Contract Management Solutions
Ariba Contract Management solutions help companies address common contract management challenges. By streamlining contract management processes and activities - from contract repository and authoring to contract compliance - Ariba solutions make the contracting process easier, safer and less costly.
Inefficient contract processes and a lack of operational controls lead to major headaches. The all-too-common contracting problems that place businesses at risk include:
- Lack of central storage for all contracts
- Limited visibility into existing contracts and contract terms
- Lack of a single source of truth for Sarbanes-Oxley and other compliance auditors
- Difficulty collaborating on contract authoring and review
- No standard contract language available, which results in high involvement of legal resources
- Long and inefficient contract negotiation cycles
- Inability to ensure compliance with existing contracts and contract terms, both internally and with third parties
Benefits
Ariba gives businesses the professional assistance they need to lower costs and reduce legal exposure. Our full range of Ariba Contract Management solutions address all contract types including sales and procurement contracts and also include:
- Implementation
- Ongoing support
- Loading of legacy contracts, templates, approval routings and clause librar
- Training, helpdesk support and project management
Enterprises that implement Ariba Contract Management solutions can realize a rapid return on their investment. By improving process management and compliance controls, mitigating regulatory risk, and refining sales and procurement processes, companies can achieve both increased revenues and savings
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