The number of process templates you need is decided based on the categories of your purchase and/or sales. Your implementation partner helps you identify and personalize the pre-built process templates for contracts.

You are thus covered for majority of your master data e.g. Your site is ideally ready to use since you have work on for Sourcing module on-going or done.You cut a deal with SAP Ariba or a reselling partner for Contracts Management along with your Sourcing subscription.So how does a typical contracts management implementation go about?

To name one I recollect Seal Software which has now been acquired by DocuSign.

The complexity of this task could vary and there a specialized external service providers to help you with the same.

The good news is that all your legacy contracts could be converted and loaded using pre-packaged templates and ready to use load programs.

Though Sourcing module is a must for technical reasons, functionally your organization could get paralyzed in absence of a good sourcing tool if you rely on a lot of contracts as part of your mainstream business.

There are pre-requisites to using such an advanced solution and you need Ariba Sourcing module.

So can my organization start using Ariba Contracts Management solution when we have thousands of legacy contracts and how do we go about it? Get everything in few clicks and access controlled.

Ready Reference - Be it renewals, amendments, audits or even terminations of existing contracts.

Workflow - Keeping the team and tasks associated with different stages of the document.

Versioning - Imagine the tens to hundreds of drafts needed for a single contract before you arrive at the final signing copy.

How does SAP Ariba Contracts Management solution really help? letting the end users know that its ready for use

Negotiations and Approvals involving internal as well as external parties like contract managers, legal, suppliers etc.

So why is there a need to have a specialized solution to manage contracts for an organization? Thanks to Ariba that they have limited it to a few and Contracts Management Solution is one such module that helps create Procurement, Sales and Internal types of contracts. The word 'contract' is the most misconstrued in the business world as many people use it just like a slang in many contexts. This is the third one in this series and the second Ariba module that I am writing about.

Ariba contracts