Icertis: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

AdobeStock/Bruce Shippee

As our Q4 2017 CLM SolutionMap highlights, the range and depth of functional capability between suite-based contract lifecycle management solutions and independent, top-performing CLM vendors is increasing, not decreasing. Icertis, one of the top-performing CLM providers in the analysis, is driving this change. It is less than 10 years old but already used in 40 languages within 90 countries, supporting more than 750,000 users and 2.5 million active contracts.

But it is not just the underlying functional “mojo” among top-providers like Icertis causing the divergence for specialized CLM requirements. The most recent class of CLM providers that have graduated to best-of-breed status have designed their solutions to support an increasing range of contracting, collaboration and obligation management scenarios that support supplier agreements, sales contracts, leases, partnership agreements, employment agreements and other agreements between parties. And they are doing so with the simultaneous goals of increasing both efficiency and contracting effectiveness.

This Spend Matters PRO Vendor Snapshot provides facts and expert analysis to help procurement and legal organizations make informed decisions about whether Icertis, as a standalone CLM solution, is a better fit than using a suite-based contract management provider. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Icertis. The remainder of this multipart research brief covers product strengths and weaknesses, competitor and SWOT analysis, user selection guides, and insider evaluation and selection considerations.

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