The Icertis Contract Management Platform Increases Velocity and Visibility in Complex Contracting Environment
Bellevue, Wash., October 3, 2017 – Icertis, the leading provider of enterprise contract management in the cloud, today announced that World Wide Technology (WWT), a global technology solution provider, has gone live with the Icertis Contract Management (ICM) platform. The deployment of the ICM platform was a mission-critical milestone for the organization to increase contracting velocity and improve visibility into contract terms and obligations, providing vital capabilities to effectively manage the contract lifecycle across complex contractual hierarchies. Icertis’ secure, easy to use and easy to deploy cloud-based platform, on Microsoft Azure, went live at the $9 billion company in less than 6 months.
“At WWT, we believe that technology can drive the success of our customers,” said Erika Schenk, General Counsel, Vice President of Compliance. “We chose Icertis because it is an easy to use, intelligent technology solution that would allow us to effectively manage and track our contracts with customers and business partners.”
Many technology service providers like WWT face challenges managing contractual obligations and opportunities in a decentralized or matrixed organizational structure, which can introduce gaps between “sell side” customer contracts and linked “buy side” partner agreements – sometimes referred to as back-to-back contracting. The ICM platform allows WWT to ensure terms and obligations are seamlessly passed on to related engagements to better enable compliance-related activities, such as the enforcement of terms, as well as identify otherwise unrecognized contracting opportunities.
“The benefits of mature enterprise contract lifecycle management processes include increased governance and control over what is signed, when and by whom, plus the protection of knowing that the correct contract terms are live at any given time,” according to Gartner. “It also provides deeper insights across all contractual agreements by analyzing content and conditions.” *
“WWT is a leader in helping customers leverage technology to accelerate their business performance,” said Samir Bodas, CEO and Co-founder of Icertis. “We are excited to be their partner as they transform their commercial foundation, and accelerate their performance through an intelligence-led enterprise-wide approach to contract management that only a best-of-breed platform like the ICM platform can deliver.”
ICM will provide WWT with a central repository for all their contracts worldwide and enable seamless communication between sales and legal that will accelerate the contracting process by:
- Creating, viewing, approving, managing and collaborating on contracts within familiar Microsoft applications using Icertis Experiences for Microsoft.
- Delivering notifications, driving contractual compliance, making requests, searching, viewing, approving or rejecting contracts—all from within the Icertis Experience for Salesforce.
- Empowering sales teams to request contracts from any device using step-by-step wizards and self-service tools.
- Leveraging an intelligent rules engine to automatically assemble and orchestrate the approval process.
- Instantaneously locating and retrieving any contract with a powerful, versatile ML-based search engine.
WWT selected Icertis because it was the most feature rich, intelligence-led solution in the market and the configurability of the ICM platform will allow them to adapt to future market changes that require updates to their business processes. Combined with an easy to use, simple UI, this configurability significantly increases user adoption thereby improving compliance and reducing risk.
For more information about Icertis, visit www.icertis.com.
*Gartner, Hype Cycle for Procurement and Sourcing Solutions, 2017, Magnus Bergfors | Deborah R Wilson | Desere Edwards, 24 July 2017
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 increasing compliance, improving governance, mitigating risk and enhancing user productivity, thereby maximizing ROI and accelerating time to value. The Icertis Contract Management (ICM) platform is used by 1+ million users at companies like 3M, Becton Dickinson, Cognizant, Daimler, and Microsoft, to manage 3.5+ million contracts in 40+ languages across 90+ countries.
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