Icertis Contract Intelligence: The Smartest Way for FedEx to Structure and Connect Its Contracts
The Icertis Contract Intelligence platform is trusted by legal departments at the world’s most iconic brands and disruptive innovators for its ability to help them work faster, smarter, and more efficiently, with the complete visibility and high-impact insights they need to better manage risk and ensure compliance. Learn how Sanofi gained efficiency and reduced risk by harmonizing contracts across operations with Icertis Contract Intelligence.
Icertis combines best-in-class contract lifecycle management (CLM) capabilities with advanced applications and integrations to deliver contract intelligence to legal.
With Icertis Contract Intelligence, FedEx's legal ops department can gain:
Speed
With Icertis Contract Intelligence, legal can outpace the competition by streamlining and automating every step in the contract process, from structuring and signing to dynamic obligation management.
Agility
Amid disruption, Icertis Contract Intelligence empowers legal teams to respond instantly to challenges through real-time high-value insights.
Visibility
With Icertis Contract Intelligence, even the most widely dispersed companies can gain a unified view of their contracts, allowing legal to stay compliant across geographies without fragmenting critical contract data.
Scale
With AI-assisted negotiations and risk monitoring, legal can analyze third-party paper and redlines at scale to ensure regulatory compliance and optimized performance.
The Icertis Contract Intelligence (ICI) Platform
Our solution starts with the core ICI contract management platform, which covers the full lifecycle of contract management capabilities beginning with intelligent contract setup and then continuing with authoring, approvals, negotiations, and all other aspects of ongoing contract operations. The true value of ICI begins after a contract is signed, providing full visibility and powerful tools to ensure what you and your partners have committed to happens, even as conditions change.
Intelligent Contract Setup
Flexible model complex organizations, global business relationships, and contracting processes to adapt to ever-changing business dynamics.
- Extremely flexible configuration, with the ability to model any type of agreement relationship
- Intuitive, personalized, role-based experience for any type of user
- Microsoft Azure-native, scalable and integration-friendly cloud architecture
- Enterprise-grade security and administration to manage highly sensitive confidential contracts
Contract Operations
Efficiently manage the complete contracting lifecycle, to reduce cycle times, increase negotiation effectiveness, and manage contracts at scale.
- Flexible, rule-based contract generation and self-service contracting
- Intelligent negotiation and seamless contract execution, supported by powerful collaboration tools
- Simplified yet scalable contract administration tools for effective workflow and governance
- Advanced monitoring and bulk processing for quick responses to ever-changing requirements
Governance, Risk and Compliance
Proactively identify, assess and manage all contract risks and ensure the fulfillment of contractual obligations based on proactive insights from ICI’s powerful compliance tools.
- Standardized, rule-based content based on approved templates and contract relationships
- Intelligent contract negotiation tracking and dynamic approval workflows
- AI-powered identification, assignment and fulfillment tracking for all obligations
- Enterprise-grade security and administration to manage highly sensitive confidential contracts
- Powerful contract management software with commercial risk and compliance tools
Reporting & Dashboards
Leverage Icertis’ Intelligence contract management platform’s powerful advanced analytics and AI-enhanced contract intelligence tools to improve visibility, reduce contract cycle times, improve negotiation outcomes and increase ROI. Experience ICI’s highly configurable, role-based dashboard that enables you to track key metrics and gain better visibility into your overall business operations.
- Dynamic, personalized dashboards to measure and monitor contract performance
- Advanced contract analytics and reporting to improve visibility and business agility
- AI-driven insights to optimize all aspects of contract management
- Robust search and visibility for quick access to contract data
ICI Obligation Management Application
Reduce risk and improve compliance at enterprise scale with the ICI Obligation Management application.
The AI-powered Obligation Management application transforms how organizations identify, create, manage and fulfill obligations that were previously hidden in complex contract language. This enables businesses to:
- Operationalize contracts quickly after execution with AI-assisted obligations discovery
- Significantly reduce risks by complying with all contractual obligations to run a compliant business
- Reduce costs and save time by automating the obligation lifecycle
- Improve customer and supplier relationships
- Leverage insights for better outcomes in contract negotiations & renewals
- Recover financial compensation for unfulfilled counterparty obligations
Discover Copilot
Discover and Digitize All Legacy and Third-Party Contracts Automatically
Discover Copilot is an AI-powered application that seamlessly guides you through the complexities of managing third-party healthcare contracts, such as commercial insurance agreements. Leveraging the combined power of Microsoft Azure OpenAI and Icertis’ proprietary AI, it offers the following features:
- Image/PDF Conversion
- Gen-AI Powered Clause, Attribute Discovery
- Clause Matching, Comparison, Deviation Tracking
- Risk Identification
- Bulk Contract Actions
- In-built Table Discovery
Reduction in contract turnaround time
Visibility into all customer obligations
Reduction in contract admin costs
