AIDS Healthcare Foundation to Drive Savings and Compliance with Icertis Contract Intelligence

BELLEVUE, Wash.--(BUSINESS WIRE)--Dec 9, 2024--

Icertis, the global leader in AI-powered contract intelligence, today announced that AIDS Healthcare Foundation (AHF) has selected its contract intelligence platform to streamline contract management across 47 countries. Icertis will enable AHF to optimize margins by ensuring compliance, controlling costs, and capturing revenue in contracts.

Contracts govern the flow of dollars in and out of the organization and are a critical source of data to inform decision-making at scale. Applying AI to contract data will enable AHF to surface actionable insights to ensure it captures all available savings and controls any unnecessary spending, helping enhance overall financial performance so the organization can improve patient health. AHF will integrate Icertis with SAP Ariba to streamline purchasing and supplier management globally, gaining efficiencies across its network of clinics, pharmacies, and healthcare centers supporting more than 2 million patients worldwide.

“Cost control and operational efficiency in contracting is paramount to our mission of ending the AIDS epidemic because optimizing business relationships allows us to maximize resources and deliver quality services to more patients,” said Lyle Honig Mojica, CFO of AIDS Healthcare Foundation. “Connecting the Icertis platform with SAP Ariba will eliminate disjointed spend management, enabling us to uncover potential savings in our supplier agreements and ensure compliance while staying focused on our mission.”

Average contract value erosion is nearly 9 percent, and more than 80 percent of today’s CFOs believe they are leaving money on the table during contract negotiations. This points to substantial financial risk for businesses managing thousands of commercial agreements and the critical need to integrate AI into contract management to minimize profitability loss and tap into unrealized revenue. By implementing and integrating Icertis, AHF is executing on an innovative vision to leverage AI in driving efficiencies that enable greater focus on patient outcomes.

“The healthcare industry operates in an ever-changing and complex regulatory environment, where effective contract management is key to mitigate liability and revenue leakage,” said Monish Darda, CTO and Co-founder, Icertis. “Icertis connects contract data with core systems like SAP and applies AI to enable long-term contract performance. By harnessing contract intelligence, AHF will gain organization-wide visibility into agreements and unlock tangible value that directly impacts their bottom line.”

Contracts are universal in business, but each industry experiences its own unique challenges with commercial agreements. As the leader in revolutionizing contract management with AI, Icertis empowers organizations like AHF to address industry-specific contracting needs and realize immediate outcomes through the effective use of contract intelligence.

About Icertis

Icertis is the global leader in AI-powered contract intelligence. The Icertis platform revolutionizes contract management, equipping customers with powerful insights and automation to grow revenue, control costs, mitigate risk, and ensure compliance - the pillars of business success. Today, more than one third of the Fortune 100 trust Icertis to realize the full intent of millions of commercial agreements in 90+ countries.

About AHF

AIDS Healthcare Foundation (AHF), the world’s largest HIV/AIDS healthcare organization, provides cutting-edge medicine and advocacy to more than 2.1 million individuals across 47 countries, including the U.S. and in Africa, Latin America/Caribbean, the Asia/Pacific Region, and Eastern Europe. To learn more about AHF, visit us online at AIDShealth.org, find us on Facebook, and follow us on Instagram, Twitter, and TikTok.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241209976505/en/

CONTACT: Media Contact:

Michelle Rodriguez

Senior Manager, Corporate Communications

corpcomm@icertis.com

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: DATA MANAGEMENT AIDS HEALTH TECHNOLOGY PRACTICE MANAGEMENT SOFTWARE ARTIFICIAL INTELLIGENCE

SOURCE: Icertis

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