![]() Creating contracts quickly and easily using pre-approved templates and legal clauses.Strengthening operational, contractual, and regulatory compliance The SAP Ariba Contracts solution creates a single integrated view of contract data and standardizes related processes, helping your business realize negotiated. If your Ariba Spend Management solution includes the Ariba Contract Compliance feature and you want to associate a sub-agreement with a procurement contract workspace, the master agreement must be published so that it is identical in both Contract Compliance and Ariba Contract Management before you associate the sub-agreement with it.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.Most contract management software is designed to provide greater visibility into corporate spend, create greater efficiencies in the contract process, and lower administrative costs. These stages include initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management and compliance (within the repository), and contract renewal.Ä«uyers 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.
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