Zycus Recognized as a Representative Vendor for CLM in the 2023 Gartner® Market Guide for Advanced Contract Analytics

NJ, Princeton, 24th Aug 2023: Zycus, a leader in cognitive contracting, is proud to announce its recognition in Gartner’s Market Guide for Advanced Contract Analytics. The report marks vendor functionality as aligned to Gartner’s definition of each use case: including Contract Visibility, Automated Contract Review, Contract Risk Assessment, and Continuous Improvement, across pre- and post-signature phases.

According to the report, “the advanced contract analytics market is evolving rapidly, but its primary use cases are maturing at varying rates and adoption levels.” We believe that in this dynamic environment, Zycus iContract has positioned itself by providing a solution that seamlessly integrates advanced AI capabilities with comprehensive contract management workflows.

The report states “Procurement, legal and sales teams continue to navigate persistent disruptions, including remote and hybrid work environments, resource constraints, rising workloads, and changing regulatory requirements. These challenges are forcing more organizations to choose to adopt advanced contract analytics solutions. These solutions enable procurement and legal teams to better meet the needs of their internal stakeholders. They provide T&C-level visibility into their signed contracts, enabling efficiency in the contract review and risk assessment process, and offer insight into opportunities for continuous improvement.”

Aatish Dedhia, Founder & CEO of Zycus, commented on this recognition, saying, “We are pleased to be acknowledged as a Representative Vendor in Gartner’s Market Guide for Advanced Contract Analytics. At Zycus, we are committed to delivering solutions that empower businesses to efficiently manage their contracts and mitigate risks. We believe that this recognition reaffirms our dedication to innovation and excellence.”

It is our belief that, by enabling organizations to enhance contract visibility, automate review processes, assess contract risks, and drive continuous improvement, Zycus iContract positions itself as a reliable partner in contract lifecycle management.

Note 1 – Gartner, Inc. “Market Guide for Advanced Contract Analytics” by Kaitlynn Sommers, Kerrie McDonald, 2 August 2023.

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