Your focus is only procurement contracts, but you also want to manage sales and internal contracts without any customizations.
You want to extend your procurement portfolio with robust contract management functions. It offers a single repository for the lifecycle management of BUY-side, SELL-side and any other legal documents (contracts, NDAs, policies, patents etc.) in enterprises and offers full traceability of obligations, approvals, signatures, expiration and responsibilities internally and externally. SAP S/4HANA Enterprise Contract Management & Assembly is transforming the way contract documents are requested, created, managed & controlled.
Your primary business case is procurement transformation. SAP Contract Lifecycle Management(Retired) SAP S/4HANA for Enterprise Contract Management The comparison would be based on criteria like – architecture, workflow, document versioning and signature, integration capabilities, extensibility, implementation guidelines, contract repository, configurations, design approach etc. In this blog post, I would be primarily comparing SAP S/4HANA for Enterprise Contract Management which is both cloud and on – premise offering, SAP Ariba, the cloud-based offering and SAP Contract Lifecycle Management, the on – premise solution offering(which is no longer on the price list). Without an enterprise approach to contract lifecycle management, organizations run the risk of taking a hit to the bottom line due to lost time, money or potentially damaged reputation.īecause of this simple fact that a company needs to optimize the process to maximize the value they represent, often question comes up with customers on what to choose when planning to automate and standardize their source-to-contract processes. “ great procurement work can be undone by weak contract management”Ĭontracts are assets the most important part of managing contracts at any company is not what you know about them-it’s what you don’t know that can cost you. This blog post is focused on comparison of SAP Contracts Management in SAP Ariba, SAP Contract Lifecycle Management and SAP S/4HANA for Enterprise Contract Management and how it will assist the reader to choose what suits them in the procurement space.
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