Future Trends

Icertis Introduces AI-Powered Contract Lifecycle Management Solution for Government Contractors

Government contracting

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Icertis Introduces AI-Powered Contract Lifecycle Management Solution for Government Contractors

Software company Icertis has introduced the Icertis Contract Intelligence for Government Contractors, an artificial intelligence-powered contract lifecycle management solution designed for the U.S. federal government.

ICI GovCon works to help contractors address challenges across the federal sector. The solution uses over 10 million contracts to enable enterprise-wide visibility for improved supply chain performance, compliance with federal regulations, more effective value realization and more efficient processes across contract lifecycles, Icertis said.

The launch comes after Icertis introduced ICI for Banking and Financial Services and ICI for Healthcare Providers in 2022, both of which are AI-powered.

ICI for Banking and Financial Services is a contract lifecycle management solution designed to help financial institutions address challenges across the financial sector. The solution helps users manage risks and improve regulatory compliance in areas like anti-money laundering and credit risk reviews.

ICI for Healthcare Providers is a CLM solution supporting users’ contract services modernization platforms. The solution helps health care organizations digitize the contracting process, extract and connect contracting data into operational surround systems and use AI to fully realize contracts.

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Category: Future Trends

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