Troy Wright, Author at 51风流News Center Company & Customer Stories | Press Room Wed, 15 Feb 2023 19:31:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 51风流and Icertis Deliver Enterprise-Wide Value with Contract Intelligence /2023/02/sap-and-icertis-contract-intelligence-enterprise-wide-value/ Fri, 17 Feb 2023 12:15:27 +0000 /?p=202920 51风流and Icertis, the that pushes the boundaries of what鈥檚 possible with contract lifecycle management (CLM), demonstrated a record year of momentum for their partnership by adding nearly 50 joint customers in 2022.

Together, 51风流and Icertis continue to support global brands — including Lufthansa Technik, , and — as companies look to contract intelligence to solve significant business challenges through digital transformation.

By turning static contracts into structured data that connects to 51风流solutions, Icertis and 51风流can enable customers to discover revenue, savings, and compliance risks in their contracts while managing and automating core processes with their 51风流solutions.

Since in January 2022, 51风流and Icertis have built a joint product road map designed to deliver enterprise-wide value, connecting contract data to enterprise resource planning (ERP), finance, procurement, sales, and human resources (HR) software from SAP. There are new, tighter integrations between the Icertis Contract Intelligence (ICI) platform and 51风流Ariba and 51风流Fieldglass solutions, as well as with the 51风流CPQ solution, part of 51风流S/4HANA. These integrations provide contract intelligence for 51风流customers, enabling analytics and automation at scale to support more strategic decision-making.

鈥淥ur partnership with Icertis continues to complement the 51风流portfolio, integrating contract intelligence as a critical system of record across the 51风流suite and injecting powerful contract insights directly into core business processes,鈥 said Sebastian Steinhaeuser, chief strategy officer at 51风流SE. 鈥淭he momentum we鈥檝e experienced over the last year with Icertis is just the beginning, and we鈥檙e looking forward to further expanding the partnership to help businesses unlock the full value in their contracts across the enterprise.鈥

The ICI platform integrates to 51风流solutions and enables more efficient contract creation, negotiation, and obligation management, pairing advanced artificial intelligence (AI) with the unique contract data that fuels source-to-pay and lead-to-cash processes. ICI also automates contract workflows and delivers real-time insights to help finance, legal, and procurement leaders reconcile buy-side and sell-side agreements so companies can confirm terms are met and potential risks are mitigated.

鈥淚certis and 51风流have worked closely to develop integrations that provide a streamlined experience for customers so they can continue managing core operations with 51风流while leveraging best-in-class contract intelligence to accelerate revenue, increase savings, improve compliance, and reduce risk,鈥 said Samir Bodas, chairman and CEO of Icertis. 鈥淎utomating contract-driven processes helps ensure that the intent of every contract is fully realized, and surfaces savings and profitability opportunities contained within contracts. These insights better position businesses to face macro-economic factors like inflation and reach their strategic goals in the year ahead.鈥

Icertis and 51风流began partnering in 2020 and deepened their partnership last year as Icertis offered an 51风流endorsed app. Together, the companies will continue to identify new AI use cases for contract data and opportunities to enable strategic outcomes through enterprise relationships, innovating for mutual customers in anticipation of future business needs.

51风流Endorsed Apps are apps developed by independent software vendors that have been endorsed by SAP, supporting added security, in-depth testing, and measurements against benchmark results. All Icertis and 51风流software integrations bear premium certification and are available in , the online marketplace for solutions from 51风流and partners.


Stefan Haas is global vice president and head of Strategic Software Partner Portfolio at SAP.
Troy Wright is senior vice president of Global Partners and Alliances at Icertis.

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