“As India’s second largest bank, we deal with massive contract volumes, leading to huge contract administration costs. The Icertis Contract Lifecycle Management product can enable significant cost reduction, as well as ensure compliance. The fact that Icertis CLM can be deployed on Windows Azure has made it even more attractive for us.” said Avinash Umapathy, Deputy General Manager, ICICI Bank.
Icertis has announced the launch of its Contract Lifecycle Management product (ICLM) on Microsoft Corp.’s Windows Azure in India.
“Improving efficiency and managing contractual risk are becoming critical in today’s global business scenarios. ICLM, our cloud based CLM product, not only streamlines the complex contract lifecycle process, but also helps businesses improve contract compliance” said Samir Bodas, Co-founder & CEO, Icertis. He added, “We are very upbeat about the Cloud computing market in India, which is one of the fastest growing in the world. The launch of ICLM is a major step in the execution of our Cloud-native ERP surround product strategy.”
ICLM connects the extended enterprise by bringing the contract lifecycle to the Cloud and making it available on smartphones and tablets.
“As a global business executing hundreds of thousands of contracts annually, Microsoft needed a solution that was scalable, easy to use and readily customizable to our unique processes. We have deployed Icertis CLM globally, including in India, with great user adoption and high satisfaction,” said Michel Gahard, Associate General Counsel, Microsoft.