Icertis vs Contracts 365 Detailed comparison features, price

Icertis

Icertis provides a comprehensive contract intelligence platform that helps businesses realize the full potential of their contractual relationships. The platform leverages AI to structure and connect contract data, enabling organizations to drive revenue, control spend, improve compliance, and reduce risk across the enterprise.

Icertis Contract Intelligence offers best-in-class contract lifecycle management (CLM) capabilities, along with advanced AI-powered features and enterprise integrations, providing a single source of truth for all contractual obligations and insights.

Contracts 365

Contracts 365® is a robust, AI-powered contract management solution tailored for businesses operating within the Microsoft 365 ecosystem. This cloud-based platform streamlines every stage of the contract lifecycle, from creation and negotiation to execution, storage, compliance, and renewal. Leveraging Microsoft's AI technology, Contracts 365 introduces advanced features including automated metadata extraction, AI-assisted negotiation, and in-depth workflow management to boost contract throughput, reduce risk, and ensure accuracy.

The software is enhanced with AI Companions that help organizations save time and minimize manual tasks through intelligent data extraction, automated alerts, and seamless integration with tools like Dynamics 365, Salesforce, and popular eSignature solutions. Its intuitive dashboards, personalized workflows, and robust reporting equip users with immediate visibility and comprehensive control over their contracts, supporting industries with high contract volumes such as healthcare, finance, and technology. All documents are secured within the Microsoft hybrid cloud and SharePoint environment, ensuring compliance and data privacy at enterprise scale.

Pricing

Icertis Pricing

Contact for Pricing

Icertis offers Contact for Pricing pricing .

Contracts 365 Pricing

Contact for Pricing

Contracts 365 offers Contact for Pricing pricing .

Features

Icertis

Contract Lifecycle Management: Accelerate contract workflows by 83% or more.
Contract AI: Uncover contract risk 40% faster with AI-powered copilots.
ERP Integrations: Gain 8.6% more value from your contracts through enterprise integrations.
NegotiateAI: AI powered negotiation.
AI Studio: Streamline contract management processes.

Contracts 365

AI Companions: Automated contract metadata extraction, negotiation assistance, and workflow optimization powered by AI.
30-Second Contracting: Perform essential contract tasks quickly with an intuitive, user-centric interface.
Seamless Integrations: Native integration with Microsoft 365, Dynamics 365, Salesforce, DocuSign, and Adobe Sign.
Contract Lifecycle Management: Comprehensive solution for contract creation, negotiation, execution, storage, and renewal.
Self-Service Functionality: Empower users to generate, manage, and approve contracts with minimal training.
User-Specific Dashboards: Personalized, role-based widgets and KPIs for instant access to contract information.
World-Class Security: Enterprise-grade security leveraging Microsoft's hybrid cloud and SharePoint.
Alerts and Notifications: Automated reminders for expirations, renewals, and required actions.
Robust Search and Reporting: Advanced tools for searching, tracking, and managing contracts.
Obligation and Compliance Management: Extract and monitor contract obligations for improved compliance.

Use Cases

Icertis Use Cases

Drive revenue growth
Control spend and reduce costs
Improve contract compliance
Mitigate contractual risks
Streamline contract workflows
Enhance contract negotiation
Manage obligations
Manage proposals
Supplier Relationship Management

Contracts 365 Use Cases

Automating contract creation, approval, and renewal processes for enterprises.
Managing complex contract obligations and compliance in regulated industries.
Integrating contract management with CRM systems such as Dynamics 365 or Salesforce.
Accelerating contract negotiations using AI-driven redlining and version control.
Centralizing supplier and property contract management for large organizations.
Improving contract visibility and accessibility via customizable dashboards.
Reducing manual data entry and errors with AI-powered metadata extraction.
Supporting procurement teams in streamlining supplier agreements.

FAQs

Icertis FAQs

What is Contract Management?

Contract management is the process of managing contracts and giving the organization a competitive edge.
What is Contract Lifecycle Management?

Contract Lifecycle Management (CLM) refers to the comprehensive management of a contract's entire lifecycle, from initiation and creation through execution, performance, and renewal or expiration.
What Is Contract Intelligence?

Contract intelligence goes beyond traditional contract lifecycle management (CLM) by leveraging artificial intelligence (AI) and data analytics to unlock valuable insights and strategic value from contracts.
What is a Contractual Obligation?

A contractual obligation is a duty or responsibility that a party is legally bound to fulfill under the terms of a contract.
What is Contract Performance?

Contract performance refers to the fulfillment of contractual obligations by all parties involved in a contract.

Contracts 365 FAQs

What integrations are available with Contracts 365?

Contracts 365 integrates natively with Microsoft 365, Dynamics 365, Salesforce, DocuSign, and Adobe Sign to streamline contract management workflows.
How does Contracts 365 leverage AI in contract management?

Contracts 365 uses AI modules for automated metadata extraction, negotiation support, contract processing acceleration, and compliance management, reducing manual errors and increasing efficiency.
Is Contracts 365 suitable for industries with high compliance requirements?

Yes, Contracts 365 features robust obligation and compliance management, secure document storage, and enterprise-level security, making it ideal for regulated industries.
Can Contracts 365 help with contract renewals and expiration tracking?

Yes, the platform provides automated alerts and notifications for contract expirations and renewals, ensuring contracts are always compliant and up to date.