Icertis

Jungheinrich Selects Icertis to Drive Enterprise Transformation with Contract Intelligence

Retrieved on: 
Tuesday, February 27, 2024
Synovial joint, Icertis, ICI, Commerce, Risk, Referent, Mercedes-Benz, Lufthansa, CLM, Corporation, Ferring Pharmaceuticals

FRANKFURT, Germany, Feb. 27, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence company, today announced that Jungheinrich has selected Icertis Contract Intelligence (ICI) to modernize its contract processes. The seamless integration between SAP S/4HANA, SAP Subscription Billing, and the AI-powered, enterprise-grade platform from Icertis will enable Jungheinrich's team to accelerate negotiations by standardizing, automating, and streamlining contract management. The company will also leverage Icertis NegotiateAI to improve outcomes and mitigate risk by surfacing insights across high-volume contracts.

Key Points: 
  • FRANKFURT, Germany, Feb. 27, 2024 /PRNewswire/ -- Icertis , the global leader in AI-powered contract intelligence company, today announced that Jungheinrich has selected Icertis Contract Intelligence (ICI) to modernize its contract processes.
  • As a global provider of sustainable material handling products and intralogistics solutions, Jungheinrich is undergoing an enterprise-wide digital transformation.
  • "Icertis Contract Intelligence gives us a holistic view of the contract lifecycle and streamlines our contract creation process for optimal outcomes."
  • As the leader of the burgeoning $30 billion CLM market 1, Icertis introduced the first generative AI Copilots for enterprise contract management and continues to transform the foundation of commerce through contracts for customers like Jungheinrich.

AI Sentiment Among Legal, Procurement Workforce Outpaces Organizational Readiness in Icertis and World Commerce & Contracting Study

Retrieved on: 
Monday, February 26, 2024
CCM, AI, Investment, Icertis, Risk, Commercial management, Privacy, Anomaly, Research, Pressure, Medical device

BELLEVUE, Wash., Feb. 26, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence, and World Commerce & Contracting, the global leader in independent research in commercial and contract management (CCM), have published a new report titled AI in Contracting: From Untapped Revolution to Emerging Evolution.

Key Points: 
  • "As AI rapidly evolves, this study from World Commerce & Contracting and Icertis points to its power in redefining commercial practices and creating value as a strategic asset capable of enabling both innovation and efficiency," said Tim Cummins, President of World Commerce & Contracting.
  • "AI can analyze vast amounts of contract data with speed and accuracy, uncovering patterns and anomalies that might go unnoticed by human oversight.
  • Nearly 80 percent of legal and procurement professionals are now personally enthusiastic about AI, more than double the number who expressed positive sentiment in June 2023.
  • "Icertis offers legal and procurement teams secure platforms and proven AI models that deliver reliable insights they can trust to inform business decisions.

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Wednesday, February 21, 2024
Murphy Oil, AI, PSP, Icertis, SAP, Azure, Johnson & Johnson, Microsoft Azure, Risk, Krones, ARR, History, Mercedes-Benz, CLM, Trust, Microsoft, Partner, Sales

BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR). Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.

Key Points: 
  • BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • "Coupled with our trust in the core Icertis platform, we hope to realize substantial value by responsibly applying generative AI to improve our contract management."

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Wednesday, February 21, 2024
Murphy Oil, AI, PSP, Icertis, SAP, Azure, Johnson & Johnson, Microsoft Azure, Risk, Krones, ARR, History, Mercedes-Benz, CLM, Trust, Microsoft, Partner, Sales

BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR). Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.

Key Points: 
  • BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • "Coupled with our trust in the core Icertis platform, we hope to realize substantial value by responsibly applying generative AI to improve our contract management."

86% of Procurement Leaders Are Spearheading Sustainability Initiatives, According to Icertis Sponsored Study

Retrieved on: 
Tuesday, January 16, 2024
Research, CONFIG.SYS, AI, ESG, CLM, Impact, Risk management, Icertis, CPO

BELLEVUE, Wash., Jan. 16, 2024 /PRNewswire/ -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), has published the annual ProcureCon CPO report based on research undertaken by WBR Insights.

Key Points: 
  • Survey respondents included supply chain, procurement, and risk management leaders from companies across the U.S. and Canada in industry sectors spanning manufacturing, pharmaceutical, aerospace, automotive, and more.
  • Key findings from the 2024 CPO Report include:
    Procurement teams are a strategic arm for driving value.
  • 86 percent of CPOs play a moderate to large role in driving sustainability decisions, with 46 percent prioritizing ESG and sustainability goals in 2024.
  • This is a pivotal moment for procurement leaders to assert their influence, steering the organization and shaping business-critical initiatives with AI technology, particularly in contract management."

Anne Baker Returns to Adaptiva as CMO to Lead the New Era of Autonomous Endpoint Management

Retrieved on: 
Wednesday, January 10, 2024
Data Management, Apps, Applications, Technology, Mobile, Wireless, Software, Networks, Internet, Adobe, Multimedia, Microsoft, SAP, AI, Woman, Puget Sound Business Journal, TDC, Risk, MBA, Cornell University, AWS, Accenture, Icertis, Marketing, Seattle University, Management

Adaptiva , a global leader in autonomous endpoint management, today announced that Anne Baker has returned to the company, where she previously served as vice president of product management and marketing, to now head marketing initiatives worldwide.

Key Points: 
  • Adaptiva , a global leader in autonomous endpoint management, today announced that Anne Baker has returned to the company, where she previously served as vice president of product management and marketing, to now head marketing initiatives worldwide.
  • View the full release here: https://www.businesswire.com/news/home/20240110044725/en/
    “We are thrilled to have Anne back at Adaptiva.
  • She is a brilliant marketer who brings a deep understanding of the endpoint management and security landscape.
  • “The time was right for me to return to Adaptiva as the company leads its hundreds of enterprise customers into the new era of autonomous endpoint management,” said Baker.

Icertis Sponsored Study Reveals Overwhelming Consensus: 85% of Legal Teams will Utilize Generative AI by 2026

Retrieved on: 
Tuesday, December 12, 2023
Generative, Research, Synthetic media, Risk, Public sector, Contract management, Pulse, CLM, Icertis, Health, AI, LDO, Sales, Medical device

BELLEVUE, Wash. , Dec. 12, 2023 /PRNewswire/ -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), has published the 2023 Law Department Operations (LDO) Survey titled The Evolving Legal Service Delivery Model: Generative AI is Already Changing Expectations. The 2023 report is based on research undertaken by Blickstein Group in collaboration with Icertis and fellow sponsors.

Key Points: 
  • This year's report uncovers the pivotal role of generative AI in the legal landscape to address financial challenges, business process improvements, long-term strategies, and technology adoption.
  • Key findings from the 2023 LDO Survey include:
    Legal teams are confident in the promise of generative AI.
  • 36 percent of legal operations professionals have already experienced the impact of generative AI on their department's budgets and resource allocation.
  • 67 percent believe that generative AI will enable them to bring more work in-house, and 70 percent agree that wider generative AI adoption will lead to cost savings.

C-Suite Predicts 2024 to be Watershed Year for Financial Impact of Generative AI in Icertis Survey

Retrieved on: 
Wednesday, November 8, 2023
Ethics, ESG, ChatGPT, Workforce, Organization, Senior, Trust, CIO, Risk management, Risk, Employment, CFO, CLM, Competition, Management, Medical device, Sales, Icertis, AI

BELLEVUE, Wash., Nov. 8, 2023 /PRNewswire/ -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), today released its inaugural AI impact report titled The Future of Generative AI: C-Suite Perspectives for 2024 and Beyond. 500 senior executives at businesses across the U.S. and U.K. shared their perspectives on how AI will transform the workforce, data privacy, the competitive landscape, and more. Results confirm that the influence of AI on financial performance will reach a critical inflection point for companies across all industries in the year ahead: Nearly half of senior leaders agree AI will impact their bottom line in 2024 and 56 percent are prioritizing AI use cases that have an immediate impact on revenue or cost.

Key Points: 
  • "We are living in a revolutionary era for technology with the proliferation of generative AI, yet the question remains whether AI will live up to the hype in terms of its value for businesses.
  • According to this survey from Icertis, the resounding answer from forward-looking leaders is yes – and the profound effects of AI on the enterprise are imminent," said Monish Darda, CTO and Co-founder, Icertis.
  • However, an analysis of these key themes reveals discord and new areas of opportunity to reimagine strategic advantage with AI.
  • Today, Icertis supports 30 percent of the Fortune 100 and continues to operate as a mature player in the emerging generative AI market, delivering the first generative AI Copilots for contracting with its Icertis Contract Intelligence Copilots .

C-Suite Predicts 2024 to be Watershed Year for Financial Impact of Generative AI in Icertis Survey

Retrieved on: 
Wednesday, November 8, 2023
Ethics, ESG, ChatGPT, Workforce, Organization, Senior, Trust, CIO, Risk management, Risk, Employment, CFO, CLM, Competition, Management, Medical device, Sales, Icertis, AI

BELLEVUE, Wash., Nov. 8, 2023 /PRNewswire/ -- Icertis, the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management (CLM), today released its inaugural AI impact report titled The Future of Generative AI: C-Suite Perspectives for 2024 and Beyond. 500 senior executives at businesses across the U.S. and U.K. shared their perspectives on how AI will transform the workforce, data privacy, the competitive landscape, and more. Results confirm that the influence of AI on financial performance will reach a critical inflection point for companies across all industries in the year ahead: Nearly half of senior leaders agree AI will impact their bottom line in 2024 and 56 percent are prioritizing AI use cases that have an immediate impact on revenue or cost.

Key Points: 
  • "We are living in a revolutionary era for technology with the proliferation of generative AI, yet the question remains whether AI will live up to the hype in terms of its value for businesses.
  • According to this survey from Icertis, the resounding answer from forward-looking leaders is yes – and the profound effects of AI on the enterprise are imminent," said Monish Darda, CTO and Co-founder, Icertis.
  • However, an analysis of these key themes reveals discord and new areas of opportunity to reimagine strategic advantage with AI.
  • Today, Icertis supports 30 percent of the Fortune 100 and continues to operate as a mature player in the emerging generative AI market, delivering the first generative AI Copilots for contracting with its Icertis Contract Intelligence Copilots .

Neal Singh, industry veteran from Microsoft, GE, and Icertis, joins Zenoti as President & COO

Retrieved on: 
Tuesday, November 7, 2023
Cloud, Fintech, Real-time, Financial Times, Software as a service, GE HealthCare, Microsoft, Health, Software, Growth, Icertis, Partner, Gartner, Beauty, Management

BELLEVUE, Wash., Nov. 7, 2023 /PRNewswire-PRWeb/ -- Zenoti, the industry leader powering more than 25,000 beauty and wellness businesses with vertically focused SaaS software for salons, spas, medspas, and fitness centers, today announced the appointment of Neal Singh as President & COO. Singh, a software industry veteran with 20-plus years of experience, will lead all Zenoti product and delivery functions, spanning engineering, product management, implementation services, customer success, and support. He will also drive Zenoti's investments in the payments and fintech categories.

Key Points: 
  • Singh, a software industry veteran with 20-plus years of experience, will lead all Zenoti product and delivery functions, spanning engineering, product management, implementation services, customer success, and support.
  • "The success of Zenoti is driven by the success of our customers," said Sudheer Koneru, Zenoti co-founder and CEO.
  • "With Neal, we have someone with the leadership ability and passion to ensure that all Zenoti customers continue to outpace the industry in revenue and profit growth," continued Koneru.
  • Singh joins Zenoti today and will be based in the company's corporate headquarters in Bellevue, Washington.