- Ai Everything and Forbes AI Recognize Icertis' Use of Artificial Intelligence 
to Solve Previously Intractable Contracting Challenges
    
    Icertis (https://www.icertis.com/), the leading provider of enterprise 
contract management in the cloud, was named Best Application of Artificial 
Intelligence (AI) in Contract Management at the Ai Everything and Forbes AI 
Brave Awards (https://ai-everything.com/brave-awards-winners/). The 
acknowledgment underlines Icertis' success in infusing AI in its category 
defining Icertis Contract Management (ICM) platform. ICM helps customers 
digitally transform how they manage their contracts worldwide and solve 
previously intractable contracting challenges with the transformative power of 
modern AI technology.
    
    (Logo: https://mma.prnewswire.com/media/846094/Icertis_Logo.jpg) 
    
    For the first time in history, contracts are being digitized. With arguably 
one of the largest, varied and relevant contract repositories in the world with 
more than 6.5 million contracts representing more than $1 trillion of managed 
contract value, Icertis is using AI to turn these once-unstructured documents 
into live, strategic assets for its customers. In addition, with Icertis' AI 
applications 
(https://www.icertis.com/contract-management-software/ai-applications/) built 
on the ICM platform, companies can not only quickly digitize third-party 
contracts without manual review, but also analyze past negotiation history to 
gain insights for improvement, and unleash deep data visualization capabilities 
that provide unprecedented visibility into contract relationships and 
performance.
    
    "We're honored to receive this award from Ai Everything, an organization 
dedicated to working with innovators and companies globally to uncover 
ground-breaking solutions employing artificial intelligence technology," said 
Monish Darda, CTO and Co-founder of Icertis. "Most recent applications of AI in 
contract management have focused on the legal aspects of contracts and clauses 
- we believe that because we deeply participate in the business process through 
contracts, we are uniquely positioned to unleash the transformative power of AI 
for our customers. And with the confluence of AI with distributed 
ledgers/blockchain technology, this paves the way for us to redefine this 
space."
    
    The data in the millions of contracts Icertis manages represents thousands 
of contract types and templates, and a taxonomy curated from hundreds of 
thousands of clauses - all mapped to customers' distinctive semantic 
structures. The ICM platform leverages AI to better understand the meaning of 
clauses and to identify what contract language could pose risks or 
opportunities to the enterprise, creating value where there was none before.
    
    "Icertis embodies the break through innovation this award celebrates. By 
deeply embedding AI in their platform, Icertis is providing unprecedented 
visibility into contract relationships and performance," said Trixie 
LohMirmand, Senior Vice President, Dubai World Trade Centre. "The calibre and 
quality of our entrants was impressive, but Icertis stood out as a business 
that is continuously striving for innovation, exemplified through its 
cutting-edge solutions and approach to contract management challenges, which 
continue to grow in complexity."
    
    Hosted in association with Forbes AI, the Ai Everything Brave Awards 
celebrate the very best in AI adoption and innovation among top global 
companies; recognizing exceptional lab-to-live solutions, industry applications 
and pilot projects in AI. This recognition is the latest success for Icertis, 
and follows this year's IACCM Innovation and Excellence award for 'Outstanding 
Service Provider' in EMEA 
(https://www.icertis.com/news/icertis-wins-iaccm-innovation-and-excellence-award
-in-outstanding-service-provider-category/), providing further evidence that 
Icertis is driving innovation within contract management.
    
    Ai Everything Brave Awards Dubai, 2019: Ai Everything is hosted by the 
UAE's National Program for Artificial Intelligence with the support of global 
association partners International Telecommunication Union (ITU) and the World 
Intellectual Property Organization (WIPO), in strategic partnership with Smart 
Dubai.
    
    About Icertis 
    Icertis, the leading enterprise contract management platform in the cloud, 
solves the hardest contract management problems on the easiest to use platform. 
With Icertis, companies accelerate their business by increasing contract 
velocity, protect against risk by ensuring regulatory and policy compliance, 
and optimize their commercial relationships by maximizing revenue and reducing 
costs. The AI-infused Icertis Contract Management (ICM) platform is used by 
companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Sanofi to manage 
6.5 million contracts in 40+ languages across 90+ countries.
    
    Icertis Media Contact: 
    Haley Flanagan 
    Corporate Communications Manager 
    Icertis 
    CorpComm@icertis.com  


    Source: Icertis