Icertis Announces Contract Lifecycle Management Product

Icertis has announced the launch of its Contract Lifecycle Management product (ICLM) on Microsoft Corp.’s Windows Azure in India. ICLM is an efficient solution that delivers significantly improved efficiency in the contracting process at a lower cost, with increased compliance and lower risk.

“Improving efficiency and managing contractual risk are becoming critical in today’s global business scenarios. ICLM, our cloud based CLM product, not only streamlines the complex contract lifecycle process, but also helps businesses improve contract compliance” said Samir Bodas, Co-founder and CEO, Icertis.

“We are very upbeat about the cloud computing market in India, which is one of the fastest growing in the world. The launch of ICLM is a major step in the execution of our cloud-native ERP surround product strategy,” he added.

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ICLM increases productivity and connects the entire extended enterprise by quickly bringing the entire contract lifecycle to the cloud. Inspired by the latest advancements in User Experience design, ICLM is easy to use and makes the contract lifecycle available on all devices, including smartphones and tablets.

“As a global business executing hundreds of thousands of contracts annually, Microsoft needed a solution that was scalable, easy to use and readily customisable to our unique processes. Of all the vendors we evaluated, the Icertis CLM product had the best architecture, the most inspired user interface, and a compelling and innovative approach to managing the contract lifecycle process. We have deployed the product globally, including in India, with great user adoption and high satisfaction,” said Michel Gahard, Associate General Counsel, Microsoft.