Icertis, the global leader in AI-powered contract
intelligence, today announced plans to make its Icertis Contract Intelligence
platform available as a solution extension under the name SAP Ariba Contract
Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification
process, exclusive to SAP Solution Extensions, and are supported with available SAP
support services. This milestone builds on the longstanding partnership between
Icertis and SAP, helping to enable faster product deployment and time to value for
customers with one-stop licensing, deeper preconfigured product integrations, and
an improved user experience.
Contracts are the foundation of every business relationship, establishing the rules
of business for how enterprises buy, sell, and partner to drive global commerce.
Icertis transforms traditionally static contracts into actionable business rules within
the SAP user experience – enabling customers to drive revenue, control costs,
mitigate risk, and ensure compliance by integrating structured contract data
directly into core business processes.
“Contract intelligence plays an increasingly critical role in enterprise operations.
This expansion in our partnership with Icertis aims to help more businesses
reimagine how they leverage contracts as an essential pillar of their long-term
growth strategies,” said Manoj Swaminathan, General Manager and Chief Product
Officer, Business Suite, Finance & Spend, SAP.
“Contracts define the rules of business yet 90 percent of CEOs believe they’re losing
money in contract negotiations and more than 9 percent of a contract’s value is lost
post-signature – adding up to billions of dollars in potential lost revenue and
overpayment,” said Anand Subbaraman, Chief Operating Officer, Icertis. “For years,
managing the full scope of global contract obligations felt daunting, but together,
SAP and Icertis have transformed that challenge into an opportunity through AI-
powered contract intelligence. Our plan to become a solution extension underscores
our partnership and reinforces the vital role of contracts in a holistic technology
strategy that accelerates measurable outcomes.”
Icertis is the AI-powered contract intelligence partner of choice for leading
technology companies and global systems integrators and 3x the size of the next
pure-play contract lifecycle management vendor, according to MGI Research.
To learn more about why contracts are one of the most valuable assets in the
enterprise and a prime resource to drive financial outcomes with GenAI, visit Icertis
at booth 338 at SAP Sapphire Orlando.