AsiaNet  85693

PUNE, India, Sept. 21, 2020 /PRNewswire=KYODO JBN/ --

     - Global Leader in Contract Management Lauded as Artificial Intelligence

Pioneer by Tech Innovators

    Icertis (https://www.icertis.com/), the contract intelligence company that

pushes the boundaries of what's possible with contract lifecycle management

(CLM) software, today announced it won The Peak Tech Laureates

(https://techlaureates.thepeakmagazine.com.sg/icertis/) 2020 Artificial

Intelligence (Established Enterprises) award. With entries from across the

globe, Icertis was recognized for the most comprehensive AI solution for

digitally transforming contracts and the processes that touch them to deliver

greater competitive advantage, operational efficiency, enhanced productivity,

and improved customer experiences.

    Contracts underpin commercial relationships and define how businesses run

and analysts estimate digitally transforming contracting is a more than $20

billion market (https://www.icertis.com/news/icertis-series-e/). The AI-powered

Icertis Contract Intelligence (ICI) platform turns contracts from static

documents to strategic advantage, by structuring and connecting the critical

contract information that defines how an organization runs. To unleash the

transformative power of AI in contract management, Icertis leverages the

unmatched quantity, quality and variety of data in the ICI platform today – 7.5

million contracts and related artifacts in 40+ languages, from 90+ countries,

across 25+ industry verticals, and have a contract value of more than $1

trillion.

    "The Icertis Contract Intelligence (ICI) platform helps customers digitally

transform how they manage their contracts worldwide and solve previously

intractable contracting challenges with the transformative power of modern AI

technology," said Glen Francis, Chief Technology Officer, Singapore Press

Holdings Limited.

    In today's changing market environments, companies need to ensure that

high-value commercial insights are available in real time, all agreements are

in compliance, all commitments are upheld, and new information makes the whole

system smarter. Icertis' award-winning AI solutions digitize legacy contracts

and import third-party contracts up to 80% faster

(https://www.icertis.com/resources/case-studies/here-technologies-ai-case-study)

, analyze past negotiation history to gain insights for improvement, and

provide deep data visualization capabilities that provide unprecedented

intelligence into contract relationships and performance.

    "We are honoured to receive The Peak Tech Laureates 2020 award for our

AI-powered platform," said Monish Darda, CTO & Co-founder Icertis. "This

recognition underscores the growing importance of next-gen solutions for

contract management across the globe and the massive potential unleashed when

AI is incorporated into critical business processes. We are continually

enhancing the AI capabilities of the ICI platform and applying contract

intelligence to business processes to benefit our customers now and in the

future."

    The Peak Tech Laureate awards seek to recognize the best and brightest

across fields as diverse as artificial intelligence, big data, analytics,

cybersecurity, and e-commerce, among others. The awards recognize the very best

across the technology landscape. The esteemed judging panel of 33 C-suite

leaders from highly successful companies across multiple industries, selected

the solution providers that have successfully implemented products or solutions

leveraging modern technologies to deliver tangible business impacts.

    For more information about Icertis, visit www.icertis.com

    About Icertis

    With unmatched technology and category-defining innovation, Icertis pushes

the boundaries of what's possible with contract lifecycle management (CLM). The

AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform

turns contracts from static documents into strategic advantage by structuring

and connecting the critical contract information that defines how an

organization runs. Today, the world's most iconic brands and disruptive

innovators trust Icertis to fully realize the intent of their combined 7.5

million+ contracts worth more than $1 trillion, in 40+ languages and 90+

countries.

    About The Peak Tech Laureates

    The Peak Tech Laureates seeks to honour technology partners who empower

corporations with their most innovative and compelling services and solutions.

This inaugural event celebrates the best of what Singapore's tech industry has

to offer.

    About The Peak Magazine

    The Peak is Singapore's leading luxury lifestyle magazine read by an

esteemed audience comprising C-suite executives, professionals, entrepreneurs,

diplomats, and captains of industry. Celebrating its 36th anniversary this

year, The Peak is committed to supporting the future shapers of our digital

tomorrow.

Icertis Media Contact:

Haley Flanagan  

Corporate Communications Manager, Icertis  

corpcomm@icertis.com

Logo: https://mma.prnewswire.com/media/846094/Icertis_Logo.jpg

Source: Icertis