Icertis Obligation Management Application

Icertis Inc

Reduce risk and improve compliance at scale with the Icertis Obligation Management Application

Challenges with Traditional Obligation Management

Ensuring contracts perform to their full potential requires parties to deliver on all promises enshrined in them. Non-compliance not only has an adverse impact on performance, but also can expose businesses to substantial risks – including reputation damage, financial loss, and soured partner relationships. Manually managing these promises in the form of obligations, commitments, SLAs, and entitlements enshrined in contract clauses and terms has many challenges:

  • Obligations are often hidden in contract language and must be manually identified and extracted
  • Manual processes are error-prone, not scalable and do not proactively surface obligations
  • Missed obligations hurt performance and reduce the value derived from contracts

Benefits of the ICI Obligation Management Application

Built on the Icertis Contract Intelligence (ICI) platform and infused with artificial intelligence, the Icertis Obligation Management Application transforms how organizations identify, create, manage and fulfill obligations that were previously hidden in complex contract language. This enables businesses to:

  • Operationalize contracts quickly after execution with AI-assisted obligations discovery
  • Significantly reduce risks by complying with all contractual obligations to run a compliant business
  • Reduce costs and save time by automating the obligation lifecycle
  • Improve customer and supplier relationships
  • Leverage insights for better outcomes in contract negotiations & renewals
  • Recover financial compensation for unfulfilled counterparty obligations
Today, the world’s most iconic brands trust Icertis to govern the rights and commitments in their 7.5 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries. Icertis has developed and implemented Contract Lifecycle Management (CLM) solutions for hundreds of companies, including Microsoft. 
See why Icertis remains a Leader in latest Forrester Wave™ Report: Contract Lifecycle Management with the highest score possible (5.0) in 27 out of 32 evaluation criteria.

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