KPIT goes live on Icertis Contract Management

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KPIT, a global IT consulting and product engineering partner to automotive & transportation, manufacturing and energy & utilities industries, has successfully deployed Icertis Contract Management (ICM). According to Icertis, ICM, built of Microsoft's Azure cloud platform, was configured, customized, and deployed in less than 60 days at KPIT.

"KPIT is a global company and is expanding rapidly across multiple countries. We therefore needed a contract management solution that could automate and standardise 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 claims ICM has automated KPIT's end-to-end contracting processes, including contracts based on the counter-party's templates. With the product's approval rules engine and contract repository, all contracts will pass through the right level of review and can be easily found, reviewed and approved anywhere, anytime and from any device. The system will also 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.

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