A contract brain employer, Icertis, announced that Pacsun, a leading specialty fashion retailer has chosen the Icertis Contract Intelligence (ICI) platform as its enterprise-wide CLM solution. Icertis will modernize Pacsun’s retail grant chain and merchandising operations, as well as ensure regulatory and business compliance and maximize the cost of corporate contracts, by digitally rethinking contract administration.
Pacsun is dedicated to being digital-first when attractive with our clients and vendors. It is necessary that we lean into superior applied sciences for the foundational factors of our business, along with contracts,” stated Shirley Gao, CIO, Pacsun. “Transforming contract administration has to turn out to be particularly vital in an ever-changing retail ecosystem. After thinking about quite a few CLM solutions, we selected Icertis for the company’s best-practice platform performance and progressive use of AI to unify contract data, as properly as the company’s deep retail knowledge.
The pandemic has accelerated the want for shops to adapt to new degrees of agility to tackle altering purchaser needs and competition, grant chain complexity, regional fluctuations in brick-and-mortar foot traffic, and compliance requirements. Pacsun joins a developing roster of Icertis Retail, CPG, and Distribution clients addressing these and different enterprise challenges by using imposing ICI to digitize contracts, join contract records to encompass systems, analyze dangers and obligations, and recognize the full intent of each and every contract.
Pacsun affords a cross-section of rising manufacturers and trending trends in its 300 retail shops throughout the U.S., and online. The retailer provides a unique series of the most applicable patterns and brands, which include Adidas, Essentials, and Fear of God, to a neighborhood of stimulated youth, and is dedicated to sourcing merchandise from suppliers who behavior enterprise in an honest and accountable manner.
As Pacsun expands its footprint, the corporation wishes to streamline its contracts with suppliers, distribution partners, and company entities, as properly as higher collaborate throughout legal, finance, merchandising, and IT. Contract modernization will grant centralized get admission to and visibility into contract data, enhancing provide chain operations, minimizing risk, and accelerating growth. Icertis will digitize, centralize, and seriously change contract administration throughout functions, including Merchandising and Marketing, Supply Chain, Digital Fulfilment and Distribution, Retail Management, Information Technology, Corporate M&A, Legal, HR, and More.
The employer will additionally leverage Icertis’ eSignature Adapter and Discover artificial intelligence (AI) software as a section of the contract brain solution. Icertis DiscoverAI shortly turns legacy agreements and third-party paper into stay ICI contracts with structured statistics and offers a compliance dashboard that centralizes and automates unique key overall performance symptoms (KPIs) of contracts to make sure compliance.