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Interview how our platform solves them ; collaborate with our product teams to support the development of compelling and innovative technologies ; lead our customer facing professionals to deliver educational content and build relationships with the businesses we support ; and frequently speak at events as a thought leader on the future of contracts and AI in the enterprise .
Can you describe Icertis ’ involvement with the supply chain industry ? Global commerce is comprised of relationships between customers and suppliers , each embodied in a contract that starts at the negotiation table . Contracts are the building blocks of supply chains and global markets , but they are also one of the most powerful – and too often undervalued – tools that companies have at their disposal to reduce costs and ensure compliance while building more resilient supplier networks . Through our AI-powered platform , Icertis connects contract data across the enterprise to create a single source of truth for hundreds , if not thousands , of supplier relationships . Today ’ s supply chains are increasingly complex , highly regulated , and ever-changing . Contract intelligence in the cornerstone to a resilient supply chain ; giving decision-makers the visibility they need to optimize supplier spending , pinpoint areas of risk , and identify vulnerabilities where supplier diversification might be needed to maintain business continuity .
How does contract intelligence differ from contract management and what are its benefits ? Traditional contract management is like storing contracts in a digital filing cabinet . Contract intelligence goes one step further to surface actionable insights using purpose-built AI and contract data that reflects every business transaction to ensure that what ’ s agreed to is realized in the real world . By identifying and capturing savings in supplier contracts and enabling businesses to optimize agreements with customers , studies show that contract intelligence can remove revenue leakage , saving companies nearly nine percent of their bottom line . It also transforms the end-to-end contract lifecycle to make a measurable impact on margins and profitability .
Can you provide any case studies or examples of how Icertis ’ products and solutions have impacted the way organizations approach global supply chains ? One global pharmaceutical company – currently no . 42 on the Fortune 500 list – saved $ 70 million annually by enforcing commercial terms with Icertis for more than 250,000 supplier contracts in 17 languages .
Mercedes-Benz manages its entire roster of 500,000 suppliers on the Icertis platform to optimize contract processes and gain visibility into potential risks . The company reduced its contract cycle time by 83 percent with contract intelligence , moving from an average of six weeks to one .
What are your experiences of being a woman in the industry and your thoughts on DEI ? In my experience , diversity of thought and views creates more resilient business relationships and adds to any company ’ s competitive advantage . I ’ ve been privileged to witness tremendous progress in both the legal and technology industries over the course of my career . However , we still have a long journey ahead , particularly as many DEI programs fall under increased scrutiny . The underlying principles for DEI initiatives remain critical because they foster innovation and creativity , creating cultures that employees want to be a part of because they feel there is real opportunity for growth .
Attracting more women and minorities is about practicing what you preach when it
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