Icertis, a contract intelligence company, launched a series of new industry-vertical CLM solutions, delivering industry-specific template configurations, contracting processes, provision/clause AI models and business reports. The tailor-made solutions are built on the Icertis Contract Intelligence (ICI) platform and are designed to speed solution delivery by up to 30%.
"Organizations are racing toward digitization to better adapt to supply chain disruptions and ever-changing markets that demand agility as a new normal," said Niranjan Umarane, executive vice president of product management, Icertis. "ICI Industry Vertical Solutions are designed for quick deployment and adoption of a comprehensive orchestration and governance layer that delivers execution agility without any trade-offs on risk and compliance. They reflect the best of our solution expertise, stemming from a trillion dollars of contracts managed by customers on the ICI platform and gleaned from the most complex vertical CLM implementations in the world."
Recognizing the need for a governance layer in contracting amid market disruptions, Icertis delivers vertical solutions that speed the benefits of CLM to enterprise and mid-market organizations. The first Icertis industry vertical CLM solutions include ICI for CPG & Distribution, ICI for Healthcare, ICI for IT & Professional Services, ICI for Life Sciences and ICI for Technology
Icertis plans to release its second phase of vertical solutions — for Healthcare providers, Government, Pharmaceutical, and Retail — in early 2022.
Icertis is a contract intelligence company pushing the boundaries of what's possible with CLM. The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today, the world's most iconic brands and disruptive innovators trust Icertis to govern the rights and commitments in their 10 million+ contracts worth more than $1 trillion, in 40+ languages and 93+ countries.
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