Iconic automaker gains efficiency and performance with a smarter approach to contracts

Mercedes-Benz, facing industry disruptions, recognized the need for a digital transformation to streamline their contract management processes. They implemented the Icertis Contract Intelligence (ICI) platform to create a single source of truth for all contracts, enhancing their ability to manage over 500,000 supplier relationships effectively. The ICI platform significantly reduced contract turnaround time by 83%, from six weeks to just one, and integrated contract data across the enterprise. This system provides forward-looking analytics that will enable Mercedes-Benz to track contract patterns and realize long-term value.