Consider Everything: What's hidden in your contracts?
Discover how AI-powered Contract Intelligence can empower BNY Mellon to to deliver success across the financial world for individuals and institutions while ensuring regulatory compliance, expediting sales & approval processes, and building strong client relationships
“This depth of insight is game-changing—Accenture has a 360-degree view of a client relationship that delivers value to Accenture and its clients.”
Anand Pandya
Global Lead Counsel–Legal Technology and Innovation, Accenture
Trusted by the world's leading brands
Inefficient contracting costs BNY Mellon millions every year
Why should BNY Mellon care about Contract Intelligence?
Report on supplier and client fulfillment, governmental regulations, and improve management of risk and compliance
Streamline the management of complex banking and capital markets agreements to respond quickly to new business opportunities, complete customer renewals, improve negotiations
Manage and monitor your ESG clauses and obligations organization-wide to drive greater transparency, insight and impact
Today’s banking and financial services companies compete in a marketplace defined by disruption. New technologies, uncertain economic conditions, changing regulations, and evolving customer expectations put pressure on banks and financial services companies from a competitive and compliance perspective.
Applying AI technology helps manage obligations and discover insights, enabling banks to keep pace with the constant change in the global financial markets. Contract Intelligence helps digitize and centralize contract data in an operational data store, enabling quick and easy search and shifting to a more proactive approach.
The Icertis Banking and Financial Services Solution, Purpose-built for Banks like BNY Mellon
Contract Intelligence allows you to transform contracts into structured, connected, and on-demand data that can be used for intelligent contract creation, automation, and insights. Allowing you to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise. Here are just a few of the benefits for the Banking Industry:
Built-in BFSI use cases
The Icertis Banking and Financial Services solution offers purpose-built agreement types and associations, obligation management rules, reports, and dashboards for cases, including blocked account management, global custody management, investment and trading agreements (ISDA OTC derivatives and repurchase loans), treasury management, and mergers and acquisitions.
Easy deployment, onboarding, and use
The Icertis Banking and Financial Services solution is easy to deploy and adopt with contract self-service capabilities, out-of-the-box support for common contract types, workflows, obligation management, reports and dashboards, with industry nomenclature across the setup to enhance user experience and reduce training requirements.
Discover existing agreements with AI
Quickly turn legacy agreements and third-party paper into live ICI contracts. Identify contract attributes and clauses and semantically match them directly to your contract type definitions and enterprise clause library in the platform.
Identify obligations with AI
Surface and track obligations automatically with built-in AI-automated regulation and compliance management rules to streamline regulatory reviews, alert appropriate staff of tasks and commitments, and simplify audit reviews.
Contracts are the foundation of Banking & Financial Services
Contracts define the relationships with customers, suppliers, partners, and employees – they’re a source of unique, mission-critical business data.
DenizBank Gains Total Contract Visibility with Icertis
DenizBank struggled to achieve comprehensive visibility into the contracts to which it was a party. Thousands of different types of commercial agreements were stored on paper and often lacked important metadata. This does not only impact a company financially, but erode client relationships as well. DenizBank needed a better way to monitor and manage thousands of obligations.
Follow-up contract administration tasks will be streamlined. With the ability to design contract workflows, DenizBank leaders can be confident that all necessary tasks are completed within a timely manner and are consistently applied to every new and existing contract.
Icertis provides DenizBank with a solution for total visibility into contract terms and status, complete digitization of thousands of contract types across the enterprise, and consistent, repeatable contract workflows
Contract Intelligence improves negotiations & service agreements
Renew contracts automatically,
the smart way
Ensure all entitlements and conditions match their objectives
Automate approval processes
ExploreAI - the Generative, Assistive, Natural Language Contract Intelligence Partner
ExploreAI combines the power of large language AI models and Icertis proprietary AI models to derive insights from a customer’s contract data, enterprise data, the Icertis Data Lake, and ChatGPT to deliver new, powerful, material business outcomes. The new AI capabilities build on the strong momentum Icertis customers already experience leveraging Icertis AI products to accelerate drafting, negotiating, and execution of commercial agreements, derive deep insights from their contracts, and ensure the full intent of those agreements is realized.
“With Icertis ExploreAI, Icertis is expanding our AI offering, applying natural language via Azure OpenAI Service to further unlock exciting new contract intelligence use cases, driving significantly higher value to customers and continuing to transform contracting - the foundation of commerce.”
PwC, Microsoft and Icertis launch strategic collaboration to accelerate enterprise digital transformation with AI-powered contract intelligence
PwC, Microsoft and Icertis today formally announced a new strategic collaboration that will provide C-suites with a powerful, innovative AI-driven approach to contract management that enables accelerated enterprise-level digital transformation.
The new collaboration builds on the strength of existing relationships Microsoft has with both PwC and Icertis. It offers a contract intelligence platform that provides C-suites with the ability to unlock critical business insights from data embedded in contracts and use it to automate end-to-end business processes. As a result, C-suites will realise significant cost savings and reduced revenue leakage, more visibility into the delivery of ESG commitments, better compliance and risk management, and greater transparency.
Managing Complexity and Scale
Accenture improves the legal experience and unlocks the value of contract data
Accenture selected the Icertis Contract Intelligence platform to address Accenture’s requirements for a contracting tool and the potential to operate at an enterprise scale.
Accenture has a Legal team of more than 2,800 professionals in 46 countries who negotiate and execute thousands of highly customized, multi-lingual legal documents every month. Until recently, the process for managing contracts from sale origination to final signatures and execution had been largely manual and localized in SharePoint sites, creating significant challenges for all involved.
Read how they are resolving this with Icertis in Accenture's own words.
Read how they are resolving this in Accenture's own words.
Icertis Contract Intelligence to Meet the Diverse Needs of BNY Mellon
As a G-SIFI, BNY Mellon requires a Contract Intelligence platform that can meet your scale, resiliency, and business demands. Icertis Contract Intelligence is the clear choice for BNY Mellon and is proven by many of the world's largest financial institutions and peer G-SIFI banks. With Icertis, BNY Mellon can transform contracts into a strategic advantage and address industry needs through the enterprise-ready Icertis platform and AI-powered applications.
