MGI Research Names Icertis Top Contract Lifecycle Management Vendor

Analysts Point to Icertis Solution Strength and Overall Strategy as Catalysts for Top Position

BELLEVUE, Wash.--(BUSINESS WIRE)--Icertis, the global leader in AI-powered contract intelligence, received the highest 360-degree rating from MGI Research in the firm’s latest Contract Lifecycle Management (CLM) Buyer’s Guide, earning the top position among CLM vendors.

More than 20 companies were evaluated against criteria such as market visibility and growth, innovation, potential to disrupt the market, ability to deliver value, and demonstrated success via customer and partner references. In addition to earning the highest composite score, Icertis outpaced competitors in solution strength, go-to-market approach, overall strategy, and ability to handle complexity and volume, reaffirming the company’s standing as the AI-powered contract intelligence platform of choice for large-scale enterprises.

“2023 was a landmark year for Icertis in terms of performance and growth. The company remains one of the leading CLM options for complex, multi-national enterprises looking to address their contract management challenges,” said Andrew Dailey, Managing Director, MGI Research. “Icertis continues to advance its business through greater product verticalization and deeper partnerships and is one of the few vendors with a demonstrable base of buy-side and sell-side customers across a diverse set of industries.”

“More than 30 percent of the Fortune 100 trust Icertis to transform their enterprises using contract data and AI because we understand the challenges they face in today’s market and offer a flexible, innovative platform that integrates with their core business solutions,” said Deanna Lanier, Chief Strategy Officer, Icertis. “Our long-term strategy at Icertis is not just a vision. It’s backed by our proven ability to drive strategic outcomes for customers and align the Icertis Contract Intelligence platform with roadmaps from fellow leaders like Microsoft and SAP who are shaping the technology landscape of the future.”

Contract data reflects every relationship between a business and its suppliers, partners, and customers. By structuring contract data and connecting it to core business operations, the Icertis Contract Intelligence platform leverages the power of AI and the Icertis Data Lake of more than 10 million contracts to grow revenue, control costs, mitigate risk, and ensure compliance for the world’s largest enterprises. As a result of its customer experience, positive growth trajectory, and continued delivery of AI innovation with contracts, Icertis was recently recognized as a Customers’ Choice vendor in the 2024 Gartner® Peer Insights™ Voice of the Customer report, one of the 2024 Financial Times’ Fastest Growing Companies in the Americas, and a winner in the 2024 Artificial Intelligence Excellence Awards.

About Icertis

Icertis is the global leader in AI-powered contract intelligence. The Icertis platform revolutionizes contract management, equipping customers with powerful insights and automation to grow revenue, control costs, mitigate risk, and ensure compliance - the pillars of business success. Today, 30% of the Fortune 100 trust Icertis to realize the full intent of millions of commercial agreements in 90+ countries.