Icertis Contract Intelligence: The Smartest Way for FedEx to Structure and Connect Its Contracts
The Icertis Contract Intelligence platform is trusted by procurement teams at the world’s most iconic brands and disruptive innovators to enhance productivity and improve contractual governance—thereby strengthening supplier accountability and increasing the bottom line. Learn how Mercedes-Benz streamlined relationships with 500,000 suppliers with Icertis Contract Intelligence.
With Icertis Contract Intelligence, FedEx’s procurement department can gain:
Speed
With Icertis Contract Intelligence, procurement teams can onboard suppliers quickly with a seamless source-to-contract workflow and automated risk assessments.
Agility
Amid disruption, Icertis empowers procurement teams to respond instantly to challenges through supply chain insights.
Visibility
With Icertis, even the most widely dispersed procurement teams can gain a single, unified view of their contracts, surfacing risks and opportunities for savings.
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 Platform
Our solution starts with the core Icertis 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 Icertis 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
Icertis NegotiateAI Application
Leverage AI-powered insights to optimize contract negotiation, reduce risk, and negotiate better outcomes with the Icertis NegotiateAI app.
In today’s fast-paced business environment, organizations must create and evaluate large volumes of contracts with ever-increasing frequency. The Icertis NegotiateAI app gives businesses the AI-powered insights they need to optimize their contractual negotiations. This enables businesses to:
- Consistently negotiate the best possible terms and outcomes
- Reduce time spent manually authoring and reviewing lengthy contracts
- Avoid repeating mistakes due to reusing language from suboptimal contracts
- Ensure compliance, even for third-party contracts
- Benefit from contract best practices across the organization
- Speed up the negotiation process by providing the right insights at the right time
Icertis Contract Intelligence has Deep Integrations with Leading Procurement Solutions
The Icertis integration for SAP Ariba provides Ariba users an intelligent and flexible contracting platform that is fully integrated into SAP Ariba Spend Management, thereby unlocking the value of the Ariba supplier network through a seamless source-to-contract workflow featuring best-in-class contract management functionality
Easily create Icertis agreements following a sourcing event and synchronize all contract details for ease of creating requisitions, purchase orders and invoices.
Synchronize supplier data from SAP Ariba to enable easy contract creation and management from within ICI.
Report on SAP Ariba procurement spend data directly in ICI using contract metadata stored in the Icertis platform or push that data into Ariba for monitoring via bi-directional data transfer.
Identify and assess contract risk by automatically tracking commitments, expiries, deviations and other contract obligations in ICI or Ariba.
If your Coupa Business Spend Management suite isn’t deployed along with a robust contract management platform, you aren’t taking full advantage of the benefits of either system.
Significant problems arise when business spend management with enterprise contract management are disconnected, resulting in difficulty to enforce standards which results in maverick contracts, noncompliance and significant business risk.
The Integration for Coupa Users eliminates siloed data and fragmented systems with an end-to-end solution for sourcing, procurement, inventory, supplier management and all associated contracts.
Complex, global supplier relationships are inherently difficult to manage, especially in regards to contract negotiation and risk management. These challenges are made even more difficult when two disconnected IT systems are used to manage both procurement and contract management.
With the Icertis Experience for Workday, you can unite procurement and contract management to achieve greater savings and increase your purchasing power within Workday Procurement.
