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 the revenue and spend of an organization. But have you ever measured how well your contracts are performing for your enterprise?
- Suboptimal contract terms combined with suboptimal fulfillment can cause an erosion of value equal to 9% of a business’ 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
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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.
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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.
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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.
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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).
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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.
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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.
Trusted by these World’s Leading Manufacturers
Mercedes-Benz Drives Enterprise Transformation with Icertis Contract Intelligence
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Don't just take their word for it
We are a leader in CLM
Industry experts all agree. Learn why in a recent report, IDC said, “Icertis is differentiating on a number of pathways here, potentially playing chess while many other vendors are playing checkers, when it comes to value.”
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 has been named a leader in the Forrester Wave: Contract Lifecycle Management For All Contracts Q1 2021 report—the second consecutive Wave report to recognize Icertis as a leader in the category.
Icertis Named a Leader in IDC MarketScape for CLM Software for Corporate Legal. Icertis was recognized as a Leader for both capabilities and strategies in the first IDC MarketScape to focus on CLM capabilities for legal professionals.
INTEGRATE
Seamlessly connect third-party systems for a richer data experience and enterprise orchestration.
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.
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.
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.