KPIT, an IT consulting firm, has deployed Icertis Contract Management (ICM) solutions – built on Microsoft Azure cloud platform for managing contracts — in less than 60 days.
“KPIT is a global company and is expanding rapidly across multiple countries. We needed a contract management solution that could automate and standardize our global contract management to ensure improved compliance, lower risk, and complete visibility across the organization. ICM helped us achieve exactly that, and in record time,” said Anil Patwardhan, SVP & head – Corporate Finance & Governance, KPIT.
Icertis Contract Management has automated KPIT’s contracting processes, including contracts based on the counterparty’s templates. All contracts will pass through the right level of review and can be found, reviewed and approved from any device.
The system will provide proactive alerts and notifications, with an escalation mechanism and dashboard to ensure compliance and tracking. ICM has been integrated into KPIT’s SAP ERP environment, ensuring seamless invoice validation and controls.