Icertis, the contract intelligence company pushing the boundaries of what’s possible with Contract Lifecycle Management (CLM), today announced its inclusion in the Financial Times (FT) list of 2023 Americas’ Fastest Growing Companies. Based on its revenue growth rate, Icertis ranks 239th on the prestigious list of 500 companies in 20 countries across the Americas.
“Icertis surpassed $200 million in annual recurring revenue in 2022 and grew over 40% year-on-year, and we are uniquely positioned to transform the foundation of commerce through contracts while maintaining a consistent and lasting.” Building companies,” said Samir Bodas, Chairman and CEO of Icertis. “By applying artificial intelligence to contract data, Icertis established Contracts as the fifth system of record, capturing a company’s entitlements and obligations for all of its customers, partners, suppliers, and employees. The Icertis Contract Intelligence Platform provides finance, legal, procurement, and sales teams with enterprise-wide visibility into commercial obligations, enabling optimal results in a competitive, rapidly changing environment. This recognition by FT is a testament to our continued momentum as we lead the burgeoning CLM market and skyrocketing demand for contract intelligence.”
Icertis transforms the CLM category by applying proprietary and generative artificial intelligence (AI) to the entire contract lifecycle, integrating contract data with core business processes to generate unique insights that support more informed decision-making. With robust AI models and strategic partnerships, Icertis enables companies to quickly digitize contracts, transform the information they contain into structured data, and connect that data to the surrounding ERP, SCM, CRM, and HCM systems across the enterprise. By overlaying AI on its rich enterprise data lake of more than two billion metadata and transactional items, Icertis creates exponential value for customers and enables organizations to increase revenue, reduce costs, ensure compliance and manage risk by empowering them to anchor their operations to what is most important in any business relationship – the company’s contractual rights and obligations.
This recognition follows a host of analyst, industry, and partner recognition awards that illustrate growth milestones at Icertis and further underscore the company’s continued global leadership in the CLM market. Last Icertis:
Received recognition from the industry’s leading analyst firms, including a leadership position in the 2022 Gartner® Magic Quadrant™ for Contract Life Cycle Management for the third consecutive year.
Formed a new alliance with KPMG and enjoyed continued success with SAP, demonstrating a record year of momentum for the partnership.
Received the 2023 Artificial Intelligence Excellence Award from Business Intelligence Group and received awards for Contract Management Innovation of the Year and Best Contract Management Solution from FinTech Breakthrough and LegalTech Breakthrough.
Recognition of Most Innovative Technology Company of the Year (Silver) and Technical Innovation of the Year (Bronze) in Stevie’s International Business Awards program.
Earned a position on the 2022 Forbes Cloud 100 list as one of the world’s leading private cloud companies.
Ranked #1 by Seattle Business Magazine as Washington’s Top 100 Best Companies to Work For and awarded Great Place to Work® certification in India.
Icertis was the first company to recognize the true potential of CLM and has boldly pursued the vision of enterprise-wide contract intelligence for over a decade. The company continues to gain momentum as global companies and the most disruptive innovators choose to transform their commercial agreements into strategic advantages.
