Modern passenger and freight transportation companies compete in a heavily regulated business environment and rely on complex partner and customer programs to ensure quality service and loyalty. They also manage complex supply chains to procure the goods and equipment necessary to fulfill their mandate. And contracts underpin this entire industry.
If left unaddressed, these challenges have the potential to lead to dissatisfied customers, costly non-compliance, and higher procurement costs.
In working with some of the world’s largest transportation companies, Icertis has identified several common contracting challenges:
Icertis’ transportation solutions offer unmatched benefits across the entire enterprise. We handle all contract types, have integrations with other enterprise systems, and can ensure that companies continue to maximize the value of their contracts long after each one is signed.
management that gives companies centralized control over what clauses go into contracts across the world, ensuring compliance and providing deep visibility into active contract language in case of regulatory change
for managing partner and loyalty program contracts, which greatly reduces administrative overhead and eliminates the need for double entry of data
with ERP, CRM, POS, and other systems to allow for data to both “push” and “pull” into the contract management platform, automating enforcement of contract terms tied to commercial and market conditions
to enable companies to manage the entire source-to-contract process from the ICI platform, helping them get the best price and contract terms during negotiations and track warranties and other guarantees over the lifetime of the procured goods and material
and AI-assisted digitization of legacy contracts to enable companies to quickly search across thousands of documents so that no contract goes unfound
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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.
Interested in digital transformation across your company? Icertis partner CloudMoyo’s Rail Transportation Management (CRTM) suite empowers railroads to digitize their core operations, revenue functions, and asset and crew management processes. Powered by a sophisticated optimization engine, intelligent algorithms, advanced analytics, and AI/ML, CRTM offers enterprise-wide operational visibility to streamline operations, reduce costs, and drive efficiency as railroads look to accelerate digital transformation within their companies.