SAP SE (NYSE:SAP) and our India portfolio company Icertis has announced an expanded partnership for enhanced contract management to help companies increase efficiency, minimize risk and realize the full intent of their agreements.

The partnership, which includes a financial investment from SAP in Icertis, will lead to a joint product road map and deeper technological integration to deliver enterprise-wide value, including faster negotiations, greater compliance and AI-powered business insights and automation.

“With this partnership, SAP and Icertis customers will be able to derive end-to-end value across the enterprise, so the intent of every contract is correctly memorialized and fully realized,” said Samir Bodas, CEO of Icertis. “Partnering with SAP to bring our AI-powered, best-of-breed contract intelligence to the market is another affirmation of Icertis’ strategy to become the contract intelligence platform of the world. It is also a testament to SAP’s forward-looking vision for the intelligent and networked enterprise.”

As part of the expanded partnership, Icertis Contract Intelligence (ICI) for SAP Ariba solutions and ICI for SAP Customer Experience solutions are now SAP Endorsed Apps, premium certified by SAP with added security, in-depth testing and measurements against cloud operations best practices.

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