SAP Expands Partnership with Icertis to Deliver Enterprise Contract Intelligence

Jan 27, 2022 By MarketDepth

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SAP SE (NYSE: SAP) and Icertis have reported an expanded partnership for enhanced contract management to assist companies in increasing efficiency while minimizing risk and realizing the full intent of their agreements. This partnership will include a financial investment from SAP in Icertis and will lead to a joint product road map and deeper technological integration to deliver value in regards to 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,” said Christian Klein, CEO and member of the Executive Board, SAP SE. “This partnership is a great complement to our portfolio, with multiple touchpoints to SAP systems across ERP, finance, procurement, sales and HR.”

“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 memorialized and fully realized. 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.”

Samir Bodas, CEO of Icertis

“SAP’s focus on the intelligent enterprise has enabled many organizations to move into the digital-first world, and the contracting process in SAP Ariba solutions has done much for the buying community,” said Mickey North Rizza, Program Vice President Enterprise Applications and Digital Commerce, IDC. “Icertis is named a leader in the IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2021. With Icertis’ flexible platform and enhanced CLM capabilities, SAP can now manage the trading partner relationship for the enterprise in a much more integrated, innovative and tailored manner.”