Icertis

Score9.7 out of 10

48 Reviews and Ratings

What is Icertis?

Icertis supports contract lifecycle management (CLM). The analyst-validated Icertis Contract Intelligence (ICI) platform aims to turn contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Icertis boasts users among iconic brands and disruptive innovators who use Icertis to fully realize the intent of their combined 7.5 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries.

Categories & Use Cases

Media

Intelligent Contract Set-up: Intelligent Contract Setup: Personalized, role-based experience for any type of user with flexibility models for complex organizations

Contract Operations: Self-service contracting with intelligent contract negotiations and bulk processing for quick responses

Governance Risk & Compliance: Enables users to proactively identify, assess and manage all contract risks and ensure the fulfillment of contractual obligations based on proactive insights from ICI’s compliance tools.

Reporting & Dashboards: Improves visibility to reduces contract cycle times improve negotiation outcomes with dashboards and reports

Analyze Obligations: Obligations and fulfilments can be viewed from customized reports- across users, contract types, and status

Obligation Dashboard: Provides a 360-degree view of compliances with micro-actionable insights to the level of individual agreements

Supplier Onboarding: Identifies suppliers and onboard them- at the same time ensuring organizational compliance and reducing supplier risks

Supplier Registration Identifies suppliers and onboards them at the same time to ensure organizational compliance and reducing supplier risks

AI Studio Dashboard: Multiple sets of documents can be analyzed in a single action and contract intelligence generated for real-time decision-making.

Discover AI: Uses AI to discover attributes and clauses by matching contract language in legacy and third-party contracts

Visualize AI: Provides a view of the entire contract portfolio, navigate relationships to discover patterns

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Contract templates
Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.
Category average: 8.5
Clause library/saved fields
Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.
Category average: 7.8
Contract creation
Includes a document generator and tools for creating new contracts.
Category average: 8.8

Custom contract reports
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
Category average: 8
Contract sharing
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
Category average: 8.2
Approval process
Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.
Category average: 7.7

Kristen Danias View profile

Master Sourcing Vendor Management Analyst at Erie Indemnity Company (1001-5000 employees employees)

Use Cases and Deployment Scope

We use Icertis in Sourcing and Vendor Management. We have just implemented with the rest of the team. Still trying to figure out how to updater some of the templates and how the Discover Clause will assist with our reviews prior to sending to legal.

Pros

potential for good sourcing and legal review flow
Version control

Cons

Too many clicks to get things done
Fixing items once they have been built in a template

Return on Investment

Increased time on sending items to legal

Other Software Used

SAP Ariba Contracts, OneSpan Sign, ProcessUnity Vendor Risk Management

Benedikt Reichart

Business Dev. Manager in Sales at BECTON DICKINSON - MDS B2B (10,001+ employees employees)

Use Cases and Deployment Scope

contract data base and standardized process

Pros

support
well structured process provided

Cons

ultimately problem solving, besides offering quick support
easy to understand

Return on Investment

process improvement, speed

Other Software Used

Out'n About! For Outlook

Avery Hayek View profile

Sr. procurement Analyst in Professional Services at Kemper (5001-10,000 employees employees)

Use Cases and Deployment Scope

We use Icertis to route our contracts for legal and Infosec review. It is also used to store existing contracts.

Pros

Allows Business Units to submit requests easily
provides high visibility to workflow, comments, and questions
great search functionality

Cons

Being able to redline within the system
Being able to complete sourcing projects start to finish

Return on Investment

Visibility to contract workflow
Manages requests well, saving time and confusion

Alternatives Considered

Ivalua Source-to-Pay

Dernea Michaux-Davis

Director of legal operations in Legal at Kemper Corporate Services (10,001+ employees employees)

Use Cases and Deployment Scope

Kemper uses Icertis for vendor agreement review workflow. It’s used as an agreement intake tool, legal and security review workflow, and as a repository for contracts. The procurement team also uses it for other purposes related to contract and vendor management.

Pros

Routes contracts for review
Informs you of the status of your contract review request
Contracts repository

Cons

I’d like to see a graphical dashboard showing the history of my requests by vendor, with links to associated executed agreements

Return on Investment

As an end-user, I don’t have a perspective on this, outs today the benefit of knowing my contract will get the appropriate level of review prior to execution

Other Software Used

LexisNexis CounselLink, Lexis Advance

Usability

Verified User

Employee in Corporate (10,001+ employees employees)

Use Cases and Deployment Scope

We needed to centralize all our contracts in one place and centralize our contracting processes as much as we can. Icertis houses our contracts. For now it is primarily to ensure they are all in one place.

Pros

Create templates
Create attributes

Cons

Reporting
Interface is kind of clunky
More ability for administrators to independently make changes without relying on support

Return on Investment

Less time spent on contracts
One place to search for contracts
Less time spent managing templates

Alternatives Considered

SAP Ariba Contracts

Other Software Used

Coupa, Workday Human Capital Management

PandaDoc

Conga CLM

SAP Ariba

Icertis

What is Icertis?

Categories & Use Cases

Media

Key Features

Top Performing Features

Contract templates

Clause library/saved fields

Contract creation

Areas for Improvement

Custom contract reports

Contract sharing

Approval process

Reviews

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Other Software Used

Use Cases and Deployment Scope

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Other Software Used

Use Cases and Deployment Scope

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Alternatives Considered

Use Cases and Deployment Scope

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Other Software Used

Usability

Use Cases and Deployment Scope

Pros

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Return on Investment

Alternatives Considered

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