Partner Case Study Series | Icertis
Contracts are the foundation of commerce. They govern every dollar in and out of the enterprise while serving as the definitive source of truth for business relationships. Yet, within many organizations, contract life cycle management remains fragmented across various departments such as legal, procurement, finance, and sales. Ineffective contract management can lead to revenue loss, unnecessary expenses, unwanted renewals, and in the worst cases, noncompliance or breach of contract situations that might result in fines or litigation.
Driven by a shared commitment to customer success, Icertis and Microsoft have partnered over the last decade to reimagine contract management as AI-driven contract intelligence that empowers customers to extract insights from their contract data and better realize the original intentions of every commercial agreement. “30 percent of the Fortune 100 use the Icertis platform for their global contracting needs because Icertis helps customers increase revenue and efficiency, reduce risks, and ensure compliance. We attribute much of our success to our close, longstanding relationship with Microsoft,” says Deanna Lanier, Chief Strategy Officer at Icertis.
The groundbreaking introduction of generative AI, fortified by the security of Microsoft Azure, is now poised to further transform contract intelligence with the release of Icertis Contract Intelligence (ICI) Copilots.
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