Articles from Icertis

Icertis, the global leader in AI-powered contract intelligence, today announced that the Defense Logistics Agency (DLA) has selected Icertis Contract Intelligence to optimize resources, reinforce compliance, and increase transparency across the organization.

Icertis, the global leader in AI-powered contract intelligence, today announced the acquisition of Dioptra to further accelerate its best-of-breed AI technology for enterprise contracting. This marks the next milestone in the company’s long-term AI strategy following the launch of Icertis Vera and bolsters its position at the forefront of contract lifecycle management (CLM).

Icertis today introduced Vera, a smarter AI for contracts that delivers contract intelligence enterprises can trust. Powered by one of the largest repositories of contract data in the world, Icertis Vera reflects the true intent of agreements with unmatched accuracy through deep contextual understanding of the business relationships captured in contracts. Icertis Vera enriches every contract interaction through Vera Copilot, Vera Agents, and applications including Vera Analytics.

Icertis, the global leader in AI-powered contract intelligence, today published a new survey based on responses from more than 1,000 C-suite executives. 83 percent of leaders said AI agents that manage business relationships with customers, suppliers, and partners are a top priority among AI use cases. Results also revealed that 53 percent believe agents will negotiate customer or supplier deals on behalf of their business within the next year, and an additional 34 percent anticipate this shift in the next 1 – 3 years.

Icertis, the global leader in AI-powered contract intelligence, today announced that its CEO and Co-founder, Samir Bodas, will become Executive Chairman after more than 15 years of visionary leadership. Chief Operating Officer, Anand Subbaraman, has been appointed Chief Executive Officer.

Icertis, the global leader in AI-powered contract intelligence, today announced that it has been recognized as a Leader in the IDC MarketScape: Worldwide AI-Enabled Buy-Side Contract Lifecycle Management Applications 2025 Vendor Assessment (doc #US53575125, June 2025).

Icertis, the global leader in AI-powered contract intelligence, today published a new survey based on responses from more than 1,000 C-suite executives. The survey found that nearly 90 percent of C-suite leaders agree tariffs will impact their bottom line, and among strategies to mitigate the effects, contracts are the first line of defense.

Icertis, the global leader in AI-powered contract intelligence, today announced that it has been recognized as a Customers’ Choice vendor in the 2025 Gartner Peer Insights™ Voice of the Customer for Contract Life Cycle Management (CLM) report. Icertis was positioned in the top right quadrant based on the company’s customer rating, reflecting high marks for overall experience, user interest, and adoption.

Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience.

Icertis, the global leader in AI-powered contract intelligence, today announced that Shashi Mandapaty has been appointed to its Strategic Advisory Board as the company builds the agentic future of contracting. Mandapaty was most recently the Chief Procurement Officer at Johnson & Johnson, where he led global procurement of more than $30 billion across 35,000 suppliers to drive innovation and value by embedding procurement into the broader business ecosystem. Procurement Magazine recognized Mandapaty as the no. 1 CPO in Healthcare and no. 2 overall CPO in its Top 100 Leaders for 2025.

Icertis, the global leader in AI-powered contract intelligence, today announced that World Vision, Inc. has selected its contract intelligence platform to centralize contracting across the organization. Icertis will enable World Vision to standardize and simplify contracting processes while gaining greater visibility and transparency into supplier spend.

Icertis, the global leader in AI-powered contract intelligence, today announced that it has been recognized as a Leader in The Forrester Wave™: Contract Lifecycle Management (CLM) Platforms, Q1 2025. Icertis received the top score in the Strategy category, along with the highest possible scores in criteria for Vision, Innovation, Roadmap, Partner Ecosystem, Community, and Usability.

Icertis, the global leader in AI-powered contract intelligence, today announced the integration of its contract intelligence platform with DeepSeek R1. This is the latest AI model integration as part of Icertis’ OmniModel™ strategy to provide customers the choice to leverage different AI models while solving complex contracting challenges to optimize both outcomes and costs.

Icertis, the global leader in AI-powered contract intelligence, has published the 2025 ProcureCon Chief Procurement Officer Report in partnership with ProcureCon Insights. The annual survey found that 90 percent of procurement leaders have considered or are already using AI agents to optimize operations in the year ahead.

Icertis, the global leader in AI-powered contract intelligence, was named a winner in the 2025 BIG Innovation Awards, presented by the Business Intelligence Group. This recognition highlights the company’s leadership in integrating Generative AI and best-in-class large language models (LLMs) with an AI-ready platform that leverages contract data to optimize every business relationship for the world’s largest enterprises.

Icertis, the global leader in AI-powered contract intelligence, today announced that AIDS Healthcare Foundation (AHF) has selected its contract intelligence platform to streamline contract management across 47 countries. Icertis will enable AHF to optimize margins by ensuring compliance, controlling costs, and capturing revenue in contracts.

Icertis, the global leader in AI-powered contract intelligence, today announced Icertis for Microsoft Dynamics 365 Supply Chain Management to unlock strategic value across supplier relationships. The Icertis platform now embeds seamlessly with Dynamics 365, delivering contract intelligence directly in procurement processes to help customers control costs and mitigate supplier risk.

Icertis, the global leader in AI-powered contract intelligence, today released its 2025 executive insights survey titled Powering Profitability: The new economics of customer and supplier relationships. Based on responses from more than 1,000 c-suite leaders, the survey found that 90 percent of CEOs and over 80 percent of CFOs are leaving money on the table during contract negotiations. After a contract is signed, businesses also lose an average of 9 percent of the agreement’s overall value, leading to substantial profitability erosion and millions in unrealized revenue across growing customer networks and complex supply chains.

Icertis, the global leader in AI-powered contract intelligence, today announced that it has been named a Leader in the 2024 Gartner Magic Quadrant for Contract Life Cycle Management (CLM)1. Gartner analysts identified Icertis as a Leader for the fifth consecutive year, recognizing the company for its Completeness of Vision and Ability to Execute among 17 CLM vendors.

Harvey is thrilled to announce a new integration with Icertis, the global leader in AI-powered contract intelligence. This partnership marks the first time Harvey’s domain-specific models will be available to enterprise users via a third-party Contract Lifecycle Management platform (CLM). Icertis is the leading CLM platform and manages contracts for a third of the Fortune 100, including Microsoft, Johnson & Johnson, Mercedes-Benz, and JP Morgan Chase.

Icertis, the global leader in AI-powered contract intelligence, today announced it has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud computing companies in the world. In its sixth consecutive recognition on the list, Icertis advanced from number 85 in 2019 to 39 in 2024.

Icertis, the global leader in AI-powered contract intelligence, today announced it received the 2024 AI Breakthrough Award for AI Platform Innovation. Icertis was recognized for its AI-powered platform that structures and connects contract data across the enterprise to deliver insights and performance that helps grow revenue, cut costs, mitigate risk, and ensure compliance.

Icertis, the global leader in AI-powered contract intelligence, today announced it has won the Defense and Intelligence 2024 Microsoft Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

Icertis, the global leader in AI-powered contract intelligence, today announced a new strategic partnership with BearingPoint aimed at transforming contract management for companies worldwide. This collaboration combines BearingPoint’s extensive advisory and implementation expertise with the advanced enterprise-grade technology of the Icertis platform to deliver innovation and efficiency.

Icertis, the global leader in AI-powered contract intelligence, has appointed Anand Subbaraman as Chief Operating Officer and Jay Lee as Chief Marketing Officer. Proven leaders in their fields, these technology industry experts will build on the momentum that Icertis has experienced over the last several years as it delivers powerful results that enable customers to grow revenue, cut costs, mitigate risk, and ensure compliance.

Icertis, the global leader in AI-powered contract intelligence, today announced a new partnership with Evisort to accelerate customers’ journey to contract intelligence. This strategic partnership enhances value from the Icertis platform, enabling new and existing Icertis customers to leverage Evisort’s contract-specific AI engine to accelerate the ingestion and analysis of contract data to deliver actionable insights and optimized workflows.

Icertis, the global leader in AI-powered contract intelligence, today announced its recognition on the 2024 Americas’ Fastest Growing Companies list by the Financial Times. Icertis ranked #227 on the prestigious list of 500 companies across 20 countries in North, Central, and South America.

Icertis, the global leader in AI-powered contract intelligence, received the highest 360-degree rating from MGI Research in the firm’s latest Contract Lifecycle Management (CLM) Buyer’s Guide, earning the top position among CLM vendors.

Icertis, the global leader in AI-powered contract intelligence, is recognized as a Customers’ Choice vendor in the 2024 Gartner Peer Insights™ Voice of the Customer for Contract Life Cycle Management (CLM) report. Icertis placed in the top right quadrant based on the company’s customer ratings for overall experience, user experience, and adoption.

Icertis, the global leader in AI-powered contract intelligence, today announced it was named a winner in the 2024 Artificial Intelligence Excellence Awards program led by the Business Intelligence Group. Icertis was the only contract lifecycle management (CLM) vendor selected for its commitment to AI innovation with the delivery of Icertis Copilots, the market’s first enterprise-grade generative AI applications that automate high-volume contract reviews, protect businesses from risk, and deliver data-driven insights to create value in commercial relationships.