Terzo lands $16M to extract key data from contracts

Contract governance is the steps taken to make sure agreed-upon terms between a company and its suppliers are met. It’s an essential part of doing business, and the consequences for getting it wrong can be steep. McKinsey estimates that poor contract governance can cost organizations up to 9% of their total revenue, which equates to $1.4 trillion for the Fortune 500 alone and $6.4 trillion across all enterprise business-to-business companies.
Challenges around contract governance have fueled the rise of startups like Icertis, which recently secured $150 million at a $3.2 billion valuatio

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