PR90607

BELLEVUE, Wash., July 14, 2021 /PRNewswire=KYODO JBN/ --

    - First and Only Contract Lifecycle Management Company Recognized by

Microsoft  for AI Leadership and as a Global ISV Partner of the Year Finalist

    Icertis, the contract intelligence company that pushes the boundaries of

what's possible with contract lifecycle management

[https://www.icertis.com/contract-management/platform/] (CLM), announced today

that it has won the Artificial Intelligence (AI) 2021 Microsoft Partner of the

Year Award and been named a Finalist of the Global ISV Microsoft Partner of the

Year Award for the fourth year in a row. Icertis was honored among a global

field of top Microsoft partners for demonstrating excellence in innovation and

implementation of customer solutions based on Microsoft technology.

    "We are elated to be recognized with the top honor for AI innovations by

the most-respected software company in the world. No Microsoft partner in the

contract management space has been named a finalist or winner in this

category—until today," said Samir Bodas, CEO and Co-founder of Icertis. "In a

world of endless data, contract data reigns supreme. Contracts are the

foundation of all commerce, and the Icertis Contract Intelligence (ICI)

platform sets the standard for AI use in discovering, visualizing, and

optimizing this critical resource across enterprises and ecosystems."

    The Microsoft Partner of the Year Awards recognize partners that have

developed and delivered outstanding Microsoft-based solutions during the past

year. Awards were classified in various categories, with honorees chosen from

among 4,400 submissions across more than 100 countries worldwide. Icertis'

decade-long and growing Microsoft relationship, was recognized in two award

categories this year:

    1.  AI Partner of the Year: This award recognized the top Microsoft partner

that designed, developed, and deployed high- value, customer-centric AI

Solutions using Azure AI. Icertis AI applications apply machine learning to

build predictive models that optimize contracting processes and uncover

contracting insights that are critical in strategic decision making. The models

are trained on the more than 10,000,000 contracts Icertis manages for its

customers worldwide.  

    A recent McKinsey survey on "The State of AI in 2020" [https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/global-survey-the-state-of-ai-in-2020]

found that 50% of respondents have implemented AI in at least one business

function and some leading adopters of these technologies attribute 20% or more

of their organizations' earnings before interest and taxes (EBIT) to AI.

Icertis' high-value AI applications [https://www.icertis.com/contract-management/ai-applications/discoverai/] enable

companies to address previously intractable contract challenges, including

digitizing legacy contracts at scale and analyzing contract terms to improve

sales negotiations and gain intelligent insights about terms, obligations, and

risks. Notable examples of customers

[https://www.icertis.com/contract-management/customers/] that are benefiting

from the Microsoft and Icertis partnership and solutions in AI include:

    - HERE Technologies - "The Icertis DiscoverAI app rapidly digitized and

analyzed more than 70,000 legacy HERE and third-party contracts, allowing us to

unlock critical contractual terms to improve our business." — Simon Anolick,

Director Legal Counsel at location data and technology platform company HERE

Technologies.

    - Sanofi - "With its intuitive interface and the ability to be customized

to suit an individual's unique requirements, users have quickly adopted the new

system and are now creating 400 contracts within ICI each month." — Celine

Arquizan, Head of Strategy and Development for the Contracting Center of

Excellence at Sanofi.

    2.  Global ISV Partner of the Year: This award recognized the top Microsoft

globally managed Independent Software Vendor (ISV) that has demonstrated strong

customer focus and success by partnering deeply with Microsoft on a global

scale. Icertis was named a Finalist in this category for the fourth consecutive

year, standing out among the more than 100,000 partners in Microsoft's

extensive ecosystem. This builds on Icertis' previous Microsoft award

recognitions, including the 2018 Microsoft US Partner of the Year Award and the

2019 Microsoft US Partner of the Year Award for Manufacturing & Resources.

    The relationship that Icertis has with Microsoft empowers every

organization to transform their contracts into strategic advantage by

connecting them to the systems and processes they touch organization-wide. The

Icertis Contract Intelligence (ICI) platform [https://www.icertis.com/contract-management/platform/] is natively-built and

runs exclusively on Microsoft Azure and integrates with Microsoft products and

more than 60 Azure services including Azure AI, Microsoft 365, Dynamics 365,

and Microsoft Teams.

    "I am honored to announce the winners and finalists of the 2021 Microsoft

Partner of the Year Awards," said Rodney Clark, corporate vice president,

Global Partner Solutions, Channel Sales and Channel Chief, Microsoft. "These

remarkable partners have displayed a deep commitment to building world-class

solutions for customers—from cloud-to-edge—and represent some of the best and

brightest our ecosystem has to offer."

    The award recognitions follow numerous CLM market leadership accolades so

far this year, including being the only CLM vendor named to the Forbes AI 50 [https://www.forbes.com/sites/alanohnsman/2021/04/26/ai-50-americas-most-promising-artificial-intelligence-companies/?sh=20e35fb277cf]

list every year since its inception, winning SAP Partner of the Year [https://store.sap.com/dcp/en/news-blogs/blogs/from-a-crowded-field,-three-sap-store-partners-stand-out?source=social-Global-SAPStore-TWITTER-MarketingCampaign-Digital+Commerce-unspecified-pinnacle-spr-4770065189&campaigncode=CRM-YD21-SOC-DIGITAL]:

SAP Store Category, and being named a Leader in both the 2021 Gartner Magic

Quadrant [https://www.icertis.com/gartner-2021-leader-in-clm/] for Contract

Life Cycle Management (CLM), as well as The Forrester Wave(TM) [https://www.icertis.com/forrester-wave-clm-leader-2021/#Forresterwaveform]:

Contract Lifecycle Management for All Contracts, Q1 2021.  

    Icertis will showcase its award-winning ICI platform and speak at Microsoft

Inspire [https://myinspire.microsoft.com/sessions/099f619a-8abb-4b5f-83c1-334069f8b878?source=sessions]

July 14-15.

    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 govern the rights and commitments in their 10

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

countries.

    Contact

    Liza Colburn

    Director of Corporate Communications, Icertis

    Liza.colburn@icertis.com

    +1 (781) 562-0111

    Logo: https://mma.prnewswire.com/media/1515204/icertis_Logo.jpg

    Source: Icertis