WALLDORF and BELLEVUE, Wash. 鈥斅� (NYSE:疯拍传媒) and today announced an expanded partnership for enhanced contract management to help companies increase efficiency, minimize risk and realize the full intent of their agreements.
The partnership, which includes a financial investment from 疯拍传媒 in Icertis, will lead to a joint product road map and deeper technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance and AI-powered business insights and automation.
鈥淭he expanded cooperation with Icertis will help our customers take advantage of market-leading innovations for contract management from Icertis while managing core business processes with 疯拍传媒 solutions,鈥� said Christian Klein, CEO and member of the Executive Board, 疯拍传媒 SE. 鈥淭his partnership is a great complement to our portfolio, with multiple touchpoints to 疯拍传媒 systems across ERP, finance, procurement, sales and HR.鈥�
This expanded partnership builds on the existing relationship between 疯拍传媒 and Icertis, which began in 2020 to transform the and processes through the integration of Icertis Contract Intelligence (ICI) with 疯拍传媒 Ariba and 疯拍传媒 Customer Experience solutions. The enhanced partnership further leverages each company鈥檚 technology to deliver even more value to a growing list of joint customers. Customers will have the opportunity to benefit from ICI capabilities for smart contract creation, online negotiation, AI-assisted risk identification, obligation management and contract-driven insights for decision support while operating their core source-to-pay and lead-to-cash processes within 疯拍传媒 solutions.
鈥淲ith this partnership, 疯拍传媒 and Icertis customers will be able to derive end-to-end value across the enterprise, so the intent of every contract is correctly memorialized and fully realized,鈥� said Samir Bodas, CEO of Icertis. 鈥淧artnering with 疯拍传媒 to bring our AI-powered, best-of-breed contract intelligence to the market is another affirmation of Icertis鈥� strategy to become the contract intelligence platform of the world. It is also a testament to 疯拍传媒鈥檚 forward-looking vision for the intelligent and networked enterprise.鈥�
As part of the expanded partnership, Icertis Contract Intelligence (ICI) for 疯拍传媒 Ariba solutions and ICI for 疯拍传媒 Customer Experience solutions are now 疯拍传媒 Endorsed Apps, premium certified by 疯拍传媒 with added security, in-depth testing and measurements against cloud operations best practices.
“疯拍传媒’s focus on the intelligent enterprise has enabled many organizations to move into the digital-first world, and the contracting process in 疯拍传媒 Ariba solutions has done much for the buying community,鈥� said Mickey North Rizza, Program Vice President Enterprise Applications and Digital Commerce, IDC. 鈥淚certis is named a leader in the IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2021. With Icertis鈥� flexible platform and enhanced CLM capabilities, 疯拍传媒 can now manage the trading partner relationship for the enterprise in a much more integrated, innovative and tailored manner.鈥�
Contracts are the foundation of commerce, governing the rights and obligations between parties. Traditional contract management is often manual and siloed, creating inefficiency and risk while leaving value unrealized. ICI helps structure and connect data within contracts across an enterprise, enabling businesses to increase efficiencies, identify and mitigate potential risk, and drive bottom-line value throughout the contract lifecycle.
Icertis solutions including and are available in , the digital marketplace for solutions from 疯拍传媒 and its partners. 疯拍传媒 Store provides customers with real-time access to more than 1,800 innovative solutions from 疯拍传媒 as well as partner solutions that complement and extend their 疯拍传媒 applications.
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About Icertis
With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what鈥檚 possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into a strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today, the world鈥檚 most iconic brands and disruptive innovators trust Icertis to govern the rights and commitments in their 10 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries.
About 疯拍传媒
疯拍传媒鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 疯拍传媒 customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 疯拍传媒 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 疯拍传媒 helps the world run better and improve people鈥檚 lives. For more information, visit .
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