Icertis Named a “Cool Vendor” by Gartner

Pune, India, June 3, 2015: Icertis, the leader in enterprise contract lifecycle management software in the Microsoft cloud, announced today it has been named a cool vendor in the Gartner report “Cool Vendors in Procurement and Sourcing Technology” by Deborah R. Wilson, Magnus Bergfors, published April 13, 2015. The report focuses on vendors that have innovated in service procurement, supplier governance and contract management.

Icertis Contract Management (ICM) provides customers with a robust set of capabilities to manage sell-side, buy-side, and corporate contracts on a single platform. Delivered on the cloud, ICM is a truly modern system, built for today’s agile enterprise - easy to use, highly configurable, and quick to deploy. Its rich analytics and the reporting features of the product help managers quantify contractual performance, increase negotiation intelligence, and uncover hidden value in contracts.

“Contract Management has changed from an independent and standalone workflow into a critical and integrated business process in the enterprise. By making contracting a core part of the order-to-cash and procure-to-pay processes, enterprises can more effectively control cost, maximize revenue, reduce risk, and increase compliance,” said Samir Bodas, co-founder and CEO, Icertis. “The Icertis Contract Management platform is uniquely positioned to help transform contracting into a strategic asset for enterprises.”

Icertis Contract Management offers a best-in-class user experience, driven by consumer user interface principles, to facilitate quick and easy adoption in the enterprise. Usability is further enhanced by its tight integration with the Microsoft Office suite. According to Gartner, by the close of 2017, contractual complexity and audit scrutiny will drive a 40% or higher increase in contract life cycle management (CLM) solution adoption.