has helped to deepen the impact for enterprises. A European telecom leader identified US $ 35m in savings following a merger, through supplier contract rationalisation efforts, like cancelling redundant agreements and consolidating purchasing power. Additionally, one global pharmaceutical company – on the Fortune 500 list – saved US $ 70m annually by enforcing commercial terms with Icertis for more than 250,000 supplier contracts in 17 languages. Contract intelligence is one of the few AI use cases already delivering ROI at scale.”
“Procurement teams can then negotiate smarter, prioritise the terms that protect margins, standardise compliance and build resilient supply chains”
Bernadette Bulacan, Chief Evangelist, Icertis procurementmag. com 135