Contract Intelligence for Manufacturing

Lower costs, reduce supplier risk, and accelerate time-to-market

The Challenge

Higher procurement costs, costly non-compliance, and dissatisfied customers

Modern manufacturers are grappling with rapidly evolving competition, dynamic global supply chains, and shifting regulations. In order to stay competitive, winning companies need to become more agile and stay close to both their customers and suppliers. And at the heart of each of these relationships is a contract.

Ultimately, we find that manufacturers face a broad set of contracting challenges that span sourcing, sales, and corporate contracts. If left unaddressed, these challenges have the potential to lead to higher procurement costs, costly non-compliance, and dissatisfied customers.

In working with some of the world’s largest manufacturers, Icertis has identified a number of common challenges:

  • Contract storage is fragmented across multiple departments and systems
  • Contracts are poorly integrated with critical ERP, CRM, and P2P systems, impeding compliance
  • The source-to-contract process is often fragmented, preventing effective supplier risk assessment and performance tracking
  • Sales and sourcing happen separately, without the tools to efficiently deliver the back-to-back contracting that is essential to ensure that proposals are designed effectively for new customers
  • Lack of visibility makes it difficult to track obligations and SLAs in “product-as-a-service” scenarios

The solution

Icertis Contract Intelligence

Icertis’ manufacturing 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 Contract Lifecycle Management (CLM) solutions for some of the world’s largest manufacturers, leveraging the ICI platform combined with our powerful suite of applications. While the ICI solution is ultimately configured for each customer, our CLM for manufacturing capabilities include:

  • Source-to-Contract Functionality

    that surfaces contract insights and supplier performance data during the sourcing process

  • Supplier Auctions Functionality

    that drives cost reductions through competitive bidding, and then seamlessly initiates contracting

  • Supplier Risk Assessment

    and monitoring capabilities, including integrations with third-party partners like Dun & Bradstreet

  • Obligation Tracking

    that ensures compliance with critical KPIs like SLA levels during the entire duration of each contract

  • Integrated Sell-Side Contracting

    such that large customer deals can be structured with all the necessary back-to-back contracting required to ensure profitability and on-time delivery

  • Rigorous Obligations

    and SLA extraction and tracking enable shifts to product-as-a-service business models

Featured Case Study

​"We chose the Icertis ICI platform and ICI Sourcing app because of their ease of use, ability to address every phase in the contracting and sourcing processes, and seamless integration with third-party systems that support the entire procurement life cycle.”
Dr. Stephan Stathel
Operations Lead for New Procurement System

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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.

Explore Icertis Contract Intelligence

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 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