Contracts. They're the linchpins that hold together complicated business relationships. They're also time-consuming, frustratingly inconsistent, and hard to enforce — especially if you're not sure where they're filed. For your procurement operation, that can mean higher risk, leaked savings, and missed opportunities.
Instead of managing every contract as a painstaking, one-off event, try
Ariba Contract Management.
Delivered via the Ariba Commerce Cloud, it's the market-leading SaaS solution that gets all stakeholders working together on procurement contracts (or sales contracts, intellectual property licenses, employee agreements, etc.). On a single, user-friendly platform, you can standardize and accelerate the process, from initial request to electronic execution and storage. Negotiate with suppliers from the world's largest online trading partner community. And drive efficiency and compliance by integrating contract management processes with sourcing, procurement, and other spend management solutions.
Only with Ariba can you achieve this level of process integration and efficiency, gaining clear contract visibility with unrivaled compliance assurance. And by spending less time managing documents and more time building supplier relationships, you'll secure better deals and drive more savings to your bottom line.
Learn how you can...
Gain visibility into the entire contract lifecycle.
It's the paper that blocks your view. It can be created in countless ways and filed in a myriad of places. But when you make the move to electronic contracts, every contract is housed in a centralized repository and retrieved on demand with powerful search tools. Integrated collaboration, negotiation, and execution tools keep you posted as the agreement takes shape and becomes finalized. And with expiration dates and other milestone events easily flagged, you'll stay alert to renewals and avoid supply chain interruptions.
Drive contract compliance.
Ariba helps you drive compliance in three areas: operational, contractual, and regulatory. Standardized processes encourage all contract authors to follow the rules and get approval before modifying templates or clauses. Automated tracking and reporting enforce negotiated prices, terms and conditions, discounts, service level agreements, and time frames. A full audit trail aids in satisfying regulatory requirements. You can also integrate contract processes with other Ariba solutions or third-party systems to capture information that would alert you to off-contract activity. Check out Ariba Procurement Content to see how contract information can be integrated into your online catalogs.
Standardize contract creation.
Creating electronic contracts on a single integrated platform makes standardization possible. Automation helps all contract creators use pre-approved contract templates and legal clauses, and tight integration to Microsoft Word ensures that casual users can collaborate on agreements without learning new software. If anyone modifies format or language, the system issues alerts so all necessary stakeholders can be aware of non-standard agreements and take appropriate action. You can also automate negotiation and collaboration processes in many cases, further ensuring process standardization.
Shorten contracting cycles.
Flexible infrastructure and process workflows facilitate collaborative contract authoring and negotiation. Standardized contract templates and clauses minimize bottlenecks, accelerating contract creation and legal approval. Internal stakeholders easily interact via a web-based platform, seamlessly connected with trading partners through the Ariba Commerce Cloud. And best of all, the system can be tightly integrated with DocuSign's complete and secure electronic signature capability, eliminating the time – and costs — associated with shipping and signing multiple paper copies of every contract.
Quickly deploy on a tight budget.
Many companies have had to scale back IT budgets and staffs. That makes Ariba's pay-as-you-go solution the smart choice for quick and sustainable contract management. No added hardware or software means you can be up-and-running in no time, realizing faster time-to-value and lower total cost of ownership. In addition, Ariba's global services team can assist with implementation, training, program design, contract conversion, and risk assessment to ensure rapid adoption and ongoing success. And because we maintain the software, you benefit from our innovations and upgrades right away.
No one else offers the single-platform integration capability that you get with the Ariba Commerce Cloud. Now you can integrate your contract management solution with other SaaS solutions for spend analysis, sourcing, procurement, supplier management, and more. Plus, you can engage with Ariba's industry-leading business commerce network, enabling you to manage all your trading relationships in one place: sharing best practices and collaborating with your partners and your peers. Learn more.
Request more information about Contract Management software.
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