What is Icertis Contract Intelligence (ICI)?
Icertis Contract Intelligence (ICI) is a comprehensive contract management solution that oversees the entire contract lifecycle. This includes stages such as authoring, negotiation, approval, execution, compliance, risk management, and contract expiry. It is designed to help global organizations streamline their contracting processes, manage risks effectively, and enhance compliance with contractual obligations.
How does ICI facilitate contract authoring?
ICI offers several features for contract authoring, including self-service contracting, a Contracts Request Wizard, and bulk contract creation capabilities. Users can create contracts using predefined clauses, templates, and business rules. The platform also supports Microsoft Word and Excel integrations, allowing for efficient drafting and collaboration between business and legal teams.
What are the benefits of using ICI for contract visibility?
Icertis enhances contract visibility through an enterprise-wide contract repository that supports various document types and associated communications. Users can perform comprehensive searches across titles, metadata, and document text, utilizing dynamic facets to refine results. Additionally, the system provides notifications and alerts for key contract events, ensuring users stay informed about important milestones and commitments.