Icertis said that Chemonics has gone live with the Icertis Contract Management (ICM) Platform.
Chemonics is an international development company, which partners with bilateral and multilateral donors and the private sector to manage capacity building projects in developing countries.
The Icertis solution, delivered on the cloud, was implemented globally at Chemonics in a single rollout, which included all their field offices spread across five continents.
Users in different business units at Chemonics routinely request, create, and negotiate a varied range of contracts running into hundreds of pages, requiring complex obligatory approval and compliance processes. Chemonics felt the need for a flexible, enterprise-level contract management solution, which could quickly integrate into their existing systems, require minimal training to adopt and use, and match the agility of their processes without compromising on flexibility and security.
With its easy-to-use and rich functionality, ICM has fully automated and streamlined the contract management process for Chemonics and enhanced control over contracting workflow. ICM facilitates negotiation and transaction of multi-inheritance contracts, ensures accurate and secure budget roll ups to accelerate time to contract execution, while managing risk and maintaining visibility on legal terms. With an extremely easy-to-use user interface, the platform was quickly and easily adopted by the employees, ushering in increased speed and efficiency in overall contract operations.
Icertis is a leading provider of contract lifecycle management in the Microsoft Cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable, and continually adapts to complex business needs. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk, and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise.