Accenture and Icertis Form Strategic Partnership to Help Companies Modernize Contract Management
18 November 2021 - 11:59PM
Business Wire
Accenture (NYSE: ACN) and Icertis today announced a strategic
partnership that brings together Accenture’s digital transformation
capabilities with leading contract intelligence technology from
Icertis to help clients across industries get greater visibility
into their contracts as well as manage risk and the contracting
process more efficiently and effectively. The partnership builds on
the success of Accenture’s own use of Icertis Contract Intelligence
(ICI) across its global legal and procurement operations.
At a time when organizations are facing increasing pressure on
many fronts—from reducing operational costs and risks to complying
with growing cross-border regulations and improving speed to
market—contract intelligence is a business imperative for legal,
sales, financial and procurement leaders. ICI is a modern
contracting platform—centralized, industrialized and enabled—with
workflow functionality that promotes efficiency and transparency
across jurisdictions, geographies, and the most complex client
accounts.
“Contracts define what a business buys and sells and how it
operates, making contract lifecycle management essential for
top-line growth and effective risk management,” said Jason Dess,
senior managing director, CFO & Enterprise Value, Accenture.
“By partnering with Icertis to offer its industry-leading platform,
we can work with clients to fully realize the inherent value of a
digitized, intelligent contract management experience.”
Together, Accenture and Icertis will help clients accelerate the
migration of contracting to the cloud and use artificial
intelligence to speed up the process, track compliance, monitor
enterprise-wide risks, reduce costs and improve business
outcomes—all of which provide greater value and a better experience
for stakeholders.
The newly formalized partnership follows Accenture’s internal
roll-out of ICI to support global procurement and its global legal
team of nearly 3,000 professionals in 46 countries who negotiate
and execute thousands of highly customized, multi-lingual legal
documents every month. The solution is integrated with Accenture’s
established systems and tools, including customer relationship
management, legal, delivery, pricing and, risk to aggregate data
and extract intelligence around regulatory risk, compliance, deal
making and more (case study).
“We can see across our contract portfolio like never
before—whether it’s how long it takes to finalize deals or getting
a complete view of the various agreements we have with an
organization,” said Joel Unruch, general counsel and corporate
secretary, Accenture. “This comprehensive view and depth of
real-time insight is truly game-changing for our business and the
value we can bring to our clients.”
“Accenture has a phenomenal record of helping clients embrace
change to realize deeper, faster and greater value. We are pleased
to bring together our innovative technology platform with
Accenture’s world-class digital capabilities to help companies turn
contract management into a strategic business function,” said Samir
Bodas, CEO and co-founder, Icertis. “We are also privileged to
bring the scope and scale of the Icertis Contract Intelligence
platform to Accenture’s team and are excited about what the future
holds for our organizations and mutual customers across the
globe.”
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
security. Combining unmatched experience and specialized skills
across more than 40 industries, we offer Strategy and Consulting,
Interactive, Technology and Operations services — all powered by
the world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 624,000 people deliver on the promise of
technology and human ingenuity every day, serving clients in more
than 120 countries. We embrace the power of change to create value
and shared success for our clients, people, shareholders, partners
and communities. Visit us at www.accenture.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.
Copyright ©2021 Accenture. All rights reserved. Accenture and
its logo are registered trademarks of Accenture.
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version on businesswire.com: https://www.businesswire.com/news/home/20211118005355/en/
Julie Bennink Accenture +1 312 693 7301
julie.l.bennink@accenture.com
Liza Colburn Icertis +1 781 562 0111
liza.colburn@icertis.com
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