Monday, Aug 11, 2014, Seattle, WA: Icertis, the leading provider of enterprise solutions in the Microsoft cloud, today announced that KPIT (BSE: 532400, NSE: KPIT), a global IT consulting and product engineering partner to automotive & transportation, manufacturing and energy & utilities industries, has successfully deployed Icertis Contract Management (ICM), one of the world’s leading solutions for managing contracts. Built on the Microsoft Azure cloud platform, ICM was configured, customized, and deployed in less than 60 days.
KPIT is a global company and is expanding rapidly across multiple countries. We therefore needed a contract management solution that could automate and standardize our global contract management to ensure improved compliance, lower risk, and complete visibility across the organization. ICM helped us achieve exactly that, and in record time, said Mr. Anil Patwardhan, SVP & Head – Corporate Finance & Governance, KPIT.
Icertis Contract Management has automated KPITs end-to-end contracting processes, including contracts based on the counterparty’s templates. With the product’s robust approval rules engine and comprehensive contract repository, all contracts will pass through the right level of review and can be easily found, reviewed and approved anywhere, anytime and from any device. The system will also provide proactive alerts and notifications, with an escalation mechanism and dashboard to ensure compliance and tracking. ICM has been integrated into KPIT’s SAP ERP environment, ensuring seamless invoice validation and controls.
Anand Veerkar, EVP of Global Sales at Icertis, said, Icertis Contract Management has been highly successful in the market because of its ease of use, rapid implementation, and ability to generate faster RoI for our customers. This ICM implementation at KPIT once again validates our overall leadership in this space and we are confident about the benefits that KPIT will gain from our solution.
Icertis is the leading provider of enterprise solutions in the Microsoft Cloud. The company’s cloud-native products and services address specific enterprise business needs by comprehensively leveraging the cloud’s elasticity, ubiquity, and availability. Icertis product suite includes comprehensive ERP-surround solutions for contract and compliance management, transportation management, public transport management, and fleet management. The products have flexible deployment models on-cloud, on-premises, and hybrid options to ensure that diverse requirements for cost, compliance, and security are met. Icertis cloud-native services help customers to build innovative, secure, and easy-to-use applications, thereby, leveraging prefabricated frameworks, adapters, and modules to integrate data from multiple locations. Icertis products and solutions are deployed in multiple Fortune 500 companies and have received great reviews from both users and analysts alike.
For more information, please visit www.icertis.com
KPIT (BSE: 532400; NSE: KPIT) is a fast growing Product Engineering and IT consulting partner to Automotive, Manufacturing and Energy & Utilities companies. A leader in technology solutions and services, KPIT currently partners with 200+ global corporations including Original Equipment Manufacturers (OEMs), semiconductor companies and Tier 1 companies, enabling them to become more efficient, integrated and innovative enterprises.
For more information, visit www.kpit.com
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