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Contract Management for Procurement

Streamline the source-to-contract process for faster deals and reduced risk with contract intelligence.

Corral spend with faster, safer processes using Icertis Contract Intelligence.

The Challenge

Deliver Value Far Beyond Cost Savings

Procurement is increasingly being asked to deliver value far beyond cost savings—transforming the way they work in order to protect and help the business perform at its best.

To meet these demands, procurement leaders are increasingly looking to drive greater value from their contracts. Contracts define relationships with suppliers, making them a critical linchpin for managing margins, risk, and compliance across global supply chains. It’s a big ask and one that procurement teams are addressing with the help of AI-powered contract intelligence.

The Solution

Enterprise contract intelligence that delivers total visibility and control across supplier relationships.

The Icertis Contract Intelligence platform leverages the power of AI and contract lifecycle management (CLM) to give procurement organization the visibility and control they need to drive value across supplier relationships.

Visibility into supplier relationships

Icertis uniquely prepares procurement teams to better respond to new challenges and opportunities, negotiate better contracts, and have the visibility into suppliers and agreements that today’s global marketplace requires.

Speed RFx processes

Icertis’ powerful-yet-simple contract management software helps procurement teams manage requests, speed RFx processes, and monitor compliance – all through an intuitive dashboard that adjusts to fit roles or working styles.

Configurable workflows

Workflows and approvals are fully configurable, allowing authorized users to adjust policies and processes quickly and easily without requiring custom software development or additional resources. 

Secure collaboration with third parties

A secure, permissions-based collaboration portal simplifies supplier relationship management, compliance management, and collaboration with third parties, leading to improved efficiency and productivity.

SAP certified

Icertis is also the only contract lifecycle management (CLM) company with premium certified SAP Endorsed Apps status and is a Gold Partner in the SAP PartnerEdge program. What this means for procurement leaders is integrations of Icertis with trusted SAP procurement solutions including SAP Ariba, SAP Fieldglass, and SAP S/4HANA Buy-side. We’re bringing contract intelligence to the intelligence enterprise.

Case Study

Daimler

Daimler Spearheads Digital Transformation of Contracting and Sourcing Process with Icertis

With the Icertis Contract Intelligence (ICI) platform, leading manufacturing companies are embracing contract-centric sourcing to lower costs, reduce supplier risk, and accelerate time-to-market.

​"From sourcing to contracting we have gained speed. But it has also made us safer. We have our risks transparent, we have our process transparent, and our buyers like the software. It’s easy to use."
Ulrich Ochmann
Product Owner Contracting, New Procurement System

Benefits

Icertis Offers the Best in Class CLM Capabilities

  • Easy access to existing contracts 

    through a single database when requesting and drafting agreements.

  • Advanced search functionality 

    with the ability to search existing deals across metadata and attachments, including pictures and PDF files.

  • A clause and template library 

    with legally approved templates and clauses that follow your company's playbook. This makes it easier for the legal team to hone in on clause deviations from standard templates.

  • Checks for contract compliance 

    that automatically identify and escalate noncompliance issues to relevant parties.

REPORT

2024 ProcureCon CPO Report

See how today’s CPOs are meeting new expectations around sustainability and supply chain performance by transforming how they do business. In this year’s ProcureCon CPO Survey, WBR Insights explores how procurement leaders are stepping up to this moment by leveraging emerging technologies and reimagined processes.

Get the Report

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

Icertis Copilots

Accelerate your business with generative AI. Safely.

Icertis Copilots deliver a step-change in contract efficiency and insights by responsibly harnessing the transformational power of generative AI to turn commercial agreements into interactive assets to drive your business forward. ​

Explore Icertis Copilots

Integrate

Advanced automation and deep, native experiences

Seamlessly connect with your enterprise systems such as Microsoft, SAP and Salesforce to automate end-to-end business processes and enjoy a richer experience.

Explore Integrations