#1 most frequent
United States of America
68.4%475 installations of 694
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
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Screenshot of Intelligent Contract Set-up: Intelligent Contract Setup: Personalized, role-based experience for any type of user with flexibility models for complex organizations
Top Performing Features
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: 8.4
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
Areas for Improvement
Custom contract reports
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
Category average: 7.9
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
Who Buys & Uses Icertis
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
4.6%32 installations of 694
#3 most frequent
Germany
4.3%30 installations of 694
Still on the fence
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
Icertis - a love to be improved
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
Icertis Review
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
Straightforward product with approachable support team.
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
Icertis Review
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
