Icertis introduces AI-powered contract intelligence solution for government contractors

Icertis announced Icertis Contract Intelligence for Government Contractors (ICI GovCon), an AI-powered contract intelligence solution built for enterprises that serve the U.S. Federal Government, enabling government contractors to increase win rates, improve compliance with critical federal regulations, and drive contract optimization.

ICI GovCon joins the growing list of transformative vertical solutions from Icertis. Some of the largest U.S. defense contractors, including Boeing, Lockheed Martin, and Collins Aerospace, already run on Icertis.

According to the company, ICI GovCon expands the Icertis solution suite to help all contractors realize more value from AI-driven contract intelligence and better address unique contracting challenges exclusive to this sector.

Through the power of the Icertis platform and data from the more than 10 million contracts managed by Icertis, ICI GovCon enables:

• Enterprise-wide visibility for improved supply chain performance
• Ensured compliance with federal regulations
• Greater, faster value realization
• More efficient processes across contract lifecycles

"Icertis is significantly enhancing strategic outcomes for government contractors by delivering industry-first AI capabilities, a purpose-built user experience, packaged integrations, and bundled analytics—all backed by our decades of experience transforming contract management in this vertical,” said Niranjan Umarane, executive vice president of product management, Icertis. “With ICI GovCon, U.S. Federal contractors will now be able to speed time to value, further bolster supply chain performance, and greatly improve compliance across commercial relationships to gain advantage in today’s hyper-competitive market.”

ICI GovCon follows the launch of ICI for Banking and Financial Services and ICI for Healthcare Providers in 2022 as Icertis continues to execute on its promise to deliver tailor-made solutions that address unique contracting needs across key sectors. 

According to the company, Icertis was an early pioneer in applying AI to contracting challenges and leads the contract lifecycle management market in generative AI innovation, enabling customers across multiple industries to experience enterprise-level digital transformation and fully realize the intent of their commercial agreements.

For more information about this news, visit www.icertis.com.