Understanding Contract Management in Portfolio Strategic Sourcing Solution

Sourcing Challenges:

• Wants improved contract compliance.
• Needs the ability to minimize tracking and administration of all contract types.

Supply Chain Challenge:

• Needs to know when contracts are expiring in advance and need to know how to easily search for and find contracts across the organization.

Contracts Challenges:

• Needs better partner collaboration and negotiation.
• Needs to reduce contract leakage, late renewals, and legal risk.

The SAP Ariba Contracts solution enables organizations to realize the best value from their agreements by addressing the full contract lifecycle process spanning contract authoring, negotiation, and enforcement.

• Consumer-grade authoring capabilities such as drag-and-drop, in-app redlining, and Microsoft Word–based navigational view to enable a seamless contract authoring experience
• User preference–based configurable questionnaire templates, contract terms, tolerance management, workflows, notifications, and approval engines
• Integration with SAP Ariba Buying and Invoicing to provide real-time enforcement at the time of requisition, spend consumption tracking, and PO and invoice term adherence and reconciliation
• Built-in integration with e-signature management solutions to enable electronic contract execution through partnerships with leading digital signatures platforms
• Integration with SAP Ariba solutions as well as external ERP systems that enables seamless process flows, data consistency, and operational compliance across systems