ‘The Icertis Contract Management platform will accelerate a process that used to take weeks thereby improving revenue recognition, gaining efficiency and delighting our customers,” said Spencer Hanlon, chief operating officer at AirPlus International. “The ICM platform equips our team with an intelligent, enterprise-wide solution that allows us to optimize our commercial relationships and speed time to revenue.”
– Nick Heinzmann, Spend Matters
“Bellevue software company Icertis has pulled in $50 million from investors and added a board member who previously invested in Facebook and Salesforce. The latest financing round brings Icertis’ total funding to $96 million since it was founded in 2009. Icertis develops cloud-based software that helps companies manage contracts — letting them create, sign and validate contracts with suppliers, from large vendors to caterers.”
– Rachel Lerman, Seattle Times
“Cloud-based enterprise technology startup Icertis has mopped up $50 million (about Rs 321 crore) in its fourth round of fund raising, as the Seattle and Pune-based contract management software provider looks to expand its presence across the globe and delve further into artificial intelligence.
The latest round has been led by Meritech Capital Partners, the growth-stage investment firm that has also backed social media and technology giant Facebook and software powerhouse Salesforce, among others, with PSP Capital Partners and Cross Creek Advisors also participating.”
– Biswarup Gooptu, Economic Times
“Icertis, the provider of enterprise contract management in the cloud, has announced that Lufthansa AirPlus, a provider of payment solutions for the day-to-day management of business travel, has selected the Icertis Contract Management (ICM) platform to serve as the contracting foundation for AirPlus´ digital transformation of its global sales operations. Because contracts are foundational to commerce, the ICM platform is a core element of AirPlus´ effort to transform its lead-to-cash process to more aggressively compete in the rapidly moving financial services market. The ICM platform will increase contract velocity for the company´s field sales team, decrease operating costs, ensure global compliance, and speed time to revenue.”
– Gulli Arnason, Financial News
“Icertis, provider of enterprise contract management in the cloud, has released an app that ensures contracts between data controllers and data processors meet Europe’s strict new information security guidelines. ICM GDPR Compliance app works with legacy contracts, using AI-enabled tools to identify problems with contracts and provide the appropriate Data Protection Addendum (DPAs) and routes for approval and execution. As new contracts are drafted, the app assesses if they fall under GDPR regulations, and appropriate European commission-approved data privacy terms and clauses based on predefined rules.”
– Kat Powers, CabinetM
“There were 33 different vendors cited as those used by the 84 companies that said they do have a contract management system. Six vendors account for 58 per cent of the market share among respondents with a contract management system. In the top five were Apttus, Ariba, a custom or homegrown system, SpringCM and Icertis with Salesforce in sixth spot.”
– Jennifer Brown, Canadian Lawyer
“Icertis is a contract management software designed to make project management an automated process. Companies operating on a contractual basis with their clients have thousands of moving parts. With some contracts spanning an entire year, managing and fulfilling all obligations is a huge task. Icertis automates that all by tracking crucial elements of the contract and syncing it with project management information. Instead of scanning through page after page of data, it’s all itemized with Icertis’ platform.”
– James Paine, Inc.
“Spend Matters tracks CLM solution providers today — primarily from the “buy side” (i.e., procurement and supply chain), but also select best-of-breed enterprise CLM providers that can meet complex buy-side needs and broader enterprise requirements. This inaugural solution analysis features many of the largest providers, including source-to-pay application suite vendors BravoSolution, Determine, GEP, Ivalua, Jaggaer, SAP Ariba, and Zycus — as well as two best-of-breed CLM leaders, Exari and Icertis. This report provides details on the key CLM requirements and buying considerations for this critical area.”
– Analyst Team, Spend Matters
“Icertis, a Bellevue, Wash.-based startup that offers cloud-based contract management services, announced the addition of former Microsoft group health leader Tami Lamp, who will serve as the company’s Chief People Officer. Lamp spent over nine years in Microsoft’s HR leadership and also most recently served as the EVP of human resources at Group Health.”
– Clare McGrane, GeekWire
“We recently participated in a webinar with Icertis, the contract life-cycle management (CLM) cloud solution provider. It was titled “Accelerating Time to Value with Icertis Contract Management”, but really it provided an overview of CLM thinking, the latest technology developments and the benefits that can be obtained through a structured approach to CLM. If you missed it live, you can catch the webinar now on demand here.”
– Peter Smith, Spend Matters
“Icertis announced that global automotive and vehicle manufacturer Daimler AG recently went live with the Cloud-based application in what is described as record- time. We were informed that this deployment was characterized as 80 percent faster than Daimler’s historic software installations. A legacy Lotus Notes software technology supported the former contract management processes. The new Icertis-based application leverages the Microsoft Azure Cloud platform and integrates to the auto manufacturer’s other backbone customer support systems. The new application also leverages cognitive analytics to speed the migration of contracts.”
– Bob Ferrari, Supply Chain Matters
“As the manufacturing sector undergoes digital transformation, poorly integrated ERP systems will soon be a thing of past, driving ERP vendors to reinvent…Nagi Prabhu, chief product officer at Icertis, a provider of contract management software in Bellevue, Wash., said that to determine if ERP systems are meeting the digital transformation needs of manufacturers, it’s important to first figure out why digital manufacturing is happening in the first place.”
– Linda Rosencrance, SearchERP
“What are you doing next Wednesday (13th September)? Well, if you have any interest in contract management, you might like to spend the first hour of your working day from 9 am to 10 am (for UK readers anyway) taking part in a webinar with Icertis and Spend Matters. It is titled “Accelerating Time to Value”, and will look at how organisations can get real benefits – and quickly – from contract management technology solutions.”
– Peter Smith, Spend Matters
“New revenue recognition rules issued by the Financial Accounting Standards Board (FASB) in Revenue from Contracts with Customers (ASC 606) are scheduled to take effect over the next two years. But with just a few months to go until public companies are required to make the switch, the majority are dragging their feet. The 2016 PwC Revenue Recognition Survey revealed just how unprepared some businesses are.”
– Samir Bodas (Icertis), Today’s General Counsel
“According to the company, global healthcare leaders including Abbvie, Roche, and BD are also using its Contract Management (ICM) platform to help consolidate and manage contract lifecycles. ‘Icertis’ pharmaceutical customers are using the ICM platform to accelerate contracting velocity, increase visibility through a single, easy-to-use enterprise wide contracting system and ensure compliance,’ said Prabhu.” – Melissa Fassbender, Outsourcing-Pharma
“We are half-way through 2017 and it’s time to take stock of the hottest startups so far this year. For that we turned to Pitchbook, the website that tracks financial investments. Pitchbook sifted through its vast database to uncover the 383 startups that received funding so far in 2017 and that sell products or services to businesses, aka enterprise startups…No. 18: Icertis, 2.88X more valuable.” – Julie Bort, Business Insider
“Call it the app phenomenon. Much like our personal relationship with the Internet is driven by specific applications on our mobile devices and our desktops, the trend in the digital procurement arena is for very specific software applications that either supplement, or replace, complex ERP systems. Rapidly changing technologies, coupled with an evolution in digital procurement, forces procurement organizations to stay on the cutting edge of available technologies that help them do their jobs.” – Rich Weissman, SupplyChainDIVE
“Compliance will mean more than simply implementing new software. It will also require you to, “Inventory all contracts for revenue recognition requirements, match the revenue with expenses for the cost of goods sold, identify elements of contracts that will matter to this, and analyze obligations for performance,” according to Dan Kaltenbach, CFO of Icertis a company that specializes in automating the contracts effort. That’s the short version, too. – Denis Pombriant, Diginomica
“Technology outsourcing company Wipro has selected the Icertis Contract Management (ICM) platform to ensure uniformity across buy and sell-side agreements and manage contract risk. Icertis, a provider of enterprise contract management in the cloud, said Wipro will gain from main features such as intuitive user interface, strong system performance, scale to support contracting around the globe.”
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“Cloud-based contract management firm Icertis plans to strengthen its presence in Europe this year, followed by the Asia-Pacific region in 2018. The Seattle-headquartered firm, which recently raised Series C funding of $25 million led by Capital B Group, has set up an office in Stuttgart and will add offices in Frankfurt, Paris, Stockholm and London over the course of the year.”
– Priyanka Sangani, Economic Times
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“Cloud-based enterprise software firm Icertis raised $25 million (Rs 175 crore) in Series C funding led by B Capital Group, the company said in a media statement. Existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures also participated in this round, the statement added. The company will use the funds to accelerate R&D investment and is looking to double its workforce in its offices in Seattle, San Jose, Pune and Stuttgart.”
– Nishant Sharma, Bloomberg Quint
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“Icertis, a provider of enterprise contract management in the cloud, has announced $25 million in Series C funding, bringing Icertis’ total funding to $46 million. Taking a holistic approach, Icertis helps global Fortune 500 enterprises mitigate compliance risks due to improper contract management – an issue that, the company contends, will only grow for global enterprises as scrutiny of contractual relationships with international customers, employees, suppliers, and partners increases.”
– Joyce Wells, KM World
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“Bellevue cloud software company Icertis has raised $25 million from investors, less than a year after the firm pulled in $15 million in funding. Icertis makes software that helps companies track contracts across all departments, whether they are deals with large vendors or for office supplies. The company, led by Microsoft veteran Samir Bodas, plans to double its workforce this year, growing from 300 to at least 600 people.”
– Rachel Lerman, The Seattle Times
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“Startups the likes of Icertis have been progressively using machine learning and artificial intelligence to advance [contract management, compliance and regulation] to a new level. Icertis has been using chat bots and automated alerts to help manage vast swaths of contracts.”
– Olga Razumovskaya, The Wall Street Journal
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“Icertis had upgraded its Clinical Trial Agreement and Budgeting solution – which the company says can reduce contract cycle times by up to 80%. Nagi Prabhu, Chief Product Officer at Icertis, told us the upgrade to the Icertis Clinical Trial Agreement and Budgeting solution consolidates the contract lifecycle workflow and enables tracking of trials and visibility into their financial performance. The upgrade also includes multi-lingual trial agreement clause language and templates to support global operations.”
– Melissa Fassbender, Outsourcing-Pharma.com
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“Clinical trials are a massive, often global undertaking that can suck up years and tens of millions of dollars. The good news? There are plenty of areas for improvement and streamlining… Enterprise contract management involves streamlining and systematizing the different contracts and related documentation required for a clinical trial (or any other large-scale project for that matter). Icertis manages this through a single platform with an emphasis on “contract intelligence.” In other words, the user can access and analyze the documents at any point for risk reports, obligation tracking and more. The information becomes a tool, not a dead-end filing cabinet. The platform is well-suited to working at scale, having won over the likes of Roche, Becton Dickinson and AbbVie, along with dedicated CROs.”
– Juliet Preston, MedCity News
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“Icertis, Yellow Messenger, Vymo, OYO Rooms, Enlightiks, Tarnea, Precimetrix and others are on the long-list of 2,000 plus startups that have adopted Microsoft cloud and infrastructure services in past 12 months… Icertis, one of the largest ISVs on Microsoft Azure cloud in India has expanded its SaaS platform using Microsoft’s India datacentres. It has over 750,000 users and manages more than 2.5 million contracts across 90 countries in 40 languages on the Icertis Contract Management (ICM) platform, which also includes top companies like Cognizant, Airtel, MindTree, Genpact and Lupin.”
– Pankaj Maru, Economic Times CIO.com
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“Daimler AG has selected the Icertis Contract Management (ICM) platform built on Microsoft Azure as the platform of choice to launch the redesign of its worldwide procurement. Icertis provides enterprise contract lifecycle management in the cloud. In the rapidly changing world of auto manufacturing, procurement teams are at the forefront of transforming their supply chains. To meet this challenge, Daimler is overhauling the procurement process for its 400,000 suppliers.”
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“…the basics of AI and its relevance to Contract Lifecycle Management (CLM) so that practitioners can derive greater commercial intelligence from their contracts and set themselves up for the coming innovation in this exploding area…”
- Part 1: Considerations for Practitioners
- Part 2: Knowledge Representation
– Pierre Mitchell, Spend Matters
For Nagi Prabhu, chief product officer at Icertis, a provider of contract management software based in Bellevue, Wash., a procure-to-pay system is only as good as the contracting system that is associated with it.
“If the contract solution is not robust enough, the procure-to-pay solution just becomes a process organizer and doesn’t really provide a lot of benefits,” he said.
– Linda Rosencrance, TechTarget Search Financial Applications
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At the Icertis customer advisory board meeting, we dug into when companies hit the “breaking point” that caused them to adopt a CLM solution.
“… the primary reason companies decide to look into CLM solutions is the same reason they typically take an interest in risk management technologies: they get burned. Most organizations don’t take action until they’re hit by an event, whether that’s a tsunami or a a broken contract.”
“Today’s off-the-shelf nature of delivery and immediate ROI is going to become too obvious to ignore. Also: dashboards and diagnostics tying to dollars, where you can actually show senior management how much is at risk based on specific data.”
– Sheena Smith, Spend Matters
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Salesforce’s acquisition of Steelbrick caused a tectonic shift, the ramifications of which are still being felt.
“… Nagi Prabhu, the guy who led the product development and management of Apttus’ entire quote-to-cash (Q2C) suite of products, (which is its primary revenue driver) has jumped ship to yet another player in the space, Icertis.”
“I sat down (well, sat down via email and with the help of an awesome PR intermediary) to quiz Prabhu on his decision to leave Apttus, and his focus at Icertis as the newly minted chief product officer.”
– Ben Kepes, ComputerWorld
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Speak, a premier news magazine focused on retail, hospitality and consumer focused businesses, featured Icertis EVP Anand Veerkar in its latest issue. The article discusses technology solutions used by modern enterprises in the retail industry to streamline their supply chain. Anand emphasizes the importance of having the right transportation strategy and the role of cloud-native solutions like the Icertis Transportation Management (ITM) in helping retailers with their entire transaction lifecycle.
September 3, 2015: In an interview with TechStory , Samir Bodas, CEO & Co-Founder, Icertis, begins the conversation with an interesting suggestion for all startups, “To build a successful company, you either need to create a wave or ride on a wave,” . Samir was smitten by the entrepreneurship bug in 2002 when he started his first company called Disha Technologies . The company was later acquired by Aztecsoft Ltd. which was acquired by MindTree in 2009 when Samir decided to exit from the company. Having worked in the startup industry for so long, Samir found himself resisting the idea of going and working in the corporate world and started looking for his next idea to work on. Around the same time, his friend Monish Darda, also a serial entrepreneur, was looking to exit his company and to start a new company.
Please click here to read the complete article.
April 12, 2015: Are entrepreneurs born or made? Samir Bodas, CEO and co-founder of Icertis speaks his thoughts on what it takes to be an entrepreneur. “Those that are born to succeed as entrepreneurs are few and often end up changing the world, the rest find success through hard work, mentoring, hands-on learning and a good amount of luck. A great education and a distinguished career provide a solid foundation, but there’s no substitute for the entrepreneurial experience of trial and error.”
To read the complete article in The Financial Express, please click here
March 16, 2015: Entrepreneurship is a bit like swimming. You cannot keep on talking, planning and thinking. At some point, you need to take the leap to get started, and then you discover whether you are made for it.
In this article Monish Darda, CTO & Co-Founder, Icertis expressed his personal views on entrepreneurship and his journey so far as an entrepreneur.
To read the complete article in EntrepreneurIndia.com, please click here
Pune, January 28, 2015: In an interview with CIOL, Anil K. Patwardhan, Sr. VP & Head – Corporate Finance & Governance, KPIT, shares how implementing Icertis Contract Management has made their contracting process tighter and smoother than before, with less aberrations, a better audit tracking and contract turnaround times.
To view the complete interview please click here
January 02, 2015: In an interview with SME World, Samir Bodas, CEO & Co-Founder, Icertis, discussed the company’s cloud native products and services and his vision to capture enterprise cloud space.
“The world has seen three major revolutions – the agricultural revolution, the industrial revolution and the digital revolution. We are now in the midst of not one but four such revolutions simultaneously, with the four SMAC trends having gone mainstream at the same time! All four have evolved separately, but interestingly, are rapidly converging to affect human life as never before; says Monish Darda, CTO & Co-founder, Icertis, a start-up that sells ERP surround software on cloud.”
To read the complete article, please click here
December 9, 2014: Free food and an open kitchen, stacked with a range of food, snacks and drinks, were heard of in companies like Facebook, Google and Yahoo, but were unheard of in small and mid-size Indian companies.
“But in India, we are starting to see some companies – especially tech companies – who believe that letting employees choose from a range of quality food and snacks, without burning a hole in the employee’s pockets, actually brings a huge happiness quotient which many capital-intensive employee engagement strategies are not successful at bringing in.
To read the complete article on timesjobs.comclick here
December 8, 2014: Enterprises are slowly finding their way towards the effective adoption and use of these powerful disruptions – Social media, Mobile communication, powerful predictive and prescriptive Analytics and the power, flexibility and cost effectiveness of the Cloud. Scenarios that were not possible before are becoming a reality.
“The world has seen three major revolutions – the agricultural revolution, the industrial revolution and the digital revolution. We are now in the midst of not one but four such revolutions simultaneously, with the four SMAC trends having gone mainstream at the same time! All four have evolved separately, but interestingly, are rapidly converging to affect human life as never before; says Monish Darda, CTO & Co-founder, Icertis, a start-up that sells ERP surround software on cloud.
December 5, 2014: Traditionally, enterprises have been particular about the attendance of their employees, strictly monitoring the in and out time. But two Indian tech companies are changing these rigid industry norms.
“SAP Labs and Icertis are examples of two Indian companies who do not have a policy of attendance cards to monitor the presence or absence of employees on the campus. Though this might sound too ‘liberal’ a policy, which might be subject to misuse, but the HR heads of these two companies vouch that there have been absolutely no case of misuse by employees.
To read the complete article on timesjobs.com, please click here
October 28, 2014: Icertis, an Independent Software Vendor specializing in ERP solutions over cloud is increasingly using Big Data to build its software services for enterprises across the globe. In an e-mail interaction with InformationWeek, Monish Darda – CTO & Co-Founder, Icertis, discusses value proposition of Big Data for Independent Software Vendors.
“Icertis Big Data analytics has helped discover pricing trends, supplier financial health and the risks associated with a particular buying pattern. This helps customers better negotiate prices and terms, at the same time mitigate procurement risk”, says Monish Darda, CTO & Co-Founder, Icertis.
To read the complete article on Information Week, please click here
October 17, 2014: From our experience we knew that to build a successful venture an entrepreneur has to either create a wave or ride an existing one. We are at the forefront of innovation with born-in-the-cloud enterprise applications”- says Samir Bodas, CEO & Co-Founder, Icertis, a start-up that sells ERP surround software on cloud.
To read the complete interview of Samir Bodas in Technuter.com click here
October, 2014 : The web and the Cloud are bringing BigData everywhere, extensively changing the world of enterprise software. The multi-million, multi-year IT projects are giving way to full-featured and robust enterprise software which are quick to implement, flexible to change and easy to use.
New- age enterprise solution providers like Icertis are already taking advantage of the power of disruptive technologies to create innovative products and rapidly adding Fortune 100 companies to their customer landscape.
With the world’s total data doubling every two hours and the BigData industry estimated to be about $100 billion, BigData has opened doors previously unimaginable, says CTO & Co-founder, Icertis, a start-up that sells ERP surround software on cloud.
To read the complete interview of Monish Darda in Small Enterprise India click here
August 12, 2014: Do LOBs really sidestep IT? They certainly have more reasons for doing so. According to CIO Indias Mid-year Review 2014 survey, the incidence of lines of business bypassing IT departments is going up despite the fact that IT departments are trying to work more closely with them. One in every six Indian CIOs report that LoBs are directly funding new IT projects.
While CIOs are part of the conversations, they come at a much later stage, says Samir Bodas, CEO & co-founder, Icertis, a start-up that sells ERP surround software on cloud.
To read the complete interview of Samir Bodas in ChannelWorld click here
September 8, 2014: Over the years, companies have acquired various applications to run their business. Starting with accounting and financial systems, these went ahead and implemented ERP and then jumped into CRM and many others like SCM, HRM along the way. In an exclusive interaction with CXOtoday, Samir Bodas CEO & Co-founder, Icertisexplains how the emergence of cloud and big data are opening up tremendous opportunities in the ERP surround applications space.
To read the complete article on CXOToday, please click here
May 19, 2014: What are the temptations that can make a cloud strategy come back and bite you? We live in an exciting age, it is not enough to have a cloud computing wave going; there are other disruptions. SMAC Social Media, Analytics and Cloud have become powerful tools of the modern business. In this Information Week article, Monish Darda, CTO at Icertis, takes a deeper look at the pitfalls and myths of cloud adoption.
January 22, 2014: As the Indian enterprises are looking at cloud technology to fuel their business growth, the cloud software vendors are coming up with products and services addressing specific enterprise business needs by fully leveraging the cloud’s elasticity, ubiquity, and availability.
Enterprise Channels spoke to Monish Darda, CTO and Co-founder, Icertis to get insight into the Indian IT industry and the company’s cloud offerings addressing the Indian market requirements
December 09, 2013: The power of the Cloud is driving the explosion in mobile devices and the enterprise segment cannot be far behind. Technology is inviting businesses to ask questions they would not have thought about before and challenging business leaders to think creatively to harness this power.
Monish Darda, CTO, Icertis, illustrates how the computing power of cloud and disruptive technologies is enabling the device-cloud scenario to bring very unique experiences to the end user.
25 Nov 2013: Big Data is giving rise to markedly improved decision making and is having a significant impact on companies competitive differentiation and ability to avert risk. According to a recent survey 91 per cent of Indian businesses feel ‘Big Data will lead to better decision making’. As big data technologies are emerging, organizations need to develop data-driven decision-making skills.
BigData because of its propensity for size has opened doors previously unimaginable out of seemingly trivial data, interesting facts are emerging, with the very real possibility of changing completely how we perceive data. It has long been noted that data can be and should be converted to information, and information can and should be converted to knowledge. It also stands to reason that more the data, more are the chances of finding correlations between that data, and thus more the chances of converting to information and eventually to knowledge.
Monish Darda, CTO and Co-founder – Icertis, talking about conversion of data into knowledge said that BigData uses power of the cloud to figure out what excites people and how. This information is then correlated to their social profiles to turn the information to knowledge knowledge about behavior, buying habits and the characteristics of the individual. Once armed with that knowledge, better business decisions are just a step away what products to sell, how and where to position them, which colors to use, and what demographic of people to attract! Bottom line increased sales and increased profitability.
The pharmaceutical industry operates in one of the world most competitive, complex, and highly regulated markets. Pharmaceutical businesses in particular need to ensure that their contract strategy clearly defines the terms, pricing, discounts and compliance requirements supported by the right systems to ensure there is no undue risk and leakage during business operations. Organizations that manage contract processes without sufficient control and visibility to their contracts bring in an element of risk through non-standard language, unfavorable term, lengthy contract creation and approval cycles etc. – leading to maverick contracting and loss of commercial opportunities.
Leveraging specialized contract management solutions and automation can help organizations deal with the increased scale and complexity of contracts and accelerate contract management improvements.
The attached article by Niranjan Umarane, Director Product Management at Icertis, details how contract management strategies can be enabled through adoption of technology based solutions and effective contract management systems to deliver desired business results.
Publication Pharma Bio World, June 2013
May 3, 2013: Good things happen when creativity and free thought are allowed to flourish. In Seattle, Washington, where innovation is not taboo, Icertis was able to materialize from a shared dream. Samir Bodas, Monish Darda and Unmesh Bhathija believed the delightfully disruptive cloud could be used to improve business processes, and they were right. Icertis, was born in 2009 and has since blossomed into a successful Cloud Software Vendor (CSV). Icertis caused a stir and broke tradition when it developed products in the ERP Surround space by leveraging the cloud; fortunately it also broke the shackles of tedious, tiresome and obscenely priced enterprise software. The company provides software to manage contracts (for banks, retailers, insurance, manufacturing etc.) and transportation management software for companies in the logistics sector.
Samir Bodas, CEO and co-founder of Icertis, holds an MBA from Wharton School of Business. Monish Darda, CTO and co-founder has a BE in Mechanical Engineering and obtained a Master degree from Florida Atlantic University and Unmesh Bhathija, COO is also a Chartered Financial Analyst and co-founded Websym Technologies.
Commenting on the origins of Icertis, Darda said, Enterprise software has traditionally been difficult to build, hard to deploy and expensive to maintain and painful to adopt; think of an Enterprise Resource Planning (ERP) software implementation, for instance. The cloud was opening up opportunities for a new breed of enterprise apps, ones that are easy to develop, deploy, manage, integrate, and which dont break the enterprises bank. He added, The fertile Seattle environment helped, especially since two of the worlds top public cloud providers, Microsoft and Amazon, are headquartered there. The Seattle connection continues as the company has roped in Rob Strickland who was formerly the Senior Vice President (SVP) and Chief Information Officer (CIO) for T-Mobile as its strategic advisor.
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Enterprise IT landscape has drastically evolved over the years,given the economic pressures and innovation in the IT space among other factors. Partners need to understand this evolution, the current need of the enterprise and how they can fruitfully work with the vendors.
Monish Darda, CTO, Icertis, shares his thoughts on this evolving landscape along with prominent industry thought leaders.
April, 2011: Icertis, a global product and services company has always been focused on providing services and solution on the Microsoft Cloud. Recently Icertis worked with Microsoft sponsors on several Office 365 and Windows Azure joint (Microsoft+Icertis) design wins.
These include enterprise-wide and departmental solutions such as:
- A 160K Office 365-seat implementation of our Contract Management System for a Fortune 500 client using Office 365
- Compliance Management and Deal Management systems for Fortune 500 customers using SharePoint 2010
- Customer/partner on-boarding design patterns for B2B, B2C scenarios for different industry verticals such as Auto, Insurance, Legal and Manufacturing using Windows Azure
- Dealer Management System for a $1B public enterprise using Windows Azure
“Being recognized by Microsoft is a big achievement for Icertis. This proves the capability and uniqueness of our innovative solutions. The Lighthouse Design Win designation is an additional feather in our cap” said Niraj Deo, EVP, Icertis
Icertis continues the journey of providing innovative solutions to ensure that our clients can get the best possible solution based on the latest technology platforms provided by Microsoft.
Icertis is a global technology company focused on building business solutions on Microsoft Office 365/SharePoint and Windows Azure cloud platforms. Our service oriented solutions can be implemented On Premise, In the Cloud, or as a Turnkey Appliance, making them cost effective and ensuring the customer’s data and processes are securely available anywhere, anytime and on any device. Our products and solutions have been deployed in multiple F500 companies, and have received great reviews from both users and analysts.
For more information, please visit Icertis.com