
SAP Ariba Contracts allows you to manage the entire contract Lifecycle in a centralized location.
- Contract Request: Initiates the contract process by creating and sending a request to a Contract Manager to create a Contract Workspace.
- Prepare a Workspace and Author a Main Agreement: In this step a Contract Manager creates a Contract Workspace in SAP Ariba and begins drafting/authoring the Main Agreement and other contract documents in preparation for Review and Negotiation.
- Review and Negotiate: In this step, Contract Documents go through an internal review process and then are sent out to a supplier for further redlines and negotiation.
- Approve and Finalize: In this step, Contract Documents go through final approvals and signatures are obtained. The workspace is then published and the contract executed.
- Amend and Manage: Finally, a Contract may be Amended and then further managed through Dashboard tools, Access Controls and Reporting.