Icertis contract management software has been recognized by global research analyst firms Gartner and Forrester, making the company a Leader in Gartner’s latest “Magic Quadrant for Contract Life Cycle Management” and a Leader in “Forrester Wave: Contract Lifecycle Management For All Contracts Q1 2021 ”report.
In 2020, with the height of the supply chain and workplace disruptions caused by the global pandemic, German software enterprise SAP and contract intelligence company Icertis have allied together to help organizations accelerate the modernization of their contracts. management system in a bid to drive business continuity and reduce risks. The collaborative partnership developed three integrated solutions that complement SAP technologies-Icertis Contract Intelligence (ICI) for SAP Ariba, Icertis Contract Intelligence (ICI) for SAP Customer Experience, and Icertis AI for Accelerated Contract Transformation. – to advance SAP customers ’journey of being smart amidst unprecedented challenges.
With integrated solutions gaining global traction from SAP customers including Boeing, Johnson & Johnson, and ServiceNow just one year into the SAP Store, Icertis was recognized as the winner of the 2021 SAP Pinnacle Award: SAP Store Partner of the Year. Fast forward to 2022, SAP and Icertis are expanding their collaborative partnership in the Contract Lifecycle Management space to further leverage enterprise contract intelligence opportunities.
Sharing about the deepening alliance, SAP CEO Christian Klein said:
“The expanded partnership with Icertis will help our customers take advantage of market -leading innovations for contract management from Icertis while managing key business processes using SAP solutions. This partnership will a great addition to our portfolio, with multiple touchpoints on SAP systems across ERP, finance, procurement, sales, and HR. ”
Expanding Icertis Contract Management Capabilities
Under the strategic partnership, SAP will invest funds in Icertis to develop a product roadmap and develop additional integration solutions that will help their joint customers achieve enhanced efficiency and streamline productivity. contracts and processes while minimizing risks. Combining SAP’s intelligent enterprise applications and Icertis ’intelligent contract management solution known as the Icertis Contract Intelligence Platform, customers can expect to experience advanced AI-powered analytics, real-time contract intelligence, and good compliance for maximum business results. Furthermore, Icertis Contract Intelligence (ICI) for SAP Ariba solutions and ICI for SAP Customer Experience solutions have earned SAP Endorsed Apps status, an invitation -only initiative that strengthens the credibility of the partner solutions from achieving SAP premium certification.
Samir Bodas, CEO of Icertis, commented that through the SAP-Icertis partnership, their shared customers can achieve end-to-end value across the enterprise from properly memorized and fully optimized solutions. contract. He added:
“Partnering with SAP to bring our AI -powered, best breed of contract intelligence to market is another endorsement of Icertis’ strategy to become the world’s contract intelligence platform. It is also a testament to SAP’s vision for smart and networked business. ”
The Icertis Contract Intelligence Platform is an analyst-validated and AI-powered solution that spans the entire lifecycle of contract management capabilities – from smart contract setup to negotiations and management of ongoing contract operations – which helps organizations change contracts to strategic advantage. The Washington-headquartered company with offices covering North America, Europe, and Asia including one in Australia, has Contract Lifecycle Management (CLM) solutions designed for a variety of industries such as Energy and Utilities, Financial Services, Healthcare, and Transportation, among many.