Icertis offers cloud-based contract lifecycle management software in its flagship product, Icertis Contract Management (ICM). Recently named by Gartner as a Cool Vendor in the report “Cool Vendors in Procurement and Sourcing Technology, 2015”, the system is capable of managing sell-side, buy-side, and corporate enterprise contracts on one platform and readily integrates with leading ERP and CRM solutions in the market through open interfaces. Users also do not have to undergo extensive training to start using the program.
Traditionally, contract management solutions offer four functional axes: Authoring, Execution, Boilerplate, and Administration. In addition to this baseline functionality, ICM incorporates two additional axes: Compliance/Governance and Risk Management. The Icertis Contract Management solution accelerates contracting velocity and tracks transactions to enforce contract terms across order-to-cash and procure-to-pay processes. The system's analytics and reporting features help managers stay on top of contractual risk, quantify contractual performance, and increase negotiation intelligence.