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:
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:
that surfaces contract insights and supplier performance data during the sourcing process
that drives cost reductions through competitive bidding, and then seamlessly initiates contracting
and monitoring capabilities, including integrations with third-party partners like Dun & Bradstreet
that ensures compliance with critical KPIs like SLA levels during the entire duration of each contract
such that large customer deals can be structured with all the necessary back-to-back contracting required to ensure profitability and on-time delivery
and SLA extraction and tracking enable shifts to product-as-a-service business models
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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.
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.
The Icertis Collaboration Portal extends controlled access to the Icertis Contract Intelligence platform to outside organizations for more effective collaboration throughout the contract lifecycle.