Contract Intelligence for Energy & Utilities

Optimize business operations, streamline collaboration, and improve compliance.

In working with some of the world’s largest energy companies, Icertis has identified a number of common contracting challenges

Today’s energy companies are globally dispersed and rely on a diverse array of vendors and distributors to compete in a highly regulated marketplace. At their core, these business relationships are governed by contracts.

Ultimately, we find that energy companies and utilities face a broad set of contract challenges that span infrastructure and sourcing, risk/obligation management, and collaboration with multiple stakeholders. If left unaddressed, these challenges can put energy providers at a competitive disadvantage, expose companies to serious regulatory compliance risks and lead to dissatisfied customers.

  • A lack of visibility into complex contract operations impedes efforts to optimize the performance of infrastructure asset management and sourcing, drive energy savings, and control costs
  • Client-provider relationships are governed by strict but complex master agreements, raising the risk of missed obligations
  • Legacy systems and operational inefficiencies slow deals and cause leakage
  • Fragmented processes and lack of integration between contract management systems and other enterprise systems cause terms negotiated during the sales cycle to not be included in the final contract

The Solution, Icertis Contract Intelligence

Icertis’ energy and utility solutions offer unmatched benefits across the entire enterprise. We handle all contract types, have integration adapters for other enterprise systems, and can ensure that companies continue to maximize the value of their contracts long after each one is signed.

Icertis has implemented enterprise contract management solutions for some of the world’s largest energy companies, leveraging the Icertis Contract Intelligence (ICI) platform combined with our powerful suite of applications. It allows only those with the right permissions to see sensitive contract information on the contract and performance to drive savings and compliance.

  • Role-based data access

    that allows only those with the right permissions to see sensitive contract information

  • Deep tracking and reporting

    on contract performance to drive savings and compliance

  • Full Obligation Tracking

    to ensure contract entitlements are realized (and vice-versa)

  • Robust API

    allow integration into enterprise processes

  • Collaboration portal

    drive seamless communication and workflow with vendors, customers and other contract partners

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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.

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Icertis Sourcing Application

Place contracts at the center of the sourcing process

Ensure compliance, minimize risk, and create long-term strategic agility while gaining full visibility into supplier’s risk profile and ensuring compliance throughout the procurement process. 

Explore the Icertis Sourcing App

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.

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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.

Explore the Icertis Collaboration Portal