BWI: Icertis Announces Availability of World’s First Contract Lifecycle Management Product on Windows Azure

Press release from Business Wire India
Source: Icertis
Thursday, May 03, 2012 11:30 AM IST (06:00 AM GMT)
Editors: General: Consumer interest, People; Business: Banking & financial services, Business services, Information technology, Major diversified industrial groups; Technology
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Icertis Announces Availability of World's First Contract Lifecycle Management Product on Windows Azure


Mumbai, Maharashtra, India, Thursday, May 03, 2012 -- (Business Wire India) -- Icertis today announced the launch of its Contract Lifecycle Management product (ICLM) on Microsoft Corp.'s Windows Azure in India. ICLM is a breakthrough solution that delivers significantly improved efficiency in the contracting process at a lower cost, with increased compliance and lower risk.

"Improving efficiency and managing contractual risk are becoming critical in today's global business scenarios. ICLM, our cloud based CLM product, not only streamlines the complex contract lifecycle process, but also helps businesses improve contract compliance" said Samir Bodas, co-founder and CEO of Icertis. He further added, "We are very upbeat about the cloud computing market in India, which is one of the fastest growing in the world. The launch of ICLM is a major step in the execution of our cloud-native ERP surround product strategy."

ICLM dramatically increases productivity and connects the entire extended enterprise by quickly bringing the entire contract lifecycle to the cloud. Inspired by the latest advancements in User Experience design, ICLM is easy to use and makes the contract lifecycle available on all devices, including smartphones and tablets.

"As a global business executing hundreds of thousands of contracts annually, Microsoft needed a solution that was scalable, easy to use and readily customizable to our unique processes. Of all the vendors we evaluated, the 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.

"As India's second largest bank, we deal with massive contract volumes, leading to huge contract administration costs. The Icertis Contract Lifecycle Management product can enable significant cost reduction, as well as ensure compliance. The fact that Icertis CLM can be deployed on Windows Azure has made it even more attractive for us." said Avinash Umapathy, Deputy General Manager at ICICI Bank.

About Icertis

Icertis is the #1 provider of enterprise solutions in the Microsoft Cloud - Office 365 and Windows Azure. The company's cloud native products and services address specific enterprise business needs by fully leveraging the cloud's elasticity, ubiquity, and availability. Icertis' product suite includes comprehensive ERP surround solutions for Contract Lifecycle Management, Transportation Management and Partner Relationship Management. Flexible deployment models (on-cloud, on-premise and hybrid) ensure that diverse requirements for cost, availability and security are met. Icertis cloud native services help customers build innovative, secure, and easy to use device-cloud-on-premise applications leveraging prefabricated frameworks and data integration IP. Icertis products and solutions are deployed in multiple Fortune 500 companies and have received great reviews from both users and analysts alike. For more information, please visit www.icertis.com.



CONTACT DETAILS
Anusuya Mitra(India Contact), Waggener Edstrom Worldwide, +91 9820699468, amitra@waggeneredstrom.com
Sanjay Menon(US Contact), Icertis Inc., +1 425-681-9851, sanjay.menon@icertis.com

KEYWORDS
CONSUMER, PEOPLE, BANKING, BUSINESS SERVICES, IT, GROUPS, TECHNOLOGY

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