Icertis and SAP Ariba: Unlocking the Power of Integrated Contract Management

In today’s complex procurement world, businesses demand streamlined processes, efficient collaboration, and reduced risks. Icertis and SAP Ariba offer a compelling solution: They integrate world-class contract lifecycle management (CLM) with powerful spend management tools.

What is Icertis?

Icertis is the leading provider of the Icertis Contract Intelligence (ICI) platform, a cloud-based CLM solution driven by artificial intelligence. ICI empowers organizations to create, manage, negotiate, and analyze contracts with unprecedented accuracy and speed.

What is SAP Ariba?

SAP Ariba is a comprehensive cloud-based procurement solution suite that handles sourcing, purchasing, supplier management, and spending analysis. It helps businesses optimize their procurement processes for greater efficiency and cost savings.

Why Icertis + SAP Ariba?

Integrating Icertis with SAP Ariba offers significant advantages for businesses:

• Seamless Source-to-Pay Process: Icertis and SAP Ariba work together to create a unified source-to-pay experience. Contracts are initiated directly from sourcing events in Ariba, ensuring contract terms and pricing align perfectly with negotiated agreements.
• Intelligent Contract Creation: Icertis utilizes AI to streamline contract creation. It suggests clauses from pre-approved libraries, flags potential risks, and offers guidance, significantly reducing the time and effort to draft contracts.
• Enhanced Visibility: Integration provides a centralized view of contracts and related data across the source-to-pay process. This offers real-time insights into contract status, obligations, compliance, and potential risks.
• Faster Cycle Times: Icertis’s automated workflows and collaboration tools speed up negotiations, approvals, and signatures. The seamless integration avoids duplication of effort between SAP Ariba and Icertis.
• Reduced Risk: Icertis continuously monitors contract performance and identifies potential compliance issues. This proactive approach limits unforeseen liabilities.

Key Use Cases

• Strategic Sourcing: Contracts initiated after sourcing events in SAP Ariba ensure negotiated terms are accurately reflected for optimal outcomes.
• Supplier Contract Management: Manage all supplier-related contracts in a centralized Icertis repository, providing easy access and analysis to enhance supplier relationships.
• Sales Contract Management: Accelerate sales processes with quick, AI-supported contract authoring and approvals within Icertis, all while mitigating risk.
• Spend Analysis: Analyze contract data alongside spending data in SAP Ariba to reveal cost-saving opportunities and identify areas for improvement.

In Conclusion

Integrating Icertis and SAP Ariba delivers a compelling value proposition for businesses. It empowers organizations to transform their procurement and contracting processes from disconnected and inefficient to streamlined, data-driven, and insight-rich functions. The result is higher efficiency, greater compliance, and improved financial outcomes.