Icertis Contract Management
By Icertis Contract Management
Onetime(Perpetual License)
Not Available
About Company
Pricing of Icertis Contract Management
Icertis Contract Management
USD 0
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- Intelligent Contract Setup
- Contract Operations
- Governance
- Risk and Compliance
- Reporting and Dashboards
- Intelligent Contract Setup
- Contract Operations
- Governance
- Risk and Compliance
- Reporting and Dashboards
Key Features of Icertis Contract Management
- Version Control
- Specialty Contracts
- Sell Side (Customers)
- Lifecycle Management
- Government Contracts
- Full Text Search
- Digital Signature
- Contract Templates
- Contract Drafting
- Completion Tracking
- Buy Side (Suppliers)
- Auto Extraction
- Approval Workflow
- Milestone Tracking
- Contact Management
- Document Management
Specification
Other Categories:
Deployment:
Cloud Hosted
Customer Support:
Business Hours,Online (Ticket)
Customization:
No
Languages Support:
English
Who uses Icertis Contract Management
SMEs
Enterprises
Company Details
- Company Name: Icertis Contract Management
- Headquarter: Bellevue, Washington United States
- Website: Visit Website
- Social Media:
Description
Icertis Contract Management Video
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Icertis Contract Management Screenshots
User Reviews 
Write a Review
"Great Features!"
What do you like best?
The contract authoring features and the search features to the Icertis tool suite really allow the various stakeholders to fully take advantage of the tool suite. Whether you are on the procurement team, legal team or commercial management team you will be able to search for key risk issues and deliverables. We are looking forward to seeing the impact of the AI features for vendor contract reviews.
The software is very helpful in finding and reporting on key attributes in the legacy contracts. Once the information is in the system, you will no longer have to do large "contract review" sessions to find out what was agreed to previously. You can just run a report on the areas that are concerning.
What do you dislike?
The contract approval processes can get way too granular if you are not careful. There can be a number of loops and approvals that are required if stakeholders are not willing to delegate approval authority during the negotiation process. Additionally the email communications in the tool are quite chatty especially if you leave all of them on.
The downsides of the Icertis tool is that as it stands it does not fix broken processes in the contract review and approval process. And if the implementation team does not get the authority to improve the processes. Icertis will just replicate broken and inefficient processes.
What problems are you solving with the product? What benefits have you realized?
We have first used Icertis as a searchable and functional repository for the legacy contracts that we have agreed to in the past. We have been able to search and find numerous different contracts especially if they had previously been filed or named incorrectly. We have also used Icertis a lot to ensure that our current contracts were valid and that we did not mis renewal terms or contract expiry dates.
- Michael Z
"Early implementation"
What do you like best?
Automated modular clauses feature is very efficient
What do you dislike?
Amount of work to input contracts. This could be better automated with AI.
What problems are you solving with the product? What benefits have you realized?
We need to know what's in our contracts. What have we committed to?
- User in Leisure, Travel & Tourism
"One of the best Contract Management System"
What do you like best?
The best feature that we saw in the ICM is as follows: 1st: Clause comparison/Deviation, currently in Philippines most of Legal department reviews the whole contract manually thus it takes too long to review and can affect the end-user's SLA to publish the contract to the vendor. 2nd Readily contract template, since templates has already been reviewed and finalized by the Legal this fasten the processing on authoring a contract. 3rd is Version control/QR code, in a manual contract mostly all signatories needs to put their initials per page in order to secure authenticity thus it is also additional work for the signatories but with the ICertis help it each contract document has its own QR code and can be check thru phone with this the signatories safely signed in the last page of the contract.
What do you dislike?
It is our first time purchasing a contract management system, We still don't know the downside of the system since what we experience is that the ICertis Contract Management Software is flexible and can accommodate all our needs.
Recommendations to others considering the product:
If you're company wants to improve your contract processing from manual to automatic process then be sure to choose ICertis Contract Management Software as they will help you to properly organize your system /process structure and will support you at any given time.
What problems are you solving with the product? What benefits have you realized?
Mostly problems that has been solve by ICetris is as follows:
1. Setting up Standard Contract Template, In our company our legal team is compose of 10-15 lawyers, 3 out of 15 lawyers can received the same contract agreement for their review thus having different versions of the templates.
2. Clause Library/ Clause Deviation , With the help of Icertis Contract Management System this help our lawyers to know which clauses has been deviated and helps them to review the contract easily.
3. Audit Trail, if you are the end user you also need to know where did your request go, what is the progress, who has the current contract. This audit trail helps us to check the history and changes made in the contract.
4. Version Control , QR code help us to identify if the contract is authentic.
5. Organization Structure, Icertis also helps us to properly organize the structure for our contract by segregating them per process/BU's.
6. Setting up the Vendor's obligation, this help us to monitor if the vendor is complying with its requirements once contract has been executives. Also it helps us to see the completion milestone.
- Krissha Marie Y
"Icertis is a powerful tool"
What do you like best?
I like having all of my contracts together in one place and the ability to track them in a concise way.
What do you dislike?
Some aspects of the program are difficult to work with and too many clicks to do an action. Changing some of the attributes and other defined terms are time consuming.
Recommendations to others considering the product:
Make sure that you know how the program works while working on the planning stages.
What problems are you solving with the product? What benefits have you realized?
We are solving some of our problems with consistency and created a process where there wasn't one before. There is a central repository for all contract documents where there wan't one before.
- User in Non-Profit Organization Management
"Excellent CLM system."
What do you like best?
The correct on the fly for the rules and the ability to handle third paper. I like that I can update rules with little system interruption. System is stable. System is very customizable. I enjoy that I can make user-feedback modification in short order, keeping the system reflective of the current environment and increasing user adoptions.
What do you dislike?
Week e-signature integration in comparison with the strength of the overall tool. Almost everything can be done on the fly except Contract Types. Woudl like bulk uploading to be easier.
Recommendations to others considering the product:
Plan the implementation carefully. This is the best time to improve processes, not simply to implement ICM to your current process. Understand what will be required to maintain the system so that Contract Types and other more difficult to amend parts of the system are made as simple as possible.
What problems are you solving with the product? What benefits have you realized?
Expiration action date tracking, estimated spend tracking, SOX compliance, special taxation issues, data privacy, compliance triggers. Overall, it has been able to automate a large number of review triggers that were previously manual. Through the use of the system, we have been able to get a better handle on after the fact contracts and lost contracts. Through improving this arm of our contracting process, we have been able to better identify other whole in the process in which to improve.
- Administrator in Telecommunications
FAQ's
Icertis Contract Management has 1 plans,
- Icertis Contract Management USD 0
Icertis Contract Management is the Contract Management Software Used for the below functionalities
Top 5 Icertis Contract Management features
- Version Control
- Specialty Contracts
- Sell Side (Customers)
- Lifecycle Management
- Government Contracts
Icertis Contract Management provides Business Hours,Online (Ticket) support.
Icertis Contract Management is not allowing Free Trial.