Icertis launches contract lifecycle management product on Windows Azure

Technology major Icertis has developed a software that will help companies in managing their contracts better. The Icertis contract lifecycle management (ICLM), which can be accessed on Windows Azure, was unveiled by the company on Friday.

The software product can be accessed on smartphones and iPads. It not only promises increase in productivity but also helps connect the 'entire extended enterprise by bringing the entire contract lifecycle to the cloud'.

Samir Bodas, co-founder and CEO of Icertis, said, "Improving efficiency and managing contractual risk are becoming critical in today's global business scenario. The ICLM, which is a cloud-based CLM product, streamlines complex contract lifecycle process and helps businesses improve contract compliance."

Icertis has licensed the product to two companies, including Microsoft.

"As a global business executing hundreds of thousands of contracts annually, Microsoft needed a solution that was scaleable, easy to use and readily customisable to our unique processes."

"Of all the vendors we evaluated, Icertis CLM product had the best architecture, the most inspired user interface and a compelling and innovative approach to managing the contract lifecycle process. We have deployed the product globally, including in India, with great user adoption and high satisfaction," said Michel Gahard, Associate General Counsel, Microsoft.

Unmesh Bhathija, co-founder and CEO of Icertis, said, "As we are looking at expanding our geographical presence in India and abroad, we will soon open offices in the UK, Mumbai and New Delhi. We intend to invest $10 million over the next two years in the Pune Research and Development Center for building new products on Microsoft Cloud."

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