Zycus iContract, formerly known as Ultria CLM, focuses primarily on the contract lifecycle management (CLM) segment. They offer an AI-driven contract lifecycle management software that empowers legal, sales, procurement, and other teams within an organization to streamline and standardize the entire contract lifecycle process. Zycus, based in Princeton, NJ, was founded in 1998 with a vision to leverage technology to solve business problems. They harness the power of Artificial Intelligence technology for practical business purposes to create a powerful suite of solutions for the fields of procurement and finance.
Their software is designed to manage the end-to-end contract lifecycle from request to approvals, and from authoring to obligations management. It provides features such as automated and assisted contract authoring, collaborative reviewing and redlining, e-signature integration, and complete audit trail, among others. It also leverages artificial intelligence for automated contract extraction, metadata tagging, risk modeling, and advanced analytics.
Zycus iContract differentiates itself from competitors by providing a highly intuitive, easy-to-use, and robust solution that offers a seamless experience across different phases of contract management. It offers comprehensive integration capabilities with several ERP, CRM, and ITSM systems, enhancing the utility of the software across various business functions.