SAP Ariba announced this week that it has been ranked as a Leader in Contract Lifecycle Management by independent research firm Forrester Research, Inc.
Contract Lifestyle Management and Ariba
SAP Ariba is how companies manage their com. On the Ariba Network, buyers and suppliers from more than 3.6 million companies and 190 countries discover new opportunities, collaborate on transactions and grow their relationships. Buyers can manage the entire purchasing process, while controlling spending, finding new sources of savings and building a healthy supply chain. And suppliers can connect with profitable customers and efficiently scale existing relationships simplifying sales cycles and improving cash control along the way.
SAP Ariba’s cloud-based contract management solutions make it easy to collaborate on contracts with all stakeholders. Companies all over the globe reduce risk and drive cost savings by digitalising contracts with SAP Ariba® Contracts to:
- Manage procurement and sales contracts, IP licenses, and internal agreements
- Automate and accelerate the entire contract lifecycle
- Standardize and control contract development
- Strengthen operational, contractual, and regulatory compliance
Forrester Research, Inc.is an American market research company that provides advice on existing and potential impact of technology, to its clients and the public.in a report titled “The Forrester Wave™: Contract Lifecycle Management For Source-To-Contract Suites, Q1 2019: The Eight Providers of CLM Solutions for Source-to-Contract Suites that Matter Most and How They Stack Up.”
Forrester evaluated eight providers against 33 criteria. SAP Ariba received the highest possible scores for the following criteria:
- Market Presence
- Contract approval
The report also notes that “its support for existing and legacy contracts, contract approval, and contract optimization functions are better than those of its direct competitors, and its portfolio of related buy-side apps is strong in all core capabilities.”
“Strong and mutually beneficial supplier relationships are the unsung hero of delivering for your customers,” said Darren Koch, Chief Product Officer, SAP Ariba. “We feel this ranking validates SAP Ariba’s leadership position in delivering contract management technology.”