Latest news with #Extensions
Barnama
23-05-2025
- Business
- Barnama
Icertis And SAP Deepen Partnership To Accelerate Time To Value With AI-powered Contract Intelligence
BELLEVUE, Wash., May 23 (Bernama) -- Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience. Contracts are the foundation of every business relationship, establishing the rules of business for how enterprises buy, sell, and partner to drive global commerce. Icertis transforms traditionally static contracts into actionable business rules within the SAP user experience – enabling customers to drive revenue, control costs, mitigate risk, and ensure compliance by integrating structured contract data directly into core business processes.
Business Wire
20-05-2025
- Business
- Business Wire
Icertis and SAP Deepen Partnership to Accelerate Time to Value with AI-Powered Contract Intelligence
BELLEVUE, Wash.--(BUSINESS WIRE)-- Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature." Share Contracts are the foundation of every business relationship, establishing the rules of business for how enterprises buy, sell, and partner to drive global commerce. Icertis transforms traditionally static contracts into actionable business rules within the SAP user experience – enabling customers to drive revenue, control costs, mitigate risk, and ensure compliance by integrating structured contract data directly into core business processes. 'Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies,' said Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment,' said Anand Subbaraman, Chief Operating Officer, Icertis. 'For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes.' Icertis is the AI-powered contract intelligence partner of choice for leading technology companies and global systems integrators and 3x the size of the next pure-play contract lifecycle management vendor, according to MGI Research. To learn more about why contracts are one of the most valuable assets in the enterprise and a prime resource to drive financial outcomes with GenAI, visit Icertis at booth 338 at SAP Sapphire Orlando. About Icertis Icertis delivers AI-powered insights and agentic automation to transform static contracts into strategic enterprise advantage. The Icertis Contract Intelligence platform revolutionizes how enterprises manage their customer, supplier, and partner relationships, enabling businesses to grow revenue, control costs, mitigate risk, and ensure compliance. Today, more than one third of the Fortune 100 trust Icertis to realize the full potential of millions of business relationships in more than 90 countries around the world. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
Associated Press
02-05-2025
- Business
- Associated Press
Optimal Blue Brings AI-Powered Originator Assistant to Market, Helping Originators Present Best Possible Loan Options to Borrowers
- Leader in mortgage capital markets technology delivers on innovations unveiled at Summit user conference - PLANO, Texas, May 1, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced the general availability of Originator Assistant, a powerful addition to the Optimal Blue PPE. Leveraging generative AI, Originator Assistant eliminates human bias in the loan structuring process and helps originators identify all options for a borrower, providing more ways to help consumers realize the American dream of homeownership. Unveiled at the inaugural Optimal Blue Summit in February and now available to all Optimal Blue PPE clients using the enhanced originator interface, Originator Assistant is an AI-powered recommendation engine that simplifies loan structuring by identifying alternate scenarios with more competitive pricing. The tool automatically detects pricing breakpoints and suggests opportunities for more strategic loan discussions, saving loan officers time and eliminating manual guesswork. The tool evaluates loan options based on various parameters while searching for pricing incentives on the peripheral or opportunities for adjustment to achieve different terms. Combined with Scenario Optimizer, which enables side-by-side comparisons, Originator Assistant gives lenders a distinct advantage in presenting the best options to borrowers. Further building on its delivery of innovation, Optimal Blue also announced the beta release of enhanced Lock Extensions workflows, a feature reimagined in close collaboration with the company's clients. The feature gives lenders greater control, automation and flexibility over lock extension policy management. The new Lock Extensions experience allows Optimal Blue PPE users to configure policies across multiple investors using global product groups, significantly reducing manual work and complexity. It also introduces a step-by-step configuration workflow, advanced toggles to support compliance considerations, and automation tools for processing and tracking extension requests. Together, Originator Assistant and Lock Extensions help lenders respond faster to market conditions, reduce manual error and apply lock policies with greater consistency and precision. 'Originator Assistant and our enhanced Lock Extensions feature are great examples of how we listen closely to our customers and build solutions that solve real problems,' said Erin Wester, chief product officer at Optimal Blue. 'These latest enhancements demonstrate that innovation is not just a promise at Optimal Blue, it's a practice. Our clients can continue to expect exciting product updates as Optimal Blue heads toward the MBA Secondary and Capital Markets conference later this month.' Both enhancements are accessible by Optimal Blue PPE clients with no setup required. Originator Assistant runs automatically, and existing lock extension policies will be migrated to the new Lock Extensions experience, allowing clients to begin making updates right away. Additional innovations introduced at the Optimal Blue Summit, including Rules Optimizer, Ask Obi and the Solution Center, are expected to reach general availability later this spring. About Optimal Blue Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit LOGO link for media: NEWS SOURCE: Optimal Blue ### MEDIA ONLY CONTACT: (not for publication online or in print) Leslie W. Colley Depth for Optimal Blue [email protected] (678) 622-6229 ### Keywords: Mortgage, Optimal Blue, fintech, Originator Assistant, Optimal Blue PPE, finance AI, mortgage AI, PLANO, Texas This press release was issued on behalf of the news source (Optimal Blue) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P125900 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
