PwC, Microsoft and Icertis Unveil Strategic Partnership For Enterprise Digital Transformation By CIOTechOutlook Team

PwC, Microsoft and Icertis Unveil Strategic Partnership For Enterprise Digital Transformation

CIOTechOutlook Team | Tuesday, 09 May 2023, 08:43 IST

A new strategic partnership between PwC, Microsoft, and Icertis was formally unveiled. It will provide C-suites a potent, cutting-edge AI-driven approach to contract management that fosters accelerated enterprise-level digital transformation.

The new partnership strengthens Microsoft's connections with PwC and Icertis, which already exist. It offers a platform for contract intelligence that enables C-suites to extract crucial business insights from data contained in contracts and utilise those insights to automate entire business operations. As a result, C-suites will experience considerable cost savings, decreased revenue leakage, increased transparency, and enhanced visibility into the fulfilment of ESG commitments.

In the past, contract administration may frequently be a time-consuming and fragmented process that resulted in data that was compartmentalised and inaccessible. To help businesses better manage the current economic environment, including inflation and supply chain interruptions, AI offers a solution that digitises the contractual process from the point of contract generation to the point at which the contract's goal is realised. Icertis will be integrated with Microsoft Azure-powered solutions by PwC, the transformation partner, to assist clients in achieving enterprise-wide transformational value.

"Contracts impact every level of an organisation, governing the entitlements and obligations of every commercial relationship - from suppliers to customers, partners and employees," said Samir Bodas, Icertis Chief Executive Officer and Co-Founder. "The collaboration between Microsoft, PwC, and Icertis combines market-leading expertise in contract management, artificial intelligence, and business transformation to accelerate value for enterprise organisations around the world."