Company Information
HQ
Bellevue, WA
Founded
2009
Market
Contract Lifecycle Management
Solution
Icertis Contract Intelligence
Representative
Customers
Daimler Truck, Best Buy, Johnson & Johnson, Microsoft, Cigna, Lufthansa, Sanofi
Ideal Customer
Profile
A large to mega-sized global enterprise with a wide variety of revenue and procurement models and mid-to-high levels of contract complexity.
Company Size
Icertis’s strength lies in serving large to mega size organizations ($1B+).
Business Model
Technology Ecosystem(s)
Icertis is built on Microsoft Azure.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
Icertis’s key users are legal, legal ops, IT, sales, business, and procurement.
Investment Level
Implementations and ongoing operations are resource-intensive due to the complexity of the product and scope of typical customer implementations.
Agility
Implementations and ongoing administration of the solution involve IT and third-party SI support.
Complexity
Icertis solution is among the leaders in its ability to handle customer and contract complexity.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
Icertis Contract Intelligence is a global product with customers in North America, Europe, Asia, South America, and ANZ.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
The solution can handle buy-side, sell-side, and enterprise-wide deals. The product is a fit for General Counsel and Legal Ops needs.
Top 3 Verticals
Industrials
Icertis has significant experience with contract management for Industrials companies.
Health Care
Icertis can handle the complexity and volume of contracts for health care and life sciences companies.
Consulting
Icertis is well-suited for mega-sized consulting firms and government contractors.
Analyst Notes
Large to mega-sized organizations looking to do enterprise-wide CLM implementations have limited options, and Icertis is among the leading choices for a number of reasons. Among the 50+ contract management products on the market, Icertis is one of the few companies that meets Stage 5-6 of the MGI Research Six Stages of CLM Maturity Model.
The ideal use case is large to mega-sized global organizations in need of an enterprise-wide CLM solution. The solution can handle increasingly large volumes of contracts and handle the complexity of nearly any company. The company has vertical expertise in a number of industries including Industrials, Technology, Financial Services, and Consulting.