Icertis’ Deep, Cloud-Native Platform Cited as Key to Extending Commercial Excellence Beyond Contract Authoring
BELLEVUE, Wash., March 7, 2018 – Icertis, the leading provider of enterprise contract management in the cloud, today announced that Spend Matters, the leading publication for procurement and supply chain professionals, recognized Icertis as the leading provider of contract lifecycle management (CLM) in a recent article highlighting Icertis’ Series D funding round. The publication concludes that, across all four of the personas it uses to reflect the different organizational needs of procurement organizations, Icertis is the solution and value leader.
“Our SolutionMap methodology has identified Icertis as the clear enterprise CLM solution leader – that is, with deep buy-side focus — that has been organically built for the cloud with a true platform focus,” said Pierre Mitchell, chief research officer at Spend Matters, as quoted in the article. “Icertis allows customers to extend commercial excellence into broader value chains rather than just internal contract authoring workflows.”
“As enterprises look to compete in an ever more fast-paced business environment, they are realizing that they must transform their foundation of commerce with an enterprise-wide contract management platform,” said Samir Bodas, Co-founder and CEO of Icertis. “We are excited that Spend Matters shares our outlook for CLM and honored to be named as the leader in enterprise contract management.”
Contracts are foundational to commerce, governing every dollar coming in and every dollar going out of a company. Leading companies are looking to accelerate, protect and optimize their businesses by digitizing their contract data and making that information available to other systems in the enterprise.
“CLM is not just some niche area that manages documents and workflows,” Mitchell is quoted as saying. “It is about managing the ultimate commercial system of record for managing both risk and reward.”
The article highlights how Icertis continues to invest in artificial intelligence capabilities that support risk management, compliance and revenue optimization. These new technologies promise to deliver even greater benefits.
“Modeling the commercial complexity of a modern enterprise requires a deep and flexible CLM platform that goes far beyond the transactional process of terms and conditions of document-based contract artifacts,” Mitchell is quoted as saying. “Today’s CLM systems are becoming intelligent and actively self-managed knowledge bases that seek to maximize risk-adjusted value.”
For more information about Icertis, visit www.icertis.com.
Icertis, the leading provider of enterprise contract management in the cloud, solves the hardest contract management problems on the easiest to use platform. Icertis helps companies transform their commercial foundation ensuring compliance, improving governance, mitigating risk and enhancing user productivity, thereby improving the bottom line. The Icertis Contract Management (ICM) platform is used to manage 5+ million contracts by 2+ million subscribers at companies like 3M, Daimler, Microsoft, Roche and Wipro in 40+ languages across 90+ countries. The AI-powered platform allows customers to increase contract velocity and agility, proactively manage entitlements and obligations as well as surface commercial insights and intelligence.
Icertis Media Contact:
Director of Corporate Communications
+1 (425) 869-7649
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