What is a TermScout Certified™ Contract?
TermScout is a contract review platform that enables law firms, corporations, and investment firms to gain insights into contracts. TermScout helps close deals 3x faster by dramatically reducing friction in contract negotiations.
Using a combination of artificial intelligence technology and experienced legal professionals, TermScout analyzed over 750 data points in the Celonis MSA and benchmarked the terms against more than 1,500+ similar vendor contracts. After an extensive quality control review from a committee of human experts, the Celonis MSA received a rating of 70% Customer Favorable, putting Celonis in the Top 8% of all vendor contracts globally.
That’s right. Our MSA is more favorable to You than 92% of all vendor contracts.
In addition, we were given a 100% score against “Buy-side Deal Breakers,” with zero issues failing to meet the acceptability criteria. The MSA complies with 82% of the World Commerce & Contracting Principles and was assessed to have a “High Clarity” of contract language.
This achievement underscores our commitment to providing you with a first-rate contracting experience that will expedite your digital transformation initiatives and foster process excellence in your procurement motion. We look forward to partnering with you to unlock new levels of performance in your business.
But you don’t have to take our word for it. See here for TermScout’s independent assessment of our contract.