Case Study: BASF achieves improved compliance in tightly regulated markets with Icertis

BASF Improves Compliance in Tightly Regulated Markets with ICM

BASF, the world’s leading chemical company headquartered in Ludwigshafen, needed to replace a legacy contract management system that couldn’t reliably track obligations in its large sales-contract portfolio. Critical rebate conditions carried heavy penalties if missed, the discount-and-rebate process was manual and uncontrolled, and separate U.S. and E.U. systems added complexity and risk.

BASF deployed the ICM cloud platform to automate contract-data extraction and deliver notifications for obligations, giving full visibility and centralized control to some 30,000 users worldwide. The solution improved compliance in tightly regulated markets (notably Germany), reduced stakeholder risk, accelerated time-to-revenue, and simplified contract workflows and approvals globally.

BASF

Matthew Lepore

Senior Vice President, General Counsel and Chief Compliance Officer