Procurement Magazine July 2023 | Page 56

ICERTIS :

Propelling CLM into rich contract intelligence

As Chief Evangelist at Icertis , Bernadette Bulacan says contract Intelligence is the future of contract lifecycle management , impacting revenue , costs , compliance and risk
WRITTEN BY : ILKHAN OZSEVIM IMAGES : ICERTIS

Samir Bodas and Monish Darda saw the untapped power of the cloud as an opportunity to enable businesses with realtime data , helping them to move faster , smarter , and more efficiently . What started in 2009 as a vision to deliver transformational technology that brings more trust and certainty to the world has evolved into Icertis , an analyst-validated leader in Contract Lifecycle Management ( CLM ) and the pioneer of contract intelligence – a unique category of software that leverages AI to turn static documents into strategic advantages .

Icertis ’ journey to transform the foundation of commerce through contracts has since evolved to establish the company as the preeminent innovator in AI-powered contract intelligence . Icertis has boldly pursued the vision of enterprise-wide contract transformation for over a decade and continues to build momentum as the world ’ s most iconic brands – 30 % of Fortune 100 companies – look to increase revenue , reduce costs , ensure compliance
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