In an announcement made by Accenture, the global consultant has entered into a strategic partnership with Icertis.
Combining Accenture’s experience in digital transformation capabilities and Icertis’s contract intelligence technology, the two plan to help customers across industries gain greater visibility into their contracts, manage risks, and manage the contracting process more efficiently and effectively.
The partnership draws on Accenture’s own success of harnessing Icertis Contract Intelligence across its global legal and procurement operations.
“Contracts define what a business buys and sells and how it operates, making contract lifecycle management essential for top-line growth and effective risk management. By partnering with Icertis to offer its industry-leading platform, we can work with clients to fully realise the inherent value of a digitised, intelligent contract management experience,” said Jason Dess, senior managing director, CFO & Enterprise Value, Accenture.
Helping customers accelerate their migration to the cloud
With organisations facing increasing pressures to reduce costs, mitigate risks, comply with growing cross-border regulations, and improve their speed to market, Accenture explains the significance of contract intelligence for legal sales, financial and procurement leaders. “CI is a modern contracting platform—centralised, industrialised and enabled—with workflow functionality that promotes efficiency and transparency across jurisdictions, geographies, and the most complex client accounts,” said Accenture.
By joining forces Accenture and Icertis will help customers accelerate their migration to the cloud, using artificial intelligence (AI) to speed up the process, track compliance, monitor risks, reduce costs, and improve outcomes.
“We can see across our contract portfolio like never before—whether it’s how long it takes to finalise deals or getting a complete view of the various agreements we have with an organisation. This comprehensive view and depth of real-time insight is truly game-changing for our business and the value we can bring to our clients,” added Joel Unruch, general counsel and corporate secretary, Accenture.
“Accenture has a phenomenal record of helping clients embrace change to realise deeper, faster and greater value. We are pleased to bring together our innovative technology platform with Accenture’s world-class digital capabilities to help companies turn contract management into a strategic business function. We are also privileged to bring the scope and scale of the Icertis Contract Intelligence platform to Accenture’s team and are excited about what the future holds for our organisations and mutual customers across the globe,” concluded Samir Bodas, CEO and co-founder, Icertis.