ICI Business Applications

ICI Business Applications, built on the Icertis Contract Intelligence (ICI) platform, help customers address specific business requirements and get even more out of their investment in the ICI platform.

ICI Sourcing Application

The ICI Sourcing application places contracts at the center of the sourcing process to ensure compliance, minimize risk, and create long term strategic agility. Get full visibility into supplier’s risk profile and ensure compliance throughout the procurement process. Leverage AI/ML based contract terms and clause recommendations to better negotiate RFx events and surface opportunities for savings. Perform side-by-side analysis of bids or proposals, and score them with both qualitative and quantitative criteria. Get a complete view of your relationship with suppliers including current and past contracts, historical performance and complete risk profile for a unified view for sourcing events.

ICI Obligation Management Application

The ICI Obligation Management application enables companies to better manage their commitments and to realize the full value of their entitlements. This helps optimize business performance, and protects organizations from reputational, commercial and financial risks. Built on the ICI platform and infused with artificial intelligence, the new app transforms how organizations identify, create, manage and fulfill obligations that were previously hidden in complex contract language. The app includes automatic obligation discovery, powerful rule-based obligation ownership, workflow tools to ensure seamless obligation fulfillment, and sophisticated analytics – all designed to protect your business and maximize the ROI of your relationships.

Extend Contract Type definition to be able to describe the Application Type

ICI offers the ability to determine the Application Type (Contracting, Sourcing, Proposal, Obligation Management, and Supplier Lifecycle Management) when creating a Contract Type. The access privileges for Business Applications such as Sourcing, are driven through Security Groups.

ICI Risk Management Application

The Icertis Risk Management application to make it easier for professionals to carry out their tasks related to risk management such as assessment, due diligence, remediation, monitoring and reassessment. Risk Management is the process of identifying the potential risk, assessing the magnitude of risk based on the business objectives and devising strategies to mitigate them and tracking the performance until they are completely mitigated.

The platform’s modern, scalable and integration friendly cloud architecture can model even the most complex risk management scenarios. It enables secure communication with different parties involved in the process of risk management that is more effective than the traditional ways of communication such as email. Its user-friendly interface makes it possible for anyone in the enterprise, from the risk management personnel to the supply analytics team, to be able to use the platform with ease.

 

 

Related Topics: ICI Sourcing App | ICI Obligation Management App | ICI Risk Management App | Release_Notes |