Icertis Contract Intelligence for Automotive

With AI-powered contract digitization and insights

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

The Challenge

Leverage the Full Value From Every Commercial Relationship

Contracts are the foundation of commerce, and they support the entire automotive value chain, including Engineering & Technology, Supply Chain & Procurement, Production & Operations, Human Resource Management, Partner Management, and Sales & Marketing.

Contracts have a direct impact on an organization's revenue and spending. But have you ever measured how well your contracts are performing for your enterprise? If you haven't here are the potential risks:

  • Suboptimal contract terms combined with suboptimal fulfillment can cause an erosion of value equal to 9% of a business’s annual revenues. (World Commerce & Contracting Association).

  • A massive digital transformation is happening across all facets of the Automotive industry: electric drivetrains, connected vehicles, on-demand features, and direct-to-consumer sales.

  • OEMs and their Suppliers are under pressure to continue to drive product innovation while reducing costs, improving safety, and increasing top-line and bottom-line revenues.

  • With contracts touching virtually every dimension of the Automotive supply chain, how can companies ensure the intent of every agreement is fully realized as part of ongoing operations?

The Solution

Common Automotive Business Levers Enabled by Icertis Contact Intelligence

  • Revenue Leakage

    OEMs can link production and dealer / sales channel commitments within contracts to rapidly identify and act on order quantity variances due to macroeconomic factors. ICI enables interoperability with other systems of record.

  • Supplier Visibility

    Tier I through III suppliers can be confident that they have visibility to contractually committed pricing, capacity, and delivery expectations – down to the clause, attribute and obligation.

  • Risk & Compliance

    All stakeholders across the automotive supply chain can create a unified single source of truth for their contracts - both intracompany and external - to better govern risk and decrease time to mitigation.

  • Margin Protection

    OEMs and their suppliers / partners can compare variances between contracts and actuals to pinpoint factors that contribute to margin erosion (e.g., cost, labor, inflation).

  • Managing Flow Downs

    OEMs can be confident that their flow down requirements – including quality and material specifications, schedule expectations, delivery terms – are being analyzed and acted upon to increase compliance and avoid downtime.

  • Operational Productivity

    Creates a new level of contractual intelligence and data transparency for the entire automotive supply chain by having a centralized platform that integrates with other systems of record including SAP S/4HANA.

EBOOK

Contract Lifecycle Management 101 for the Automotive Industry

This eBook provides six critical insights to understanding how CLM delivers value to today’s automotive companies to jumpstart your journey to realizing business excellence through contract intelligence.

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Customer Stories

Trusted by the world’s leading automotive companies

Featured Case Study

“Icertis gives us a single point of truth, analytics capabilities, and seamless integrations with the rest of our enterprise software.”
Jan Brecht
Chief Information Officer

Industry experts agree

Icertis is the #1 CLM Vendor

Industry experts agree. In a recent report, MGI Research said, "Icertis achieved the highest total MGI 360 Rating™️ in CLM and demonstrates the greatest ability to handle highly complex and high-volume use cases.

Gartner-logo

Icertis has been named a Leader in the latest Gartner® Magic Quadrant™ for Contract Life Cycle Management. This is the third consecutive Gartner® Magic Quadrant™ to recognize Icertis as a Leader in the category.

Icertis received the highest 360-degree rating from MGI Research in the firm’s Contract Lifecycle Management (CLM) Buyer’s Guide, earning the top position among CLM vendors and No. 1 for mega companies.

spend-matter-logo

Icertis is proud to once again be SolutionMap Validated by Spend Matters. See why Icertis is considered above the industry benchmark on Contract Information Management, CLM Integrations, Specialty CLM Analytics, and more.

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 Supplier Relationship Management

The SRM application enables businesses to handle standard supplier management challenges

Optimize your business value chain for the long term while reducing risk, cycle time, and compliance burden with 360-degree supplier relationship management. The AI-powered application allows users to seamlessly manage end-to-end supplier onboarding, performance management, contract governance, compliances, and disengagement.

Explore the Icertis SRM

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.

Explore Icertis Risk Management

Integrations

Unleash the power of the Icertis platform with native integrations

With our contract management integrations, your teams can create, view, approve, and collaborate on contracts within the applications you use every day to accelerate contract flow and move your business forward.

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