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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