The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what's possible with contract lifecycle management (CLM). To learn more about Contract Intelligence, visit About Icertis 'The power of Icertis Contract Intelligence integrated with SAP Ariba and Salesforce will help Krones achieve greater visibility, efficiency, and insights while optimizing commercial relationships.'

'Contract management is central to enterprise-wide digital transformation, given the role that contracts play across a myriad of critical business operations,' said Roman Howe, Vice President, Europe, Icertis. With ICI, Krones can create a single source of truth by consolidating existing contracts into a single, enterprise-wide repository, enabling speed, compliance, and value at every step in their contracting process. Icertis helps companies like Krones reduce costs, improve compliance, and eliminate risk by structuring and connecting contract data across the enterprise and applying AI to ensure the intent of every business relationship is correctly captured and fully realized. 'Icertis goes well beyond traditional CLM by offering intelligent clause identification and AI-powered insights to ensure compliance with all required terms and clauses, which significantly reduces liability for our business.' We needed an AI-powered CLM solution to modernize our legacy processes, improve visibility, and process third-party contracts faster while reducing risk,' said Melanie Feldmeier, Systems Analyst, Customer Contract Management of Krones. 'Every day, millions of glass bottles, cans, and PET containers run through Krones lines.

The company will also utilize the Icertis DiscoverAI and AI Studio applications, which leverage artificial intelligence (AI) to bring static legacy agreements and third-party contracts to life to uncover hidden revenue, savings, and risks and ensure clauses meet standard terms. German packaging and bottling machine manufacturer Krones will integrate ICI with SAP Ariba and Salesforce to connect contract data to core systems and unlock enterprise-wide intelligence.

Sap ariba contract management