SAP Ariba Named a Leader in Contract Lifecycle Management by Independent Research Firm
PALO ALTO, Calif.--(BUSINESS WIRE)--Jan 22, 2019--SAP Ariba announced today that it has been ranked as a Leader in Contract Lifecycle Management by independent research firm Forrester Research, Inc. 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.”
An assessment of CLM solutions in source-to-contract suites, Forrester evaluated eight providers against 33 criteria. SAP Ariba received the highest possible scores for:Market Presence Integration Contract approval
According to the report, SAP Ariba’s “…contract creation and contract repository functions are generally more advanced than most of its source-to-contract CLM competitors.” 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.”
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 digitalizing contracts with SAP Ariba® Contracts™ to:Manage procurement and sales contracts, IP licenses, internal agreements, and more Automate and accelerate the entire contract lifecycle Standardize and control contract development Strengthen operational, contractual, and regulatory compliance
For more information on SAP Ariba’s contract management solutions and the value they deliver, visit www.ariba.com.
About SAP Ariba
SAP Ariba is how companies connect to get business done. 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. The result is a dynamic, digital marketplace, where over $2.28 trillion in commerce gets done every year. To learn more about SAP Ariba, visit www.ariba.com.
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enable more than 413,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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