Icertis, an advanced contract lifecycle management (CLM) company, was named a winner in the 2023 Artificial Intelligence Excellence Awards program by the Business Intelligence Group. The award, recognizing organizations and products that bring AI to life, highlights Icertis’ pioneering contract intelligence solution built to meet the complex needs of the enterprise.
The Icertis Contract Intelligence (ICI) platform provides broad connectivity to ERP, SCM, CRM, and HCM systems. By applying AI to 7,000+ contract types in 11 verticals, with 100,000+ contracting attributes, clauses, and obligations, Icertis creates value for customers seeking to drive revenue, reduce costs, ensure compliance, and manage risk through transforming contract-driven operations.
The award is a testament to the Icertis’ innovation, which sees contracts as the foundation of commerce and where single source of truth for relationships between companies and their suppliers, customers, partners and employees can be found. Developing powerful AI to quickly digitize contract data and bring visibility to finance, legal, and procurement teams, Icertis is part of the leading contract management solutions providing enterprises with strategic advantage.
The Icertis team is honored to receive the Artificial Intelligence Excellence Award, which further highlights their differentiating true contract intelligence from traditional contract management. Monish Darda, Chief Technology Officer and Co-founder of Icertis, stated “Transforming contracts into structured, connected data is just the beginning as we pioneer contract intelligence and explore how innovations like generative AI will transform the way businesses fully realize the intent of their commercial agreements.”
Recently honored by the Financial Times as one of the fastest growing companies in the Americas and recipient of the LegalTech Breakthrough award for ‘Contract Management Innovation of the Year’ and the FinTech Breakthrough award for ‘Best Contract Management Solution’, Icertis has been recognized as a leader in Gartner’s Magic Quadrant for Contract Life Cycle Management for the last three consecutive years.
Maria Jimenez, Chief Nominations Officer for Business Intelligence Group, congratulated Icertis for using AI to improve the lives of customers, saying “It was clear to our judges that Icertis is using AI to improve the lives of its customers and transform business operations. Congratulations to the entire team!”
