Icertis Obligation Management

Reduce risk, realize value, and improve compliance with contract obligation management at enterprise scale.

The Challenge

Traditional Contract Obligation Management Exposes Businesses to Risks and Revenue Leakage

Ensuring contracts perform to their full potential requires contracting parties to fulfill all their obligations. Non-compliance not only hurts performance but also exposes businesses to substantial risks, including reputational damage, financial loss, and soured partner relationships; in extreme cases, non-compliance can even jeopardize business continuity. According to a World Commerce & Contracting study, the average company “leaks” over 9% of its revenue annually due to contractual compliance issues.

The Solution

Icertis Obligation Management

Built on top of the Icertis Contract Management (ICI) platform, Icertis Obligation Management enables full lifecycle management of all contract obligations tailored to company-specific rules, leading to better business outcomes without any code-level intervention. The application enables businesses to effectively standardize the contractual compliance process with capabilities to discover, operationalize, and track obligations.

Featured Case Study

Cognizant

“As one of the world’s leading professional services companies, it is critical we closely manage the obligations enshrined in our contracts,” said Frank Marty, Global Head of CLRM at Cognizant. “Understanding and fulfilling our commitments to customers and realizing the full value of our entitlements is critical to successfully delivering shareholder value. The ICI Obligation Management app will positively impact our bottom line.”

The Benefits

Reduce Risk and Realize the Full Value of Your Contracts

Operationalize contracts quickly post-execution with AI-assisted obligations discovery

Set up effective governance with measurable objectives

Significantly reduce risks by complying with all contractual obligations

Realize the full value of contracts through the better measurement and management of entitlements and commitments

Maximize revenue by recovering financial compensation for unfulfilled counterparty obligations or unclaimed credits

Leverage insights for better outcomes in contract negotiations, renewals, and other business decisions

Next Steps

Explore Icertis Contract Intelligence

Icertis Contract Intelligence

Standardize, streamline, and automate every contract – everywhere

Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.

Explore Icertis Contract Intelligence