BELLEVUE, Wash., July 27, 2016 – Icertis, the leading provider of enterprise contract lifecycle management in the cloud, today announced that its breakthrough platform was recognized as a leader in the newly released report, The Forrester Wave™: Contract Life-Cycle Management (CLM), Q3 2016.
The report evaluated vendors in three contract scenarios; sell-side, buy-side and all contracts, and Icertis was the only vendor to receive a 5.0 in the product strategy criterion in all three scenarios (no other vendor received a 5.0 for product strategy in any of the scenarios). According to Forrester, “The Icertis CLM makes the most sense for enterprise clients that are looking for an adaptable, standalone contract platform for all contracts.” The report concludes, “Icertis offers one of the best CLM products.”
Icertis also received a 5.0 rating based on customer references for usability, ease of implementation, and ongoing customer services and support. “Customers consistently gave Icertis high ratings for its configurability, workflow management, and integration with Microsoft Azure,” wrote Forrester in the report.
“Since day one, it has been our mission to start a global contract management movement with the most innovative, best-in-class CLM platform in the market. We believe the high marks Icertis received from customers, and the recognition from Forrester about the Icertis Contract Management platform in this report, shows that our focused efforts have clearly paid off.” said Samir Bodas, CEO and Co-founder of Icertis. “This type of recognition is consistent with the feedback we receive from large global customers like Microsoft, Becton Dickinson, Cognizant, Airtel, and ABB who benefit from our technology platform every day. I am so proud of the hard work and dedication by our entire team.”
Forrester Research identified the 14 most significant vendors in the CLM space, and scored them across 28 total criteria to show how each provider helps CxOs make the right choice from three dimensions: buy-side dominant, sell-side dominant, and all contract lifecycle management. Each criterion was bucketed into three overall categories including Current Offering – which included core functionality, buy-side versus sell-side support, and usability, Strategy – including product strategy in terms of pricing and roadmap, company strategy in terms of target market, and financial resources to support the strategy, and overall Market Presence. To be qualified for evaluation in this report, vendors had to show true CLM functionality, have more than $10 million in CLM revenues, and have clients in multiple industries.
For more information about the ICM platform, click here.
The full Forrester Wave™: Contract Life-Cycle Management, Q3 2016 can be downloaded here.
Icertis is the leading provider of contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable and continually adapts to your complex business needs. Today, ICM is used to manage 2+ million contracts, by 500,000+ users, in 90+ countries and 40+ languages. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise.
Icertis Media Contact:
Barokas Public Relations for Icertis
Icertis Is a Leader in Gartner’s First Magic Quadrant for Contract Lifecycle Management
Icertis is proud to be named a Leader in the first ever Gartner Magic Quadrant for Contract Life Cycle Management (CLM) based on its Completeness of Vision and Ability to Execute. Gartner evaluated 12 vendors on 15 criteria and positioned Icertis furthest right for its completeness of vision.Read the Report