Icertis, the contract intelligence company pushing the boundaries of what's possible with Contract Lifecycle Management (CLM), today announced its inclusion in the Financial Times (FT) list of 2023 Americas' Fastest Growing Companies. Based on its revenue growth rate, Icertis ranks 239th on the prestigious list of 500 companies in 20 countries across the Americas. "Icertis surpassed $200 million in annual recurring revenue in 2022 and grew over 40% year-on-year, and we are uniquely positioned to transform the foundation of commerce through contracts while maintaining a consistent and lasting." Building companies," said Samir Bodas, Chairman and CEO of Icertis. "By applying artificial intelligence to contract data, Icertis established Contracts as the fifth system of record, capturing a company's entitlements and obligations for all of its customers, partners, suppliers, and employees.

Join us on November 9 to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers at the Low-Code/No-Code Summit. Traditional contract lifecycle management (CLM) tools focus on improving document workflows. However, Icertis seeks to take the field to the next level with contract intelligence that uses artificial intelligence (AI) and machine learning (ML) to automatically extract contract data at scale. These tools are designed to structure contracts' commercial, legal and operational data and connect that data to procurement, ERP and human capital management apps to help companies accelerate revenue, reduce costs, improve risk management and ensure compliance. When VentureBeat previously covered Icertis in 2019, the CLM market was expected to be worth $3.16 billion by 2023.

Icertis, Inc. provides Equal Employment Opportunity to all employees and applicants for employment without regard to race, color, religion, gender identity or expression, sex, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Icertis, Inc. complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. If you are in need of accommodation or special assistance to navigate our website or to complete your application, please send an e-mail with your request to careers@icertis.com or get in touch with your recruiter.

Across companies, a contract is viewed as something to be signed, filed away, and neglected until something goes astray. In an event when something goes off track, it is usually a frantic effort to obtain the required documents to recognise the implications for a company. Advance innovation like artificial intelligence is supporting companies to get past the issues when it comes to contracting using AI-based contracting software. By leveraging algorithms on data sets of contracts, it can discover patterns and spins out the different variables, including specific agreement terms, dates, and names of the parties. This empowers businesses to have much better and transparent control over their contracts, which can serve to be very valuable during challenging times, such as an ongoing pandemic. Complex contracts may be scattered across different repositories, locations and sources which is incredibly challenging to manage if done manually.

Icertis, the leading provider of enterprise contract management in the cloud, today announced Betsy Atkins, a three-time CEO, serial entrepreneur and founder of Baja Corporation, has joined its Board of Advisors. Having co-founded successful tech companies and having served on a wide variety of corporate boards, Betsy brings a wealth of expertise in leading companies through rapid expansion. As a key adviser, Betsy will provide strategic counsel on corporate governance, risk management, and scaling Icertis' global leadership in the rapidly growth Contract Lifecycle Management (CLM) market. The addition of Betsy to the Board of Advisors comes at a pivotal time as Icertis continues to grow rapidly and add iconic brands as customers. In 2019, the company's subscription revenues grew close to 100% YoY and, today, the company maintains the world's largest portfolio of contracts, over 7.5 million, with a total contracted value of over $1 trillion for the world's leading companies.

Microsoft is pitching blockchain technology as a way to make artificial intelligence less scary for its corporate customers. Much like consumers who are wary of AI, enterprises are queasy about putting their full trust in a "black box" where machine learning algorithms are indiscriminately applied to vast data sets. But Microsoft, which helps thousands of firms manage their data, claims a blockchain can add trust and a degree of transparency, assuaging such concerns. Underpinning this is a new tool called Azure Blockchain Data Manager, which the software giant released at its annual Ignite conference in Orlando, Florida, but was overshadowed by the announcement of a platform for creating enterprise tokens. Blockchain Data Manager takes on-chain data and connects it to other applications.

These posts represent my personal views on enterprise governance, regulatory compliance, and legal or ethical issues that arise in digital transformation projects powered by the cloud and artificial intelligence. Unless otherwise indicated, they do not represent the official views of Microsoft. If you follow enterprise legal and compliance issues as I do, you have surely heard the claim that AI is transforming the way corporate legal departments and the law firms that serve them operate. I'm certainly not going to contradict this claim. In fact, I see new evidence for it nearly every week.

Icertis has announced two new applications powered by Artificial Intelligence for the Icertis Contract Management (ICM) platform: ICM DigitizeAI and ICM DiscoverAI. The new applications leverage the Microsoft AI services from the Azure platform to leverage the data found in contracts. ICM DigitizeAI imports legacy contracts and maps attributes and clauses contained therein. This allows better analysis of contracts, mapping similarities and identifying variations between clauses. ICM DiscoverAI analyses the data collected and matches clauses and attributes found in every clause to common clause libraries.

For the first time in the history of commerce, contracts are being completely digitized. This development, combined with the rapid evolution of artificial intelligence (AI), has business leaders entirely rethinking the role contracts can play in their enterprise. Contracts touch every facet of a business, including sales, procurement, and human resources. Prior to digitization, though, they were difficult or impossible to use in a strategic way. They were either relegated to a filing cabinet, or scanned and put into a shared drive as a PDF--forgotten until a problem cropped up.