Accenture and Icertis have announced a strategic partnership to benefit clients across industries by bringing the best of Accenture’s digital transformation capabilities together with Icertis’ leading contract intelligence technology to improve visibility into contracts, manage risk, and streamline the contracting process. With this partnership, Accenture builds on the success of its own use of Icertis Contract Intelligence (ICI).

Joel Unruch, general counsel and corporate secretary, Accenture, said, “We can see across our contract portfolio like never before—whether it’s how long it takes to finalize deals or getting a complete view of the various agreements we have with an organization. This comprehensive view and depth of real-time insight is truly game-changing for our business and the value we can bring to our clients.”

With organizations facing increasing pressure on many fronts-from cost reduction and risk management, to compliance with growing cross-border regulations, and improving speed to market-contract intelligence is a critical component of a successful business effort. The ICI contracting platform is a modern platform that promotes efficiency and transparency throughout jurisdictions and geographies and even the most complex client accounts. It is centralized, industrialized, and feature-rich with workflow functionality.

Samir Bodas, CEO, and co-founder, Icertis, said, “Accenture has a phenomenal record of helping clients embrace change to realize deeper, faster, and greater value. We are pleased to bring together our innovative technology platform with Accenture’s world-class digital capabilities to help companies turn contract management into a strategic business function. We are also privileged to bring the scope and scale of the Icertis Contract Intelligence platform to Accenture’s team and are excited about what the future holds for our organizations and mutual customers across the globe.”

Icertis and Accenture will collaborate to help clients accelerate contracting to the cloud and use artificial intelligence to improve efficiency, track compliance, monitor enterprise risks, and reduce costs, all of which provide greater value and a better user experience.

As part of the new partnership, Accenture recently rolled out ICI internally for global procurement and its global legal department, which negotiates and executes thousands of highly customized, multilingual legal documents every month. To aggregate data and extract intelligence about regulatory risk, compliance, dealmaking, and regulatory compliance, the solution is integrated with Accenture’s existing systems and tools, including customer relationship management, legal, delivery, pricing, and risk management.