Summarizing Benefits

The SAP Ariba Contracts solution enables organizations to identify revenue opportunities, prevent contract leakage, realize negotiated savings, and enable stronger compliance.

With SAP Ariba Contracts, companies can develop best-value agreements by addressing the two major components of the contract lifecycle:

1. Contract management covers everything from contract request, contract authoring, and workflows to the contracting process, negotiation and approval, and contract execution with electronic signatures.
2. Commitment management including all ongoing compliance and performance management through task-driven reminders, search and reporting capabilities, and contract-renewal activities.

With SAP Ariba Contracts, companies can connect directly with customers when creating, negotiating, executing, and managing the ongoing administration of contracts. This means greater efficiency, lower administrative costs, and improved relationships that result in higher-value agreements.

A unique software-as-a-service (SaaS) solution, SAP Ariba Contracts delivers technology in a fully hosted environment and maintains security standards. Companies can get the solution up and running faster with fewer resources – enjoying faster time to value and lower total cost of ownership.

• Easy to use: Create contracts quickly and easily using Microsoft Word and pre-approved templates and clauses.
• Acts as a central repository: Existing and new contracts are stored in a secure centralized, searchable location and are available on demand.
• Allows for controlled processes: Create custom templates to standardize the contract creation process. Build in reviews and approvals of contract documents, with automatic reminders to keep the process on track.
• Provides complete visibility: Stay informed throughout the contract cycle with automatic alerts, a dashboard of contract-related information, and configurable reports. See where each contract is in the cycle, who is working on each task, and when each task is due.
• Automates on-time renewals: Receive notifications in advance of milestone dates. View upcoming expiring contracts on the dashboard.
• Supports efficient collaboration: Work quickly and effectively with global stakeholders via a shared workspace to collaborate on contract wording in real time. Capture internal and external electronic communication.
• Integrates for end-to-end commerce: Integrate contract processes with additional SAP Ariba solutions, an ERP, or other third party solutions for compliance and control. Integration can further streamline your source-to-pay process.