Icertis

Icertis is an AI-powered contract intelligence platform that streamlines contract lifecycle management (CLM), improving efficiency and reducing risk for enterprises.

Contract authoring Contract negotiation Contract analysis Contract repository Contract compliance Contract risk management Contract renewal Automated workflows

Tool Information

Primary Task	Contract management
Category	business-and-finance
Sub Categories	legal-and-compliance workflow-automation
API Available	Yes
Founder(s)	Samir Bodas
Country	United States
Launch Year	2009

Icertis is a leading AI-powered contract intelligence platform designed to transform how businesses manage their contracts. It offers a comprehensive solution covering the entire contract lifecycle, from authoring and negotiation to execution, analysis, and renewal. The platform leverages AI and machine learning to automate various tasks, including contract extraction, analysis, and risk assessment. This automation significantly reduces manual effort, improves accuracy, and speeds up the overall contract process. Key features include AI-driven contract authoring, intelligent search and retrieval, automated workflows, risk mitigation tools, and robust analytics dashboards. Icertis caters to a wide range of industries and enterprise sizes, helping them manage complex contracts, mitigate legal and financial risks, and improve compliance. Its unique selling points include its advanced AI capabilities, its ability to handle large volumes of contracts, and its focus on providing a user-friendly experience. The platform works by integrating with existing systems, centralizing contract data, and providing users with a single source of truth for all contract-related information. This centralized approach enhances collaboration, improves visibility, and enables better decision-making. Icertis's robust analytics capabilities provide valuable insights into contract performance, helping businesses identify areas for improvement and optimize their contract strategies. Overall, Icertis aims to empower organizations to manage their contracts more efficiently, effectively, and strategically.

Icertis is a prominent provider of AI-powered contract lifecycle management (CLM) solutions, helping businesses turn contracts into strategic assets. Founded in 2009 and headquartered in Bellevue, Washington, Icertis transitioned from an IT services firm to a dedicated SaaS company focused on CLM by 2012. The company employs over 1,000 people and serves a wide range of clients, including more than one-third of the Fortune 100.

The Icertis Contract Intelligence (ICI) platform is central to their offerings. It utilizes AI to structure and connect critical contract information, supporting over 10 million contracts across 90+ countries. The platform integrates seamlessly with major enterprise systems, enhancing contract management and compliance. Icertis is also recognized for its innovative approach, being a leader in Gartner's CLM Magic Quadrant and a launch partner for Microsoft Azure OpenAI.

Pros
AI-powered automation Comprehensive CLM solution Centralized contract repository Improved efficiency and accuracy Reduced risk and compliance issues Robust analytics and reporting

Cons
Pricing may be high for smaller businesses Steep learning curve for some users Integration with existing systems may require effort

Management Team

Curt Anderson

CFO

Samir Bodas

CEO and Co-Founder

Yogesh Kulkarni

Principal Architect - CTO Office

Frequently Asked Questions

1. What is Icertis and what is its main purpose?

Icertis is an AI-powered contract intelligence platform designed to transform how businesses manage their contracts. Its main purpose is to streamline contract lifecycle management (CLM), improving efficiency and reducing risk for enterprises.

2. What are the key features and capabilities of Icertis?

Icertis offers contract authoring, negotiation, analysis, repository, compliance, risk management, renewal, and automated workflows. It leverages AI for contract extraction, analysis, and risk assessment, and includes intelligent search, and robust analytics dashboards.

3. Who is the target audience for Icertis?

Icertis caters to a wide range of industries and enterprise sizes, helping them manage complex contracts, mitigate legal and financial risks, and improve compliance.

4. What are the advantages of using Icertis?

Icertis offers AI-powered automation, a comprehensive CLM solution, a centralized contract repository, improved efficiency and accuracy, reduced risk and compliance issues, and robust analytics and reporting.

5. What are some limitations of Icertis?

Potential drawbacks include potentially high pricing for smaller businesses, a steep learning curve for some users, and the possibility that integration with existing systems may require significant effort.

6. What category does Icertis belong to, and what are its primary and applicable tasks?

Icertis falls under the 'development-and-technical' category. Its primary task is contract management, with applicable tasks including contract authoring, negotiation, analysis, repository management, compliance, risk management, renewal, and automated workflows.