SAP Ariba Contracts

SAP Ariba Contract Management is software that helps legal, finance, procurement, and sales operations professionals tasked with driving contract management to manage all types of agreements, including procurement, sales, and internal contracts. The vendor says that with SAP Ariba Contract Management, companies can develop best-value agreements by addressing the two major components of the contract lifecycle:

• Contract Management from contract request, contract authoring, workflows to address the contracting process, negotiation and approval, and contract execution via electronic signatures

• Commitment Management including all ongoing compliance and performance management through task-driven reminders and search and reporting capabilities as well as contract renewal activities

With SAP Ariba Contract Management, companies can connect directly with customers when creating, negotiating, executing, and managing the ongoing administration of contracts. The vendor’s value proposition is that by using their contract management solution, companies will experience greater efficiency, lower administrative costs, and improved relationships that result in higher value agreements.

The vendor says that what makes their Software-as-a-Service solution unique is that it delivers market leading technology in a fully hosted environment with data security standards that exceed those of any enterprise company.