Lufthansa Technik selects Icertis to transform contract management

Aviation technology and maintenance market leader chooses AI-powered contract intelligence to improve contract efficiency and transparency

BELLEVUE, Wash., August 30, 2022 /PRNewswire/ — Contract intelligence company Icertis has announced that Lufthansa Technik AG, the aircraft maintenance business of the Lufthansa Group, has selected Icertis Contract Intelligence (ICI) as its contract lifecycle management (CLM) solution. ) enterprise-wide. The company plans to integrate the Icertis platform with its existing SAP CX solution to strengthen sales and improve compliance, risk management and efficiency. Lufthansa Technik joins a growing list of aviation companies, including many of the world’s largest manufacturers and airlines, that are using Icertis to transform contract management.

Lufthansa Technik is one of the world’s leading providers of aircraft maintenance, repair, overhaul and modification services, managing more than 4,500 aircraft under an exclusive contract. Like many businesses, Lufthansa Technik faces growing uncertainty and competition, especially as the aviation industry recovers from the effects of the COVID-19 pandemic. Accordingly, Lufthansa Technik sought solutions to speed up business transactions and reduce process complexity.

“The Icertis Contract Intelligence platform and the company’s deep partnership with SAP will provide new insights and automated processes to our sales team to accelerate contract drafting and negotiation. These efficiencies and insights are especially valuable during economic fluctuations and will help generate revenue, reduce risk exposure and gain transparency on contract execution,” said Kai Stefan RoepkeVice President Corporate Sales EMEA, Lufthansa Technik AG.

Using the artificial intelligence capabilities of Icertis Contract Intelligence, Lufthansa Technik will digitize the entire procurement process, structure data in contracts and connect this critical business data to operational systems. ICI will integrate directly into Lufthansa Technik’s SAP CX system, providing enterprise efficiency and operational intelligence. The initiatives will extend business insights to more than 1,300 users and help ensure that the intent of every contract is properly remembered and fully realized.

“By choosing the CLM solution from Icertis, Lufthansa Technik can have a continuous flow of information throughout sales opportunities, provide teams with better information, improve forecast accuracy and achieve more efficient management of This contract management transformation will both advance the business of the organization and benefit the travel industry ecosystem as a whole,” explained Roman Howe, vice president of customer advocacy at ‘Icertis, Europe.

About Lufthansa Technik AG

With around 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the world’s leading providers of aviation technical services. Internationally certified as a maintenance, production and design organization, the company has more than 22,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance , repair, overhaul, modification, completion and conversion as well as the manufacture of innovative aircraft cabin products.

About Icertis

With unparalleled technology and category-defining innovation, Icertis pushes the boundaries of what is possible with Contract Lifecycle Management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns static document contracts into a strategic advantage by structuring and connecting the critical contract information that defines how an organization operates. Today, the world’s most iconic brands and disruptive innovators trust Icertis to govern the rights and liabilities in their more than 10 million contracts worth more than $1 trillion in more than 40 languages ​​and more than 90 countries.

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