Icertis has a team of over 700 research and development professionals looking at manufacturing contracts and training AI on them, so the AI can recognize language to identify inflation and price locks, milestone data, penalty clauses, rebates, incentive clauses, etc.
Contracts are the foundation of commerce, and they support the entire energy 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?
O&G producers can link production and national entity / downstream order commitments within contracts to identify and act on order quantity variances due to macroeconomic factors. ICI enables interoperability with other systems of record.
Oil well & refinery equipment suppliers can be confident that they have visibility to contractually committed pricing, capacity, and delivery expectations – down to the clause, attribute and obligation.
All stakeholders across the energy 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.
Integrated oil companies and their suppliers / partners can compare variances between contracts and actuals to pinpoint factors that contribute to margin erosion (e.g., cost, labor, inflation).
Super Majors can be confident that their flow down requirements – including engineering, safety and quality specifications, schedule expectations, delivery terms – are being analyzed and acted upon to increase compliance and avoid downtime.
Creates a new level of contractual intelligence and data transparency for the entire energy supply chain by having a centralized platform that integrates with other systems of record.
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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.
Seamlessly connect third-party systems for a richer data experience and enterprise orchestration.
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.
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.
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.