Contract Management

Effective contract management has emerged as a crucial function to improve profitability, support compliance and manage risk. Yet, many companies continue to struggle to locate their existing contracts let alone manage them. And onerous legal procedures and shifting regulations make it difficult to create best-value agreements that simultaneously maximize profits and minimize risks.

Ariba Contract Management solutions are designed to help you overcome these challenges by providing full visibility into contracts, enhancing compliance and reporting, and streamlining the contracting and administration processes. With support for all agreement types, online authoring and negotiation features, and automated performance tracking, alerts, and reporting capabilities, Ariba Contracts helps maximize the value of contractual agreements and improve compliance

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Features

Ariba Contract Management solutions are designed to streamline and improve collaboration, visibility, and control for all agreement types across the entire contract management lifecycle, including:

• Collaborative contract creation and authoring - streamline contract initiation and collaborative authoring, negotiations, and approval. Use pre-approved templates and legal clauses to minimize risks and ensure consistency. Native integration into Microsoft Word maximizes adoption and compliance and ensures auditability across the contracting cycle
• Comprehensive contract repository - empower stakeholders to easily search contracts, clauses, and other documents across a comprehensive repository of contracts, certifications, and related documents
• Contract compliance and performance management - automated tracking and reporting enforce price, T&Cs, discounts, SLAs, & time-frames, ensuring that your company is maximizing contract compliance and value while meeting regulatory and reporting requirements

Ariba solutions are available in flexible On Demand or CD versions, support integration with all major ERP and business systems, and support multi-language, currency, and regulatory requirements. In addition, Ariba's global services team can assist with implementation, training, program design, contract conversion, and risk assessment to ensure rapid deployment and ongoing success.

Learn about the benefits of Ariba's Contract Management solution
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Request more information about Ariba Contract Management.

Benefits

Whether you're managing supplier, customer, partner, employee, or other agreement types, Ariba Contracts is the solution for you. Hundreds of customers around the globe are using Ariba Contracts to lower costs, improve revenues and profits, enhance compliance, and reduce risks and legal exposure.

The Aberdeen Group found that contract management solutions deliver measureable improvements in the following areas:

• Compliance - 55% additional spend brought into compliance
• Revenues - 1-2% increase in revenues
• Time - halve negotiation cycles and improve renewals by 25%

Ariba's On-Demand delivery option and change management expertise help organizations seize these opportunities quickly and achieve a rapid ROI.

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Resource Library: Contract Management