Samir Bodas on systems of record
From Samir Bodas, Icertis CEO: A Fortt Knox Conversation · · ForttKnox
“I think everybody agrees we need a fifth system of record — a system for entitlements and commitments: it can show retrospectively, currently and prospectively what my commitments, entitlements and risk are.”
On , Samir Bodas, Cofounder at Certis, spoke about systems of record 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.