Contract Management
How to capture your contracts and realize your promised savings?
SAP ARIBA CONTRACT MANAGEMENT
Contracts form the basis of the relationships with your suppliers. This includes purchasing- and sales contracts. Do you process and store your contracts digitally? Do your contracts cover all relevant agreements? To what extent are risks present because certain agreements are not covered or are not correctly covered?
SAP Ariba Contract Management supports the full contract lifecycle from contract management to commitment management. Contract management includes the process of requisitions, approval and negotiation until the signing and recording. Commitment management relates to compliance and performance management by reminders and reports. And also covers contract extensions.
BUSINESS BENEFITS
A standardized contract and approval process stored centrally.
Increase contracted spend and decrease Maverick buying in order to achieve better discounts and improve supplier relationships.
Reduction of operational and regulatory risks, and the administrative and legal burdens.