Contract Management for Financial Services
Unleash the power of contract intelligence to increase business velocity, manage obligations, reduce risk, and meet regulatory compliance
The Challenge
Manual and siloed contracting processes can’t keep up with shifting markets and regulations
Today, the BFSI Industry – spanning banks, financial services institutions, and insurance companies – faces increasing regulations while operating in challenging market conditions, exacerbating the complexities surrounding the high-volume of contracts that underpin all products and services offered as well as the network of third-party relationships.
In this context, inefficient manual contracting and an inability to easily search and amend agreements pose untenable barriers to business velocity, managing obligations, reducing risk and managing regulatory compliance requirements.
The Solution
Maximize value with industry-leading, comprehensive contract lifecycle management
Contract intelligence empowers banking, insurance, and financial services institutions with visibility and control. At the core of digital transformation initiatives, contract intelligence centralizes contract management and integrates contract data into other systems of record to advance business efficiencies and scale.
The Icertis platform enables your organization to better understand and effectively manage obligations and risk, ensure regulatory compliance including across third-party suppliers, and streamline contracting to win business and recognize revenue.
The Benefits
Reduce risk, plug revenue leaks, and improve performance
eBook
Contract Intelligence for Banking and Finance
Today’s banking and financial services companies compete in a marketplace defined by disruption. New technologies, uncertain economic conditions, changing regulations, and evolving customer expectations put pressure on banks and financial services companies from a competitive and compliance perspective.
Download Now
Customer Stories
Trusted by the world's leading banking, insurance, and financial services organizations
Learn from BFSI organizations that have applied contract intelligence to structure, centralize, and meet compliance requirements for the high-risk, high-value contracts they manage everywhere in the world.
Featured Case Study
“The main benefit that we expect from the implementation of ICI is effective follow-up on DenizBank contracts.”
Aydin Catalbas
More Customer Stories
Icertis Contract Intelligence
Discover the Icertis advantage for banking, financial services, and insurance institutions
Digitize existing contracts and create a single source of truth, streamline contract creation and negotiations, manage risks and obligations, and conduct reviews and mass amendments to meet changing regulations.
-
Ready for every contract type
Accelerate onboarding and time to value with preconfigured templates, attributes, and clauses for a range of standard contract types including MSA, NDA, SaaS technology agreements, and terminations. Leverage contract intelligence for complex agreements at scale powered by artificial intelligence.
-
Easy deployment, onboarding, and use
The Icertis Banking and Financial Services solution is easy to deploy and adopt with contract self-service capabilities, out-of-the-box support for common contract types, workflows, obligation management, reports and dashboards, with industry nomenclature across the setup to enhance user experience and reduce training requirements.
-
Built-in BFSI use cases
The Icertis Banking and Financial Services solution offers purpose-built agreement types and associations, obligation management rules, reports, and dashboards for cases, including blocked account management, global custody management, investment and trading agreements (ISDA OTC derivatives and repurchase loans), treasury management, and mergers and acquisitions.
-
Risk management and reporting
Provide enterprise-wide visibility and oversight with role-based dashboards and reports, coupled with risk management to support contracting, compliance, and business managers with insights into agreements.
-
Discover existing agreements with AI
Quickly turn legacy agreements and third-party paper into live ICI contracts. Identify contract attributes and clauses and semantically match them directly to your contract type definitions and enterprise clause library in the platform.
-
Identify obligations with AI
Surface and track obligations automatically with built-in AI-automated regulation and compliance management rules to streamline regulatory reviews, alert appropriate staff of tasks and commitments, and simplify audit reviews.
Next Steps
Discover the depth of enterprise contract intelligence with Icertis
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.
Icertis Risk Management
Reduce business risk enterprise-wide with intelligent contract risk management
The Risk Management application helps to mitigate business risks in their supply chain and purchasing contracts through proactive assessment, discovery, and continuous monitoring—helping protect organizations from the impact of operational, financial, and reputational risk.
Icertis Obligation Management
Manage commitments and realize the full value of entitlements
Transform how your organization identifies, creates, manages, and fulfills obligations previously hidden in complex contract language.
Icertis Collaboration Portal
Enable secure communication with your suppliers, customers and partners
The Icertis Collaboration Portal extends controlled access to the Icertis Contract Intelligence platform to outside organizations for more effective collaboration throughout the contract lifecycle.