Icertis: Turning Contract Data into a Strategic Asset
Procurement professionals are navigating a perfect storm of escalating costs, vulnerable supply networks and increasing environmental and social governance pressures–all while operating within constrained budgets.
But, forward-thinking teams are harnessing technology, AI and smarter supplier collaboration to make their contracts more resilient, agile and data-driven to support its procurement operations.
At Procurement and Supply Chain LIVE London, 2025, a workshop, Smart Procurement: Turning Contracts into Strategic Assets in association with Icertis, will present a workshop which will explore how leading procurement teams are leveraging cutting-edge technology, AI and strategic supplier partnerships to create more resilient, agile and insight-driven procurement operations.
Contract intelligence and risk management will explore pinpointing contract process bottlenecks and identifying critical risk exposures while connecting contract analytics to key procurement performance indicators.
Register your interest to attend this high-level workshop now.
Please note: these tickets are for C/V/D level executives and a business email address is needed to register. If you do not meet this criteria, your ticket may be cancelled.
The complex web of contract challenges
Contracts can present challenges for companies if they are not harnessed to their benefit. In practice, they provide a range of challenges, with numerous agreements across the globe, many with risks and obligations which are buried deep within the agreement which become an issue when it is too late.
Contract lifecycle management presents a complex web of operational challenges, with renewals, assignments, terminations and amendments creating significant administrative burden and heightened risk of costly errors.
Organisations that fail to actively manage their contract portfolios inevitably expose themselves to unnecessary legal and financial risks whilst simultaneously constraining business velocity and overlooking valuable revenue opportunities embedded within their contractual agreements.
Despite widespread recognition of these critical challenges, most enterprises remain paralysed by the seemingly insurmountable task of migrating their legacy contract repositories.
The prospect of accurately digitising and systematically importing thousands of historical agreements into modern contract management platforms has created an implementation barrier that continues to prevent organisations from realising the transformative benefits of centralised contract intelligence and automated lifecycle management.
AI-powered solutions transform contract management
There has been the emergence of providers harnessing tools like AI to help companies take control of their contracts.
Icertis' AI-powered contract management through the comprehensive analysis of over five million contracts and associated documents processed across more than 40 languages, spanning 90+ global markets and 25+ industry verticals within the ICI platform.
This extensive repository encompasses thousands of distinct contract types and templates, supported by a sophisticated taxonomy developed from hundreds of thousands of clauses that have been precisely mapped to reflect each customer's unique semantic frameworks and business requirements.
Its DiscoverAI application transforms legacy contract digitisation by enabling organisations to effortlessly convert historical agreements into a centralised, intelligent repository.
Delivering comprehensive contract insights that extend far beyond conventional text-based searches, revealing hidden patterns and strategic opportunities within existing contract portfolios.
Icertis has been recognised as a Leader in the IDC MarketScape: Worldwide AI-Enabled Buy-Side Contract Lifecycle Management Applications 2025 Vendor Assessment
Sudarshan Chitre, Senior Vice President, Artificial Intelligence, Icertis, says: “When connected with enterprise data, contracts become dynamic sources of intelligence that deliver insights, improve efficiency and drive performance to maximise every business relationship.
“We believe this recognition in the IDC MarketScape is a testament to our innovation and leadership in applying advanced AI to unlock the full potential of contracts – particularly as more than half of procurement leaders prioritise AI to accelerate ROI and deliver measurable outcomes in today’s complex environment.”
Real-world success: SAUR group's digital transformation
In the water and environmental services sector, managing intricate, multi-year contracts has long been a significant operational challenge. Master agreements often span thousands of pages, presenting substantial complexities in tracking operational targets and reporting requirements.
Palantir Technologies has partnered with SAUR Group to transform contract management processes through its advanced Generative AI capabilities. This strategic collaboration leverages Palantir Foundry and AI Platform (AIP) to address long-standing inefficiencies in contract administration.
Rony Bejjani, SAUR's Chief Information Officer, says: "The potential of Foundry and AIP has been harnessed thanks to years of foundational work on data mastery at SAUR — defining a standard language, establishing pragmatic governance for continuous data quality improvement and centralising our data to ensure secure and efficient access.
"This partnership with Palantir allows us to transform contract management by turning vast and complex datasets into clear, actionable intelligence. It represents a major step in our AI-driven transformation, reinforcing our ability to enhance compliance, streamline operations and better serve our customers."
The partnership enables SAUR to convert vast, complex datasets into structured, accessible insights. Processes that previously consumed extensive time and resources can now be executed within minutes, allowing teams to prioritise strategic initiatives.
Procurement & Supply Chain LIVE
Procurement & Supply Chain LIVE is returning to the Business Design Centre in London for its annual Global Summit.
This unmissable event is aimed at facilitating knowledge sharing and connections among the world's procurement and supply chain leaders.
Those attending can enjoy inspiring keynotes, engaging panels and exclusive workshops covering a diverse range of topics, including supply chain transformation, procurement technology, sustainability and ESG, AI, finance, logistics and supplier relationship management.
To secure your tickets, click here.
Leaders will also have the chance to get involved in high-level workshops.
Please note: these tickets are for C/V/D level executives and a business email address is needed to register. If you do not meet this criteria, your ticket may be cancelled.
