SAP Ariba - If you can afford it, the best option for sure...
Overall Satisfaction with SAP Ariba Contracts
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.
Pros
- Show contract vital information
- Show reports
Cons
- No free Trial
- Expensive
- Easier contract management means less time focused on looking for information and more time negotiating.
- Alerts on contract expiration which allows you to negotiate on time.
I haven't tried other alternatives, but Ariba Contract Management users were so pleased to work with it that we decided to go with it.
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