Contract Risk Management

Reduce business risk enterprise-wide with intelligent contract risk management software to continuously discover, assess, and monitor risk

The Challenge

Manual Contract Management Lacks Continuous Risk Visibility

Risks are an inherent part of business operations. If not managed proactively, they can have a devastating impact on business continuity, brand reputation, financial loss, cash flows, or/and loss of customer trust. Often, risk originates during the process of onboarding new customers or suppliers and entering into contracts that do not fully account for the business and regulatory environments involved. Companies with manual contract management processes lack the visibility necessary to proactively identify and manage contract risk on an ongoing basis.

The Solution

Icertis Risk Management App

Built on the Icertis Contract Intelligence (ICI) platform, the ICI Risk Management app brings a paradigm shift in the management of business risks. The app offers a process-oriented, organization-wide solution to stay on top of all potential risks that a business faces – whether they emanate from the potential insolvency of a counter-party, payment default by a customer, supply disruption due to a pandemic or natural disaster, logistics blockades due to localized conflicts, or other market turbulence.

The Benefits

Gain Risk Visibility and Response Agility with Contract Risk Management

AI-Based Risk Discovery

AI-based risk discovery proactively helps organizations in quick planning for risk mitigation

Effective Risk Monitoring

Effective risk monitoring reduces the impact of operational, financial, and reputational risk, contributing significantly to the company’s bottom line

Seamless Integration

Seamless integration utilizes customer/ supplier/contracts/risk information effectively between CLM, Obligation Management, Supplier, and Sourcing apps, helping to drive actionable insights for businesses

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