Creating contracts quickly and easily using pre-approved templates and legal clauses.Since it has a better market share coverage, SAP Ariba Contracts holds the 4th spot in Slintel’s Market Share Ranking Index for the Contract Management category, while CLM Matrix holds the 64th spot. Strengthening operational, contractual, and regulatory compliance Minimum 5+ years’ extensive functional knowledge of SAP Ariba Procurement, Contract Management, and Supplier Life Cycle Management Experience in application design, development and. In the Contract Management market, SAP Ariba Contracts has a 8.77 market share in comparison to CLM Matrix’s 0.14.Standardizing and controlling contract development.

Automating and accelerating contract lifecycle management from start to finish.Managing procurement and sales contracts, IP licenses, and internal agreements.Review and approvals are very easy as approvers can provide their approval through emails. Most contract management software is designed to provide greater visibility into corporate spend, create greater efficiencies in the contract process, and lower administrative costs. Overall: Ariba Contract Management system gives an easy and smooth platform to route contract for drafting, negotiation, review, approval, signature and archiving. These stages include initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management and compliance (within the repository), and contract renewal.īuyers and suppliers save time and reduce errors by creating a common language, core templates, unified terms, and repeatable, consistent conditions. Contract lifecycle management (CLM) automates and streamlines contract processes during key stages.

Ariba contract management