Icertis + SAP Experience for Life Sciences
Today’s Life Science Challenges:
- Lack of visibility and interoperability
- Slow contract turnaround time
- Missed cost savings opportunities
- Regulatory compliance risk
- Difficulty realizing full contract potential
The ICI and SAP Experience Integration Features:
- Seamless contract integration
- Self-service contracting
- Negotiation and risk workflows
- Collaboration and control
- AI and reporting
Benefits:
The SAP and Icertis integrations enable life science executives to centralize and standardize contract management processes across the enterprise, ensuring data accuracy and consistency.
- Upto 92% reduction in sales cycle times
- 100% digitized sales contracts enable you to negotiate bigger deals
- Up to 75% reduction in contracting errors
- Up to 50% improved compliance
- Up to 80% improvement in contract turnaround times
- Up to 30% reduction in contract admin costs
Where Icertis + SAP Have Been Successful:
$70 million achieved in savings
92% reduction in contract cycle time
65% of contracts are now signed within 24 hours
"With Icertis integrated with SAP Ariba, we can manage our entire procurement process in a single environment – there’s no need to sign into different systems. This has accelerated our workflow and driven adoption of the system, which is good for compliance." – Les McSpadden, Sr. Director, Global Indirect Sourcing, Merz
The Partnership:
SAP and Icertis are committed to delivering a joint product roadmap and deep technical integrations that provide enterprise-wide value, including faster negotiations, greater compliance, and AI-powered business insights and automation across procurement, finance, legal, sales, and HR.
Integrating SAP and Icertis empowers life science organizations to optimize procurement processes, strengthen supplier relations, mitigate risks, ensure compliance, improve sales efficiency, and better make informed decisions. The combination of S2P, ERP, CPQ, Vendor Management, and CLM capabilities provides a seamless contracting experience and ultimately leads to better patient outcomes.
