Efficiency and Digitalization with SAP Ariba Contract Management
SAP Ariba Contract Management allows users to manage contracts efficiently with the use of contract negotiations, contract review, and …
SAP Ariba Contract Management
SAP Ariba Contract Management
SAP Ariba Contract Management
Overview
What is SAP Ariba Contract Management?
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...
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Popular Features
View all 17 features- Contract search (9)9.595%
- Contract sharing (8)9.090%
- Contract creation (8)9.090%
- Clause library/saved fields (8)9.090%
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What is SAP Ariba Contract Management?
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…
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What is SAP Ariba Contract Management?
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.
SAP Ariba Contract Management Features
- Supported: Multi-tenant, Saas-integrated platform managing the entire contract lifecycle for all agreements
- Supported: Flexible compliance capabilities including real-time enforcement at time of requisition and improved monitoring on past spend transactions
- Supported: Powerful search and reporting capabilities to optimize the value from existing commitments
- Supported: Robust and flexible contract processing workflows
- Supported: Full audit trail for internal and external/regulatory requirements
- Supported: Integreated contract data and workflows with third party systems
SAP Ariba Contract Management Competitors
- CobbleStone Contract Insight®
- Blueridge Software
SAP Ariba Contract Management Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Frequently Asked Questions
CobbleStone Contract Insight® are common alternatives for SAP Ariba Contract Management.
Reviewers rate Contract search and Contract milestone reminders & alerts highest, with a score of 9.5.
The most common users of SAP Ariba Contract Management are from Enterprises (1,001+ employees).
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December 16, 2022
Efficiency and Digitalization with SAP Ariba Contract Management
Score 9 out of 10
Vetted Review
Verified User
SAP Ariba Contract Management allows users to manage contracts efficiently with the use of contract negotiations, contract review, and digital signature. With SAP Ariba Contract Management, contracts can be streamlined with a single unified repository with reduced risks and help to eliminate papers completely Enabling standardized templates with enhanced visibility.
- Digital Signatures
- Faster time to market with enhanced contract authoring
- Full 360 degree visibility of contracts
- Contract compliance tied to catalogs
- Reporting and dashboards
- Suite integration with PO's
- Complex with reference to invoicing against contracts
May 31, 2022
ARIBA Tool to Monitors Contracts
SAP Ariba Contract Management is used as the place holder for all contract active or expired. All pertinent documents are secured and placed in the portal.
- It is used by sourcing and procurement to monitor contracts
- You can go paperless as documents are stored in the portal
- Each contracts are uniquely named by Contract Workspace number assisgned
- the numbering is limited to contract workspace or CW#, if it is used to RFP, numbers can be RFP# and not CW#
- for extension, it is nice to have a alphanumeric than numeric only
- contract term attributes does not need to have an email recipient , the budget owner & issuer are the email recipients
This product helps us get paid on our various contract vehicles. We select the contract on which we are asking for payment, enter the information and within thirty days we have received our payment for the work that we had completed on that particular contract. It is a very straightforward process.
- ease of use
- intuitiveness
- additional opportunities
- there was an issue that it wouldn't populate the contract address
- this was frustrating as you had to keep going back and forth hoping it would eventually pick it up
- however, they seemed to have fixed this issue.
April 22, 2020
Ariba's usefulness
It is used across the organization from corporate to the supply chain. We use it for supplier initial questionnaire and evaluation analysis prior to use and contract engagement.
- Questionnaire
- Feedback loop
- Central repository
- Flow customization
- Subcustomization for sub organization
Ariba Contract Management is a software tool being used in the company to manage all the procurement contracts in the company. For every circuit we hire (1327 in LATAM), we have a contract with the supplier. This tool makes everything easier showing us all the vital information a contract has such as start date, end date, supplier, product/service, contract value, etc., allowing us to be aware of any changes we need to make, extensions, cancellations or re-negotiations. It also lets us upload any valuable document the contract may have.
- Show contract vital information
- Show reports
- No free Trial
- Expensive
June 10, 2019
Global contract management solution - pricey considering implementation cost and integration challenges
We brought in ARIBA to replace our legacy SAP SRM and drive a global sourcing strategy across 100 plus countries where we are present. We have been using their catalogs for a couple of years now. Our leadership goal is to have one source of truth and one platform to optimize all sourcing.
- Global presence
- Integration with SAP backend
- Reporting and analytics capabilties
- The current ways of integration with SAP are a bit painful.
- ARIBA shared services turn around time and knowledge lacks the depth of the product.
- Reporting and Analytics need huge improvement.
- They promise an Amazon-like experience but they are nowhere close to it.
- Expensive for smaller countries but they have to bite the bullet to have one global solution.
- Expensive implantation given hurdles with integration / training / Reporting / Change management.
I am part of consulting company who provides consulting and implementation service for procurement solution on the various products including SAP Ariba.
As part of this exercise, based on customer's requirement, we do compare various products and provide our suggestions to the customer. There are lots of end customers implementation that we have done for sourcing and Contract Management from Ariba. Any company who is dealing with Vendors and supplier/Buyer would require Contract Management System in place to define the payment terms, legal documents, workflow, and other mutual agreements. And I found Ariba Contract Management solves this need very well.
As part of this exercise, based on customer's requirement, we do compare various products and provide our suggestions to the customer. There are lots of end customers implementation that we have done for sourcing and Contract Management from Ariba. Any company who is dealing with Vendors and supplier/Buyer would require Contract Management System in place to define the payment terms, legal documents, workflow, and other mutual agreements. And I found Ariba Contract Management solves this need very well.
- SAP Ariba has Ariba Supply Chain Network that makes Suppliers/Vendors/Buyers onboarding very easy. Ariba Contract Management is very well integrated with Ariba network and hence sharing contractual documents and information are very easy.
- SAP Ariba provide integration with SAP ERP which takes out the effort needed to integrate Ariba with SAP.
- Ariba exposes API and ITK to do integration if your ERP is none SAP.
- SAP Ariba Contract Management is the comprehensive solution that has most of the needed functionalities. One thing I would like to add a word of advice that evaluate and discuss all details as per your requirement before you make purchasing decision. Ariba, in general, is not customization friendly and there can be the limitation to the customization you may require as per your requirements.
- Migration from Ariba to any other tool may not be easy, say after 2-3 years you realize that Ariba is not able to handle all requirements as per your need.
February 01, 2018
My experience in Ariba
With Ariba it was possible to consolidate all suppliers in one network.
- User friendly
- Good Support
- Well Known
- Expensive
- Not so responsive in mobile devices
- Hard to customize
September 15, 2017
SAP-Ariba Survey
I use it only to make financial transactions with a big business entity easier. I only use it for this. I don't market with it because I don't have the kind of business that lends to this kind of marketing. But, it works great for what I need it for.
- It informs me of when my proposals are approved.
- It lets me electronically invoice my client.
- It keeps me up to date on the status of my invoices and when they will be paid.
- I don't like that they anticipate an annual revenue based on one quarter. Our business is cyclic in nature. This costs us more money in fees than necessary.
- I never know exactly who to talk to. I've had to figure it out.
- Set up was a mess. I had several employees that each tried and only one is necessary and when they leave, I have a problem.
It was used to manage all of our contracts across three business units. It was used to digitally house all of our contracts and any pertinent documents.
- Digitally storing contracts
- Tying together related documents
- Users have a lot of flexibility when inputting information. This can cause for confusion when two co-workers file related documents under two different companies: ie. Acme and ACME
July 07, 2014
Ariba Review
Ariba Contract Management is being used as a contract database for all contracts signed. The entire company is able to search for and find any contract entered into.
- Searching for agreements
- Customized templates for every situation
- Reporting capabilities
- Reporting for all users and not just a select few
- Response to system problems
- Technical Customer Service