AI

Icertis Wins 2024 AI Breakthrough Award for AI Platform Innovation

Leading Contract Intelligence Platform Delivers Enterprise Transformation Linking Contract Terms to Business Processes to Drive Performance

Icertis, the global leader in AI-powered contract intelligence, today announced it received the 2024 AI Breakthrough Award for AI Platform Innovation. Icertis was recognized for its AI-powered platform that structures and connects contract data across the enterprise to deliver insights and performance that helps grow revenue, cut costs, mitigate risk, and ensure compliance.

Contracts serve as the single source of truth for business relationships, documenting the obligations and entitlements with customers and suppliers that underpin every enterprise. The Icertis platform liberates contracts from digital filing cabinets, turning them into active assets to drive business execution. By extracting the critical information contained in contracts, structuring it according to a common data model, and connecting it seamlessly with operational systems that power finance, sales, and procurement, Icertis helps ensure customers realize the full potential of every business relationship.

“Contracts are not merely documents to be processed through their lifecycle stages — from creation and negotiation to signature and renewal. They represent the strategic blueprint for business execution. By converting contracts into dynamic entities that integrate in real-time with finance, sales, and procurement systems, Icertis has pioneered the field of contract intelligence,” said Monish Darda, CTO and Co-founder of Icertis. “The AI Breakthrough award for the AI Platform Innovation category underscores our commitment to empower our customers — which now includes a third of the Fortune 100 to realize the full potential of their business relationships.”

This recognition builds on Icertis’ continued AI innovation and momentum, having surpassed $250M in Annual Recurring Revenue (ARR). From pioneering contract intelligence to delivering the market’s first generative AI applications for enterprise contract management to its unrivaled platform strategy, Icertis is uniquely positioned to deliver customer value in the age of AI and is poised to continue leading the $30 billion contract lifecycle management (CLM) market. Enterprises can achieve strategic outcomes with Icertis’ robust core platform, which includes end-to-end CLM enhanced with generative AI Copilots for contracting, vertical solutions, business applications, and enterprise integrations that enable the realization of value and intent in the contracts themselves.

AI Breakthrough, now in its seventh year, is a leading market intelligence organization that recognizes the top companies, technologies, and products in the global AI market today. This year’s program attracted over 5,000 nominations from over 20 countries.

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