Icertis, SAP Deepen Partnership With Contract Intelligence Extension
KUALA LUMPUR, May 23 (Bernama) -- Icertis, a global leader in artificial intelligence (AI)-powered contract intelligence, has announced a significant expansion of its collaboration with SAP by launching SAP Ariba Contract Intelligence by Icertis as a certified SAP Solution Extension.
This new offering integrates Icertis Contract Intelligence directly into SAP environments, streamlining contract management and improving enterprise performance across finance and procurement functions, according to a statement.
Icertis Chief Operating Officer, Anand Subbaraman emphasised the growing financial importance of effective contract management, noting that a significant percentage of contract value is often lost after signing.
He said Icertis' alliance with SAP turns this challenge into a strategic advantage by embedding AI-driven insights into everyday business processes.
Meanwhile, SAP General Manager and Chief Product Officer, Business Suite, Finance & Spend, Manoj Swaminathan said 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,” Swaminathan added.
SAP Solution Extensions undergo rigorous qualification and are backed by SAP’s comprehensive support services. By becoming a Solution Extension, Icertis aims to enhance customer experience through simplified licensing, deeper preconfigured product integrations, and faster deployment.
Contracts are fundamental to how businesses operate, serving as the backbone of global commerce. Icertis transforms static contract documents into dynamic, data-driven business assets, integrating them seamlessly into SAP workflows. This enables companies to better manage revenue, control spending, reduce risk, and maintain compliance.
Icertis, already known as the largest pure-play contract lifecycle management vendor, supports many of the world’s top technology firms and system integrators. To explore how contract intelligence is unlocking new value for enterprises, attendees can visit Icertis at SAP Sapphire in Orlando.
-- BERNAMA