“With this strategic integration, SAP customers can easily manage and optimize end-to-end processes such as sourcing, contracting and spending analysis,” said Puneet Bhakri, SVP of global alliances and partnerships at SirionLabs. It provides enterprises with seamless experiences by automating workflows such as the procure-to-pay cycle, purchase order (PO) creation, payments approvals, and spend analytics. With this certification, SAP customers who use SirionOne cut implementation times, lower integration costs, and have full compatibility between the solutions, according to the vendor. The integration enables new levels of contract intelligence for customers across legal, procurement, and sales teams by plugging into SAP Ariba and unlocking access to business-critical information in real-time from within enterprise applications.
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.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.
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