“Partnering with SAP to bring our AI-powered, best-of-breed contract intelligence to the market is another affirmation of Icertis’ strategy to become the contract intelligence platform of the world. “With this partnership, SAP and Icertis customers will be able to derive end-to-end value across the enterprise, so the intent of every contract is correctly memorialized and fully realized,” said Samir Bodas, CEO of Icertis. Customers will have the opportunity to benefit from ICI capabilities for smart contract creation, online negotiation, AI-assisted risk identification, obligation management and contract-driven insights for decision support while operating their core source-to-pay and lead-to-cash processes within SAP solutions. The enhanced partnership further leverages each company’s technology to deliver even more value to a growing list of joint customers. This expanded partnership builds on the existing relationship between SAP and Icertis, which began in 2020 to transform the source-to-pay and lead-to-cash processes through the integration of Icertis Contract Intelligence (ICI) with SAP Ariba and SAP Customer Experience solutions. “This partnership is a great complement to our portfolio, with multiple touchpoints to SAP systems across ERP, finance, procurement, sales and HR.” “The expanded cooperation with Icertis will help our customers take advantage of market-leading innovations for contract management from Icertis while managing core business processes with SAP solutions,” said Christian Klein, CEO and member of the Executive Board, SAP SE.

The partnership, which includes a financial investment from SAP in Icertis, will lead to a joint product road map and deeper technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance and AI-powered business insights and automation.

SAP SE (NYSE:SAP) and Icertis today announced an expanded partnership for enhanced contract management to help companies increase efficiency, minimize risk and realize the full intent of their agreements.

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