To digitize, arrange, and centralize business contracts, Icertis offers cloud-based software. Through the software-as-a-service approach, the software is licensed to businesses.
Icertis has recently made it to global news channels by raising $80 million dollars funding in a series F. The company now stands at a value of over $2.8B dollars.
There has been significant growth noted in the company’s valuation ever since the pandemic started. The onset of the pandemic has forced the industry to focus on its digital projects rather than hardware products. With severe setbacks to the hardware services and offline market, the companies were left with no choice but to digitize their entire businesses.
Well known by the people of America, if not the world, a Software company Icertis is always on the news, making progress. Plans for managing contracts better and easier had already been unveiled and declared by the company long ago. Contracting is hard, as everyone says, but Icertis provides a new outlook to the world of contracts.
Digitization is the new age way of handling contracts. Marketing the contracts in a way that is perfectly drawn up with exacted and triple-checked terms fulfilling the wishes of both the parties on the two ends of the contract is Icertis’ new mission, which, we must acknowledge, they are carrying out efficiently.
Drawing up contracts has been a difficult, dull, and as mostly observed, erroneous task when handled manually. Thus, Icertis has come up with artificial intelligence to do the same work, without human intervention. This is a big step in the urban industry as this is the very ground the industry stands on.
Ever since the company started making headlines, it has kept us on our toes with some new strategy or the other. Now, with this fresh new update, we can say for sure that they are taking the lead in the contract management business. It takes into account all the factors with almost no possibility of error and uses structurally characterized data to form a contract.
Icertis is one such company that had refused to give up hope and put extra and extensive efforts into enhancing its digital services and growing its business with the help of digital media.
The CEO of Icertis, Samir Bodas has insisted that the management of contracts is an important procedure and the increase in its value in software companies and tech giants from before to after the pandemic has been a satisfactory change contrasted with the otherwise tragic outcomes brought by the disastrous turnout.
As Icertis has always claimed, its platform is set on totally digitizing the techniques in the contracting process. And by the looks of it, they are making huge progress towards their goal. The team extracts data from the contracts and connects them to their unique processing software where the data is processed and the results are generated, all in a short amount of time.
The artificial intelligence of the company is already updated with all the technicalities of the country’s legal or business system (sometimes, both) so that the terms of the contract can be evaluated and set accordingly in systematic harmony with the laws.
Digitized contracts have been a huge milestone in the industry as this has helped in saving a lot of time and has created a positive effect on the environment.
Icertis has already glammed up its various departments including finance and marketing and is in the process of expanding globally. Icertis technology is alleged to set foot in other continents like Europe and countries like Indonesia, Japan, and China.
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