KPIT goes live on Icertis Contract Management
Pune: Icertis, the leading provider of enterprise solutions in the Microsoft cloud, today announced that KPIT (BSE: 532400, NSE: KPIT), a global IT consulting and product engineering partner to automotive & transportation, manufacturing and energy & utilities industries, has successfully deployed Icertis Contract Management (ICM), one of the world’s leading solutions for managing contracts. Built on the Microsoft Azure cloud platform, ICM was configured, customized, and deployed in less than 60 days.
“KPIT is a global company and is expanding rapidly across multiple countries. We therefore 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 Mr. Anil Patwardhan, SVP & Head – Corporate Finance & Governance, KPIT.
Icertis Contract Management has automated KPIT’s end-to-end contracting processes, including contracts based on the counterparty’s templates. With the product’s robust approval rules engine and comprehensive 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.
Anand Veerkar, EVP of Global Sales at Icertis, said, “Icertis Contract Management has been highly successful in the market because of its ease of use, rapid implementation, and ability to generate faster RoI for our customers. This ICM implementation at KPIT once again validates our overall leadership in this space and we are confident about the benefits that KPIT will gain from our solution.”