Icertis Recognized as the Winner of 2021 Microsoft AI Partner of the Year
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
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