SAP Ariba Contract Management
Simplified Contract Management
Contracts are among the most important aspects of ensuring success in any company. In procurement, contracts allow a company to figure out the exact amount of goods and services they will receive. In sales, contracts allow a company to assess what it promised to its clients. Despite how critical contracts are for businesses, many companies do not have advanced management tools but choose to instead rely on paper documents that sometimes have no standardization. This can lead to inefficient, and costly contract cycles which can cause managing different commitments and agreements to be difficult. And in the worst case scenario, poor contract management can lead to an unnecessary decrease in savings and missed opportunities for growth.
What is SAP Ariba Contract Management?
SAP Ariba Contract Management is a software-as-a-service (SaaS) solution that offers cutting-edge technology with the highest data security standards. The solution provides your departments, whether it’s legal, procurement, sales or finance, manage their own teams’ contracts. Due to its simplicity, your company can directly connect with your clients for contracts any time during the process from creating to executing. This can lead to more efficiency, decreased operational costs, and improved client relationships.
- Contract Management
- Commitment Management
Two major aspects of the contract lifecycle are covered in this solutions:
Request, create, and produce workflows for the entire contracting process
Ensure contract compliance with reminders, search, and reporting capabilities.
Manage entire contract lifecycle on an SaaS-integrated platform.
Enforce in contract compliance in real-time from the start of the lifecycle.
Increase value of agreements with search and reporting features
Keep comprehensive audit records to meet external regulations
Collaborate with your internal teams during the client negotiation period
Capture electronic signatures with DocuSign, an e-signature provider that SAP is partnered with
Utilize best-in-class contract templates
Seamless commerce experience
Integrations with other SAP products, your ERP, and more allow for greater compliance
Up-to-date software from SAP Ariba means an overall lower cost of ownership as well as minimal work for your IT team
Search capabilities allow your employees to find suppliers they know will be compliant to your business guidelines
Better control your agreements
If approved contracts are changed, receive an immediate alert
Have complete visibility throughout the entire process with alerts and dashboards
Optimize business opportunities
Get early notifications of upcoming deadlines and ensure no opportunity is missed.
Ensure greater compliance
Features such as tracking, audit trails, and more help you maintain compliance
Reduce time and costs of shipping contracts with digital signatures with DocuSign and Adobe Sign
Innovation Partner with SAP Ariba since 2017
Co-developed SAP Ariba SCC with Ariba and Microsoft
Skilled set of trained consultants
Working on leading innovations