eBook
Contract Lifecycle Management (CLM) 101 for Energy & Utilities Industry
A beginner's guide to contract lifecycle management (CLM) and its high impact for energy and utilities customers.
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Because of its combination of vital data insight and risk management capabilities, contract lifecycle management is poised to become the next big enterprise software category, and the industry has been expanding to meet the growing interest. IT service management company Gartner reports a rate of growth for the CLM industry of over 40% year over year.
Key Findings
Contract Intelligence could save your organization millions each year
8%
World Commerce & Contracting
Organizations see an average 8% revenue erosion from their contracts due to mismanagement
40%
Harvard Business Review
Potential losses per contract prevented through effective contract administration
30%
Aberdeen
Administrative costs associated with contracts are reduced through implementing automation
Next Steps
To continue exploring CLM for your industry, access one of the resources below.
Icertis Contract Intelligence for Energy
With AI-powered contract digitization and insights
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.
Icertis Contract Intelligence for Utilities
Optimize business operations, streamline collaboration, and improve compliance.
The power, utilities, and renewables sector plays a critical role in bringing electrification and low-carbon solutions across the globe through new business models and technology innovation in a world of rapidly changing regulatory requirements.
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.