Icertis
Transforming Enterprise Contract Management with Icertis Contract Management in the Cloud

Icertis Honors 2022 Partner of the Year Award Winners

Wednesday, February 15, 2023

BELLEVUE, Wash -Icertis, announced the winners of its second annual Icertis Partner of the Year Awards. Accenture, Elevate, PwC, and SAP were honored at the Icertis Global Partner Summit, in San Diego, California.

The Icertis Partner Awards recognize successes related to driving enterprise-wide digital transformation for customers with Icertis Contract Intelligence as the company continues to expand its lead in the booming $30 billion market for CLM.* Icertis is uniquely positioned to help businesses increase revenue, generate cost savings, reduce risk, and ensure greater compliance by leveraging the power of AI to rapidly digitize contracts, enabling companies to structure contract information and connect data to the surrounding systems that contracts touch, including ERP, SCM, CRM, and HCM solutions.

"Partners are integral to realizing our vision of transforming the foundation of commerce – contracts – with contract intelligence. As Icertis continues to deepen our partnerships, customers benefit from co-innovation, seamless integrations, and quick deployments that drive strategic outcomes like accelerated revenue, increased savings, and reduced risk by delivering AI-powered insights and automation," said Troy Wright, Senior Vice President, Alliances and Partners, Icertis. "Icertis is privileged to recognize such an exceptional group of companies who have contributed to helping our shared customers unlock the value of the unique business information contained in their contracts to ensure the intent of every business relationship is correctly captured and fully realized."

As the first-ever CLM technology provider to recognize its partners with Partner of the Year Awards, Icertis honored four of its partners in the following five categories for outstanding achievements in 2022. Winners were determined based on several factors, including Icertis integrations, depth of certified resources, and sales and implementation excellence.

• Technology Partner of the Year – SAP

• Alliance Partner of the Year (Americas) – PwC

• Alliance Partner of the Year (EMEA) – Accenture

• Alliance Partner of the Year (APAC) – PwC

• Midmarket Partner of the Year – Elevate

Vaillant Group Selects Icertis to Digitize Contract Management

Thursday, August 10, 2023

One of Germany's Leading Manufacturers of Central Heating Systems will Integrate Icertis with SAP to Increase Efficiency and Improve Compliance

FRANKFURT, Germany, -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), today announced that Vaillant Group has selected Icertis Contract Intelligence (ICI) to digitally transform its contract-driven processes across enterprise operations in 60 countries. Through integrations with Vaillant Group's core systems, including SAP Ariba and Salesforce, Icertis will drive efficiency and enable increased visibility and compliance with obligations in the company's business relationships.

Vaillant Group serves more than 30 million customers worldwide with energy-saving technologies for heating, cooling, and hot water supply. The company will rely on Icertis as the single source of truth for commercial agreements, equipping its leaders and employees with the transparency and AI-powered analytics the organization needs to promote future growth through unique insights into contract data. Vaillant Group will utilize the Icertis DiscoverAI application, which applies AI to connected contract data, enabling the business to further optimize negotiations and automate risk and compliance discovery in third-party contracts when paired with the core ICI platform.

"Contract intelligence is increasingly important for companies that operate under stringent regulatory requirements in multiple countries. Sourcing teams charged with manual compliance review for every new contract could be reallocating resources to more strategic initiatives with the right contracting solution in place," said Roman Howe, Vice President, Europe, Icertis. "The power of Icertis Contract Intelligence integrated with SAP solutions will help Vaillant Group achieve the automation they need to move faster, realize value, and ensure compliance as new regulations become increasingly widespread – all while positioning their business for future growth."

Icertis helps businesses increase revenue, reduce costs, improve compliance, and eliminate risk by structuring and connecting contract data across the enterprise and applying AI to ensure the intent of every business relationship is correctly captured and fully realized. The data from contracts offers one of the largest untapped opportunities for businesses to deliver outcomes that are critical in the current environment, positioning companies like Vaillant Group to outpace the competition by maximizing the value of their business relationships. Icertis also enables the scalability to manage the size and scope of complex contract portfolios, equipping Vaillant Group and customers globally with enterprise-grade functionality to support performance throughout contract lifecycles.

Icertis was the first company to grasp the true potential of CLM and has boldly pursued the vision of enterprise-wide contract intelligence for over a decade. The company continues to build momentum within the $30 billion CLM market1 as the world's largest brands choose to turn their commercial agreements into strategic advantage with Icertis. To learn more about Contract Intelligence, visit www.icertis.com.

Icertis Wins Gold Stevie® Award for Technology Innovation

Thursday, August 17, 2023

BELLEVUE, Wash.-- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), today announced it has been named the winner of the Gold Stevie® Award for Achievement in Technology Innovation and a Silver Stevie® Award for Fastest Growing Company of the Year in the United States and Canada.

The 2023 International Business Awards® program received entries from organizations in 61 nations and territories. More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Stevie Award winners were determined by the average scores of more than 230 executives worldwide who participated in the judging process in June and July.

Icertis Contract Intelligence harnesses the power of AI to enable the world's largest enterprises to realize unmatched value from their commercial relationships. The Icertis platform is quickly becoming the fifth enterprise system of record, equally as essential to core operations as ERP, CRM, HCM, and SCM solutions. Bringing together purpose-built AI with data that reflects every transaction and agreement across a business, Icertis is reimagining the role of contracts in automating core operations, accelerating digital transformation, and driving strategic decision-making around revenue, savings, and risk.

Icertis secured these prestigious accolades based on a multitude of innovation and growth milestones, including:

• Reinforcing its unique ability to drive strategic outcomes for customers, including Mercedes-Benz, Ferring Pharmaceuticals, and Microsoft.

• Delivering the market's first generative AI applications for enterprise contracting, Icertis Contract Intelligence Copilots powered by Icertis ExploreAI Service, to help businesses turn their commercial agreements into interactive assets that achieve a step-change in contract efficiency and insights.

• Securing accolades as one of the Fastest Growing Companies in the Americas by the Financial Times and one of the top private cloud companies worldwide in its fifth consecutive appearance on the Forbes 2023 Cloud 100 list, alongside continued recognition for AI excellence.

• Reaffirming its standing at the helm of the CLM market, with leadership positions in the Gartner® Magic Quadrant™ for CLM and the IDC MarketScape for CLM.

• Driving continued growth through strategic partnerships, including AI-focused collaborations with Microsoft and PwC, a new alliance with KPMG, a 360-degree relationship with Grant Thornton, and continued success with SAP in a record year of momentum for the partnership.

"This has been a breakout year for Icertis in generative AI innovation. ChatGPT illuminated the world to what we've long recognized for over a decade, which is AI's ability to power revolutionary transformation in the way businesses operate," said Monish Darda, CTO and Co-founder of Icertis. "These International Business Award recognitions further exemplify our continued innovation and growth as we deliver massive customer value with AI-powered contract intelligence and fulfill our vision of transforming the foundation of commerce – contracts."

The International Business Awards are the world's premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations.

"Nominations to the IBAs get better every year, and this year's class of Stevie winners is the most impressive yet," said Stevie Awards president Maggie Miller. "The winners have demonstrated that their organizations have set and achieved lofty goals. We congratulate them on their recognized achievements and look forward to celebrating them on stage in Rome on 13 October."

World Commerce & Contracting and Icertis Deliver Global Perspective on Contract and Commercial Management in 2023 Benchmark Report

Wednesday, November 22, 2023

BELLEVUE, Wash., -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), and World Commerce & Contracting, the global leader in independent research in commercial and contract management (CCM), have published the 2023 Benchmark Report titled CCM: The Journey to Operational Excellence.

More than 750 organizations globally were surveyed to inform findings around top trends and challenges in contracting, including how volatile market conditions are catalyzing continued change in commercial policies and calling for a more integrated and adaptive approach to contract management. Respondents included legal, finance, procurement, and sales decision-makers who play a pivotal role in contract management across businesses spanning manufacturing, retail, public sector, healthcare, and more.

"Regulatory pressures, geopolitical risks, the impact of AI, and supply chain disruptions are just some of the factors motivating today's business leaders to reevaluate critical capabilities like their contracting processes," said Tim Cummins, President of World Commerce & Contracting. "Those who have already pursued digitally enabled commercial management operations are not only more competitive in their markets, but also realize a substantial uplift in profitability according to our research."

Key findings from the 2023 Benchmark Report include:

• More than 90 percent of executives understand the need for better contracts and more streamlined operations, leading 40 percent of organizations to consider implementing a new CLM in the next 12 months. However, lack of budget and the availability of resources remain barriers to strategic priorities like improving internal processes (71 percent), increasing strategic relevance (68 percent), and upskilling staff while attracting and retaining talent (58 percent).

• Average contract value erosion is now nearly 9 percent, creating a significant bottom-line impact for businesses that manage thousands of commercial agreements. Value erosion reached an all-time high in 2020 at nearly 11 percent as a result of COVID-19 and has steadily decreased over the past three years.

• The role of contract management resources in Environmental, Social, and Governance (ESG) adoption has increased more than 5 percent over the last two years, but only 14 percent of survey respondents have made the connection between ESG and contracts in strategic planning. This gap pinpoints a significant area of opportunity to better prepare for shifting ESG regulations.

• Nearly 30 percent of the workforce is involved in the contract management process for their organization. However, in medium to large businesses, contract data is housed in an average of 24 different systems, leading to challenges in transparency and collaboration.

"Grasping the innate complexity of contract-driven processes across the enterprise and investing in the right technology is critical for businesses to stay ahead in their industries amidst shifting market conditions," said Bernadette Bulacan, Chief Evangelist, Icertis. "Icertis is committed to partnering with organizations like World Commerce & Contracting to address unique contracting challenges and equip our customers with the insights, automation, and AI necessary to drive their enterprise forward by tapping into contracts as one of their most valuable assets."

The 2023 Benchmark Report is based on research undertaken by World Commerce & Contracting from June to September 2023. Download the full report to learn more: https://info.worldcc.com/benchmark-2023

Icertis Recognized as Winner of 2024 Microsoft Defense and Intelligence Partner of the Year

Thursday, June 27, 2024

BELLEVUE, Wash.-- Icertis, lthe global leader in AI-powered contract intelligence, today announced it has won the Defense and Intelligence 2024 Microsoft Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“Government contractors need a single source of truth that provides clarity on the intent of every commercial agreement at every stage of the contract lifecycle. By automating and standardizing contract management and delivery processes, contractors secure more federal contracts and improve compliance and performance,” said Deanna Lanier, Chief Strategy Officer at Icertis. “Icertis’ relationship with Microsoft is deeply rooted in enhancing customer value across industries. Receiving the Microsoft Defense and Intelligence Partner of the Year award underscores our commitment to collaborating with Microsoft, ensuring government contractors gain a competitive advantage throughout the entire federal contract lifecycle.”

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft Cloud applications, services, devices, and AI innovation during the past year. Awards were classified in various categories, with honorees chosen from more than 4,700 nominations from more than 100 countries. Icertis was recognized for providing outstanding solutions and services in Defense and Intelligence.

Recognized by Microsoft for seven consecutive years, this marks the first time Icertis has been awarded for its government-specific expertise. The award recognizes Icertis for empowering government contractors to deliver on their contractual commitments to the U.S. Federal Government and taxpayers.

“Congratulations to the winners and finalists of the 2024 Microsoft Partner of the Year Awards!” said Nicole Dezen, Chief Partner Officer and Corporate Vice President at Microsoft. “The momentum generated by numerous AI & Copilot announcements this year fueled innovation from our partners, enabling groundbreaking services and solutions to customers. I am inspired by the capability and creativity in our partner ecosystem and this year's winners beautifully demonstrate the best of what’s possible with AI and the Microsoft Cloud.”

The 2024 Microsoft Partner of the Year Awards are announced ahead of MCAPS Start for Partners, Microsoft's digital event on July 10th and 11th. Partners will receive recognition at MCAPS Start for Partners ahead of in person celebrations during the week of Microsoft Ignite in November. Additional details on the 2024 awards are available on the Microsoft Partner blog: https://aka.ms/POTYA2024_announcement. The complete list of categories, winners, and finalists can be found at https://aka.ms/2024POTYAWinnersFinalists.