The Tech Blog Writer Podcast - Inspired Tech Startup Stories & Interviews With Tech Leaders, Entrepreneurs And Innovators

3260: How Icertis is Transforming Contracts into AI-Powered Business Assets

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Sinopsis

What if contracts could do more than sit in a drawer gathering dust? In today's episode, I sit down with Monish Darda, CTO and Co-founder of Icertis, to explore how AI is transforming contracts into powerful, active business assets. Monish shares how Icertis has evolved from early machine learning models to leveraging large language models like GPT to extract information and true intent from contracts. This breakthrough allows organizations to optimize business relationships, enforce commitments such as sustainability goals, and significantly reduce revenue leakage, often reclaiming up to 9% of contract value. During our conversation, Monish explains how contracts become first-class enterprise objects actively participating in workflows, shaping how commerce operates at scale. We dive into real-world examples, including how a global pharmaceutical company saves over $70 million annually by optimizing supplier pricing across multiple countries and languages. Monish also highlights Humana's success in cutting