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Friday, 28 January 2022 12:39

SAP SE and Icertis expand partnership to deliver enterprise contract management

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SAP SE and Icertis expand their partnership to develop contract management to help companies increase their efficiency, minimise risk, and realise the full intent of their agreements.

Financially backed by SAP SE, Icertis will lead 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.

“The 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 SAP solutions,” says SAP SE CEO and executive board member Christian Klein.

“This partnership is a great complement to our portfolio, with multiple touchpoints to SAP systems across ERP, finance, procurement, sales, and HR.”

In 2020, SAP SE collaborated with Icertis to transform the source-to-pay and lead-to-cash processes by integrating Icertis Contract Intelligence (ICI) with SAP Ariba and Customer Experience solutions.

The enhanced partnership will build on this existing relationship and will mutually leverage each other’s technology to deliver value to 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 SAP solutions.

“With this partnership, SAP and Icertis customers will be able to derive end-to-end value across the enterprise, so the intent of every contract is correctly memorialised and fully realised,” says Icertis CEO Samir Bodas.

“Partnering with SAP to bring our AI-powered, best-of-breed contract intelligence to the market is another affirmation of Icertis’ strategy to become the contract intelligence platform of the world. It is also a testament to SAP’s forward-looking vision for the intelligent and networked enterprise.”

As part of the expanded partnership, Icertis Contract Intelligence (ICI) for SAP Ariba solutions and ICI for SAP Customer Experience solutions are now SAP Endorsed Apps, premium certified by SAP with added security, in-depth testing and measurements against cloud operations best practices.

"SAP's focus on the intelligent enterprise has enabled many organisations to move into the digital-first world, and the contracting process in SAP Ariba solutions has done much for the buying community,” comments IDC vice president enterprise applications and digital commerce Mickey North Rizza.

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 unrealised. 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 ICI for SAP Ariba solutions and ICI for SAP Customer Experience solutions are available in SAP Store, which provides customers with real-time access to more than 1,800 solutions from SAP as well as partner solutions that complement and extend their SAP applications.

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Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

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