Case Study: The Standard achieves strategic sourcing, improved compliance, and 25% fewer transactional contracts with Icertis Contract Intelligence

The Standard Takes a More Strategic Approach to Sourcing with Icertis

The Standard, a fast-growing, highly regulated insurance provider based in Portland, Ore., faced the challenge of managing thousands of third-party vendor agreements across diverse services and software while meeting strict regulatory requirements and supporting M&A activity. Without a centralized contract lifecycle management system, teams struggled to compare inherited contracts, tailor agreements to business risk, and demonstrate compliance when regulators requested records.

By centralizing third-party contracts on the Icertis Contract Intelligence platform, The Standard moved from document storage to an operationalized contract intelligence framework that delivers complete visibility, automated compliance tracking tied to expirations and terminations, and risk‑based drafting via integrations with TPRM tools. The platform reduced repetitive transactional contracts by 25%, enabled savings equal to five to six times employee cost, improved M&A contract comparisons, and shifted staff from data entry to strategic advising—allowing a small team to drive outsized procurement and compliance results.

The Standard

Derek Dansby

Director, Support Services