Report Recognizes Contract Management Software Company Based on Customer Satisfaction, Functionality, Strategy, and Other Criteria
Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), today announced that it has been named a Leader in the IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2021 Vendor Assessment (doc #US46965921, November 2021). Icertis was recognized as a Leader for both capabilities and strategies in the first IDC MarketScape to focus on CLM capabilities for legal professionals.
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The IDC MarketScape evaluated ten CLM providers based on a wide range of criteria, including customer satisfaction, functionality, and strategy. The assessment found Icertis to have the following strengths:
- Ease of use: Customers widely reported the intuitive and configurable user interface of Icertis was a major benefit. Legal users, in particular, noted that Icertis’ integration with the Microsoft Office suite was seamless and enabled them to work where they are comfortable. Further, Icertis has a large number of out-of-the-box APIs that customers reported aiding in their embedding of the software within existing infrastructure.
- Vertical/horizontal focus: Icertis has all of the essential capabilities one would expect from a CLM tool—the flexibility of the tool to tailor the experience based on horizontals and verticals of the enterprises. Icertis gives end users everything they need and nothing that they do not. Customers noted that the partnership they experience from the Icertis team helped them enhance their expertise within specific horizontals and verticals.
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According to the IDC MarketScape report, “Contract lifecycle management tools sit at the heart of digital transformation, not only for legal, but also for the organization at large. Digitally transformed enterprises are breaking down silos and creating well-oiled machines that work as one instead of an amalgamation of documents. Very few pieces of technology cut across the organization quite like CLM.”
“We believe that being recognized as a leader in this important IDC MarketScape research validates the indisputable ROI that legal teams and their organizations are achieving with Icertis as they transform contract management,” said Samir Bodas, CEO and Co-founder, Icertis. “Contracts are the single source of truth for a company’s entitlements and obligations, driving corporate legal professionals to harness the power of Icertis Contract Intelligence to enable incredible agility for their legal department, as well as business.”