Icertis wins the “Best Contract Management Solution” award from FinTech Breakthrough
The Global Awards Program honors Icertis for innovative contract intelligence technology that enables strategic results for finance teams
BELLEVUE, Wash., March 23, 2023 /PRNewswire/ — For sure, the contract intelligence company pushing the boundaries of what is possible with contract lifecycle management (CLM), announced today that it has received the “Best Contract Management Solution” award in the seventh annual FinTech Breakthrough Awards program. This honor follows the company’s recognition as a LegalTech Breakthrough award winner for “Contract Management Innovation of the Year” and is a testament to the strategic results enabled by contract intelligence for finance teams across all industries.
Icertis was chosen from more than 4,000 nominations worldwide for its ability to help companies quickly digitize contracts, structure the information in them into data and connect this data to the surrounding ERP, SCM, CRM and HCM systems that contracts affect. By applying artificial intelligence to contract data, Icertis establishes contract intelligence as the fifth enterprise system and enables companies to increase revenue, reduce costs, ensure compliance and manage risk.
“Today, digital solutions that can read contracts, structure their data and connect that data across the enterprise are changing how companies view their contracts – not as cumbersome documents to manage, but as a strategic advantage to leverage,” said James Johnson, CEO, FinTech Breakthrough. “By applying AI to the critical business information in contracts, Icertis has created a new cutting-edge software category – contract intelligence – and a new approach to contract lifecycle management that supports speed, scale and new insights with every transaction. Congratulations to the Icertis team for winning the ‘Best Contract Management Solution’ award ‘ for 2023!”
Contracts are the foundation of commerce, serving as the single source of truth for relationships between companies and their suppliers, customers, partners and employees. Built for all types of contracts, the Icertis Contract Intelligence (ICI) platform allows finance departments to collaborate with legal and procurement teams to digitally transform contracts and leverage data and AI to inform long-term strategies. With contract intelligence, companies can achieve the transparency and automation necessary to realize critical revenues and outcomes essential to today’s business environment.
“Top banks and finance departments are thinking differently about how contracts impact their business in every way – they are navigating economic uncertainty, evolving competition, increased oversight and increasing regulations, complex investments and operational inefficiencies,” said Jim Burnick, Senior Director of Financial Services, Icertis. “At the core of digital transformation initiatives, Icertis centralizes contract management and integrates contract data with intelligence in other systems for unprecedented insights across the entire organization. Receiving this recognition is a testament to the business value Icertis provides as companies look to ensure the intent of each contract is correct captured and fully realized.”
Icertis was the first company to grasp the true potential of CLM and has boldly pursued the vision of enterprise-wide contract intelligence for over a decade. The company has continued to build momentum as 30 percent of the Global 500 choose to build trust, strengthen ties and create a better world with Icertis.
The awards program is led by Tech Breakthrough, a leading independent market intelligence organization that conducts the industry’s most comprehensive analysis and evaluation of the best technology companies, solutions and products.
About Icertis
With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what is possible with Contract Lifecycle Management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic benefits by structuring and connecting the critical contract information that defines how an organization operates. Today, the world’s most iconic brands and disruptive innovators trust Icertis to manage the rights and obligations of their 10 million+ contracts worth more than 1 trillion dollarsin 40+ languages and 93+ countries.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to honoring excellence in financial technologies and services, companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including payments, personal finance, wealth management, fraud protection, banking, lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
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SOURCE Icertis
