Contract lifecycle management (CLM) capabilities are the core of the Icertis Contract Intelligence (ICI) platform. A suite of AI applications structure contract data to provide deeper analysis, actionable insights and automation at scale. The combination of intelligent contract creation, automation, and insights in the Icertis Contract Intelligence (ICI) Platform allows users to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise. 

CLM Capabilities
Icertis' primary objective is to streamline the entire contract management process, from creation and negotiation to execution and compliance, in order to improve efficiency and minimize risks for its users.

One of the key technical capabilities of Icertis is its ability to automate contract creation using customizable templates and a clause library, ensuring that contracts adhere to the specific requirements of the users. The platform also offers features such as automated approval workflows, digital signature capabilities, and secure storage in a centralized repository. This not only facilitates easy organization and access to contracts but also helps maintain compliance with relevant regulations and policies.

Additionally, Icertis provides advanced analytics and reporting tools, enabling users to gain insights into contract performance, identify potential bottlenecks, and make data-driven decisions. The platform's seamless integration with widely-used CRM systems, such as Salesforce, and other business applications further enhances its practicality and ease of use. 

Icertis ExploreAI Service
Icertis ExploreAI Service enables enterprises to safely leverage the power of generative AI to bring a new level of efficiency to contract management that will turbocharge your business. Icertis ExploreAI Service combines the power of large language AI models and Icertis proprietary AI models to derive insights from your contract data, your enterprise data, and the Icertis Data Lake to deliver powerful, material business outcomes not possible before.  

ICI NegotiateAI
Built on the Icertis Contract Intelligence (ICI) platform, the ICI NegotiateAI app gives businesses the AI-powered insights they need to optimize their contractual negotiations. With the help of this app, you can easily analyze high volumes of contracts, understand their component terms and clauses, and find similar precedents from across your company’s entire contract repository. You can also quickly create clause deviations to ensure compliance and improve business velocity. The app works as a plug-in for Microsoft Word to seamlessly surface these insights right within the familiar user experience that professionals already know and use every day.

Icertis Copilots
Icertis Copilots provide professionals with assistive, generative, natural language capabilities that cut through legal-ese to deliver insights, accelerate contract reviews, and more to drive business forward. Built on the Icertis ExploreAI Service, Icertis Copilots keep contract data safe and secure.

Interactive Insights Copilot
Engage directly and rapidly uncover insights via pre-defined, hierarchical prompts and free-form prompts that highlight key provisions and identify related contract information. With role-based summaries based on a unique combination of secure data sources, Interactive Insights Copilot helps increase the speed and effectiveness of negotiations while providing instant answers to critical business questions.

Risk Assessment Copilot
Automate high-volume contract reviews by comparing contract attributes against specific risk criteria to ensure required clauses and approved language are present in every agreement. Risk Assessment Copilot earmarks agreements that don’t require further review and identifies and helps users address missing or noncompliant attributes.

Discover Copilot
Identify contract attributes and clauses in third party contracts leveraging the combined power of Microsoft Azure OpenAI and Icertis’ proprietary AI. Discover Copilot semantically matches contract attributes and clauses directly to contract and clause types defined in your organization’s clause and template library.​

News:
In August of 2024, a integration with Harvey was announced that will allow Icertis users to leverage Harvey to extract key contract terms and clauses, analyze them based on playbooks, and determine the level of risk and review required.

Funding Information:
Icertis has raised a total of $516M in funding over 11 rounds. Their latest undisclosed amount of funding was raised on Mar 1, 2023 from a Secondary Market round.