Samir Bodas on contract intelligence
From Samir Bodas, Icertis CEO: A Fortt Knox Conversation · · ForttKnox
“Because the contract contains so much intelligence, and by connecting contract provisions to the systems that deliver or receive the product or service, you can drive more revenue, reduce cost, ensure compliance and mitigate risk — that’s the second magic after extracting what's in the contract.”
On , Samir Bodas, Cofounder at Certis, spoke about contract intelligence during Samir Bodas, Icertis CEO: A Fortt Knox Conversation on ForttKnox.
About Samir Bodas
In an August 2024 interview, Samir Bodas, cofounder and CEO of Icertis, discussed the company's focus on using artificial intelligence to transform static contract documents into "dynamic assets." He described this as the "toughest problem" the company is solving, aiming to help businesses realize the full potential of their business relationships. Bodas cited examples of customers using Icertis's platform during the COVID-19 pandemic to identify force majeure clauses and during periods of inflation to locate cost-of-living escalation clauses. He characterized the contract as a potential "fifth system of record" for entitlements and commitments. Bodas also addressed Icertis's business strategy and market position. He stated that the company is cash-flow positive and profitable, and that its focus is on "making the donuts" — innovating and delivering customer value rather than immediately pursuing a public listing. He noted that Icertis has announced partnerships with companies including Harvey, Microsoft, and OpenAI to integrate large language model capabilities into its contract intelligence platform. Bodas emphasized a strategic imperative of maintaining profitable growth and compounding it over time.