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Glossary>Contract Management>Ariba Contract Management

Ariba Contract Management

Ariba Contract Management is a solution that streamlines and automates the entire contract lifecycle, from creation and negotiation to execution and compliance. It helps organizations manage contracts efficiently, ensuring compliance, reducing risks, and improving visibility into contract terms and performance.

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About Ariba Contract Management

Ariba Contract Management was developed to address the need for streamlined contract processes within organizations. It evolved from Ariba Inc., a company founded in 1996, which initially focused on electronic procurement solutions. Over time, Ariba expanded its offerings to include contract management, aiming to improve efficiency, compliance, and visibility in contract handling.

Strengths of Ariba Contract Management include comprehensive contract lifecycle management, robust compliance features, and seamless integration with other SAP solutions. Weaknesses may involve complexity in implementation and higher costs compared to some alternatives. Competitors include IBM Emptoris, Icertis, and Coupa Contract Management.

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How to hire a Ariba Contract Management expert

An Ariba Contract Management expert must have skills in SAP Ariba configuration, contract template creation, workflow management, and integration with other SAP modules. Proficiency in data migration, e-signature solutions, and reporting within the Ariba platform is also essential.

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