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Techday NZ
23-05-2025
- Business
- Techday NZ
SAP & Icertis deepen partnership with AI contract extension
Icertis is working with SAP to embed its contract intelligence platform into SAP solutions, making it available as a solution extension called SAP Ariba Contract Intelligence by Icertis. The collaboration is intended to offer businesses real-time actionable insights, increased productivity and improved financial outcomes through the use of AI-powered contract intelligence. According to Icertis, its contract intelligence platform will now be offered as a solution extension under SAP's premium qualification process, with ongoing support from SAP's service teams. This integration builds on the existing partnership between the two companies and aims to enable faster product deployment and reduced time to value. The companies say benefits include one-stop licensing, deeper preconfigured product integrations, and an enhanced user experience for customers adopting the new platform. There are over 25,000 SAP partners globally, but only around 40 partners hold the exclusive status required to contribute a SAP Solution Extension. The availability of SAP Ariba Contract Intelligence by Icertis marks a significant development for both companies within SP's partner ecosystem. Contracts are described by Icertis as the foundation of all business relationships, setting out the rules of how businesses buy, sell, and partner. Traditionally, contracts have been static documents, but Icertis says its platform transforms these documents into actionable business rules, directly integrated within the SAP user experience. This, according to the company, enables customers to drive revenue, control costs, mitigate risk, and maintain compliance by linking structured contract data to business processes. Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP, commented on the development: "Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies." Anand Subbaraman, Chief Operating Officer, Icertis, said: "Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations, and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment. For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes." Icertis is an AI-powered contract intelligence partner for technology companies and global systems integrators, and according to MGI Research, it is three times the size of the next pure-play contract lifecycle management vendor. The combined efforts of Icertis and SAP are expected to help enterprises digitally manage and integrate their contracts into core business functions. The companies aim to provide enterprises with actionable data and insights from contracts in real time, supporting growth, cost control, and risk mitigation initiatives.
Business Upturn
21-05-2025
- Business
- Business Upturn
Icertis and SAP Deepen Partnership to Accelerate Time to Value with AI-Powered Contract Intelligence
By Business Wire Published on May 21, 2025, 11:30 IST Bellevue, Wash., United States: Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience. Contracts are the foundation of every business relationship, establishing the rules of business for how enterprises buy, sell, and partner to drive global commerce. Icertis transforms traditionally static contracts into actionable business rules within the SAP user experience – enabling customers to drive revenue, control costs, mitigate risk, and ensure compliance by integrating structured contract data directly into core business processes. 'Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies,' said Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment,' said Anand Subbaraman, Chief Operating Officer, Icertis. 'For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes.' Icertis is the AI-powered contract intelligence partner of choice for leading technology companies and global systems integrators and 3x the size of the next pure-play contract lifecycle management vendor, according to MGI Research. To learn more about why contracts are one of the most valuable assets in the enterprise and a prime resource to drive financial outcomes with GenAI, visit Icertis at booth 338 at SAP Sapphire Orlando. About Icertis Icertis delivers AI-powered insights and agentic automation to transform static contracts into strategic enterprise advantage. The Icertis Contract Intelligence platform revolutionizes how enterprises manage their customer, supplier, and partner relationships, enabling businesses to grow revenue, control costs, mitigate risk, and ensure compliance. Today, more than one third of the Fortune 100 trust Icertis to realize the full potential of millions of business relationships in more than 90 countries around the world. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
Business Wire
20-05-2025
- Business
- Business Wire
Icertis and SAP Deepen Partnership to Accelerate Time to Value with AI-Powered Contract Intelligence
BELLEVUE, Wash.--(BUSINESS WIRE)-- Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature." Share Contracts are the foundation of every business relationship, establishing the rules of business for how enterprises buy, sell, and partner to drive global commerce. Icertis transforms traditionally static contracts into actionable business rules within the SAP user experience – enabling customers to drive revenue, control costs, mitigate risk, and ensure compliance by integrating structured contract data directly into core business processes. 'Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies,' said Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment,' said Anand Subbaraman, Chief Operating Officer, Icertis. 'For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes.' Icertis is the AI-powered contract intelligence partner of choice for leading technology companies and global systems integrators and 3x the size of the next pure-play contract lifecycle management vendor, according to MGI Research. To learn more about why contracts are one of the most valuable assets in the enterprise and a prime resource to drive financial outcomes with GenAI, visit Icertis at booth 338 at SAP Sapphire Orlando. About Icertis Icertis delivers AI-powered insights and agentic automation to transform static contracts into strategic enterprise advantage. The Icertis Contract Intelligence platform revolutionizes how enterprises manage their customer, supplier, and partner relationships, enabling businesses to grow revenue, control costs, mitigate risk, and ensure compliance. Today, more than one third of the Fortune 100 trust Icertis to realize the full potential of millions of business relationships in more than 90 countries around the world. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
