Bellevue, Wash., August 31, 2017 – Icertis, the leading provider of enterprise contract management in the cloud, today announced that Sanofi, a global, integrated healthcare leader with operations in more than 100 countries, has selected the Icertis Contract Management (ICM) platform as its contracting foundation. The ICM platform will help redesign and streamline Sanofi’s contracting processes to drive increased business velocity, and improve monitoring and standardization across its contracting operations.
To deliver on its commitment to bolster business efficiency, and reduce risk, Sanofi concluded the company needed to transform its contract management foundation. Sanofi chose the Icertis platform due to its ease of use, which will increase adoption and improve contracting speed, and due to its support for many contract types, which will provide greater visibility and help manage risk.
"We are thrilled to have Sanofi, a company that is committed to making a real difference in the lives of people every day, as a customer," said Samir Bodas, Co-founder and CEO of Icertis. "As global enterprises like Sanofi look to transform their commercial foundation, treating contracts as valuable assets rather than static documents is a critical component of that transformation. We are excited to partner with Sanofi as they reimagine contract management for the digital era."
The Icertis platform’s intelligent risk management capabilities allow companies to identify, assess and automatically mitigate risk, while region-based variations in workflow and support for multiple languages allow companies to monitor regulatory compliance across the globe.
"Of all the information entities in a business, there is nothing more foundational, or business critical, than the contract," said Pierre Mitchell, Chief Research Officer and Managing Partner of Spend Matters. "A contract is the ultimate commercial system of record, and as value chains become increasingly complicated and outsourced, the required business agility must get translated into commercial agility. From our analysis of the product, Icertis seems well positioned to serve large enterprises looking for deep and flexible Contract Lifecycle Management support."
ICM is now used by 4 of the top 7 pharmaceutical companies including Roche, AbbVie, and now Sanofi. In March, the company also introduced an upgrade to their Icertis Clinical Trial Agreement and Budgeting solution designed to improve clinical trials contract management.
Icertis, the leading provider of enterprise contract management in the cloud, solves the hardest contract management problems on the easiest to use platform. Icertis helps companies transform their commercial foundation increasing compliance, improving governance, mitigating risk and enhancing user productivity, thereby maximizing ROI and accelerating time to value. The Icertis Contract Management (ICM) platform is used by 1+ million users at companies like 3M, Becton Dickinson, Cognizant, Daimler, and Microsoft, to manage 3.5+ million contracts in 40+ languages across 90+ countries. For more information, visit www.icertis.com.
Icertis Media Contact:
Barokas Public Relations for Icertis