CASES IN POINT: Integrating contracts and workflows across the enterprise delivers significant benefits

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1 CASES IN POINT: Integrating contracts and workflows across the enterprise delivers significant benefits

2 Introduction The Icertis Contract Management (ICM) platform brings together buyside, sell-side, and corporate contracts and processes. The cloud-based, enterprise-wide platform dramatically improves contract management, with alerts that ensure commitments and milestones aren t missed. It automates workflows to speed up cycle times. And it enables comprehensive analysis and optimization of global operations and supplier relationships, boosting compliance, negotiations, and economies of scale. Here are several real-world examples of the benefits that can be gained when contracts and workflows are integrated across the enterprise.

3 Airtel standardizes complex contract processes worldwide Standardization A $14 billion global telecommunications company, Airtel used to manually generate a large number of complex contracts in multiple languages with no standardized templates or contract management process, no central storage location, and limited visibility across the organization. Visibility Dublin, Ireland Thanks to the flexible and intuitive nature of the Icertis platform, Airtel was able to quickly implement an enterprise-wide, multilingual contract management system. The company standardized its library of clauses and templates and created a rules-driven selection process. Contracts now live in a central repository that is visible across the organization and includes analytics and reporting capabilities. What s more, Airtel can define SLA terms and capture periodic SLA data from contractors and evaluate that data against contract targets. It also created custom alerts to flag any SLAs at risk of getting off track.

4 Hyundai HATA streamlines its entire RFX process Velocity HATA was established in 2012 to provide telematics service for the Hyundai and Kia automobile brands in North America, with a goal to expand to other brands and regions in the near future. As the company grew, its manual processes surrounding suppliers onboarding and ongoing supplier transactions were proving unsustainable. Irvine, California Hyundai HATA adopted the Icertis platform to fully automate its supplier contract award process and reduce the time from initial RFX to contracting. The company uses the platform to onboard new suppliers, release purchase orders, and allow suppliers to submit invoices through a vendor portal.

5 Standardization Pharmaceutical leader s unified contracting delivers significant savings Velocity Visibility A global pharmaceutical leader was using a fragmented, partially automated contract management system that was challenging to use and difficult to govern. The company adopted the Icertis platform to create a unified, end-to-end system that integrates with its existing IT infrastructure. The company s contract processes are now four times faster, saving hundreds of millions of dollars. Standardization has improved the compliance of sourcing agreements, and better visibility has enabled the organization to maximize the cost savings potential within those agreements. The company is also experiencing less maverick contracting and the risk exposure that comes with it. United States Compliance

6 Daimler AG Daimler standardizes procurement operations across 400,000 suppliers Standardization In the rapidly changing world of auto manufacturing, procurement teams are at the forefront of transforming their supply chains. To meet this challenge, Daimler AG one of the biggest producers of premium cars and the world s largest manufacturer of commercial vehicles has adopted the Icertis platform to overhaul the procurement process for its 400,000 suppliers. Integrated with Microsoft Azure, this transformative initiative will ensure transparency throughout the lifecycle of each contract, provide visibility of contracts and pricing information globally, and unify the procurement processes of different business units and geographies. Visibility Stuttgart, Germany The Icertis Contract Management platform powered by Microsoft Azure is fueling Daimler to re-imagine and transform contract management as they reshape the future of mobility, said Michel Van der Bel, Corporate Vice President of Microsoft EMEA.

7 Lupin improves compliance across third-party contracts Compliance A $2 billion transnational pharmaceutical company, Lupin has to ensure FDA-mandated terms and those of equivalent agencies in India and Europe are covered in all of its contracts with outsourced manufacturing partners. Any gaps would expose the pharmaceutical leader to huge regulatory issues and possible fines. Mumbai, India Visibility To improve the compliance of its contracts, including those with thirdparty manufacturers, Lupin adopted the Icertis platform. The platform gives Lupin the visibility needed to ensure all of its contracts adhere to regulatory commitments and obligations in the U.S., India, and Europe.

8 See how easy and intelligent cloud-based, enterprise-wide contract management can be. Request an Icertis demo at: Icertis is the leading provider of contract lifecycle management in the cloud. Managing 2.5+ million contracts for 750,000+ users in 90+ countries and 40+ languages, Icertis Contract Management (ICM) is an intelligent, easyto-use platform that is highly configurable and continually adapts to complex business needs. To learn more, contact us at or