
Contract Management with SAP Ariba Contracts (4AZ)
In this scope item, you can integrate value and quantity contracts, which are agreements for a company to order certain quantities of products during a specified period. In SAP Ariba Contracts, users can negotiate prices for goods and lean services to be procured, and they can sign a legally binding contract with a supplier. In source determination, contracts can then be assigned in the source list as fixed sources of supply. Pricing details are passed on from SAP Ariba Contracts to the operational system, so that operational purchasers can use these prices to buy goods or services as required. Target groups of Contract Management with SAP Ariba Contracts are purchasing managers as well as strategic buyers and operational purchasers.
Key Process Steps Covered
Create contract in SAP Ariba Contracts
Set up and review contract terms
Approve contract
Send contract to SAP S/4HANA
Automatically create operational purchase contract
Automatically approve and release operational purchase contract
Use operational purchase contract as source of supply
Create purchase order against operational purchase contract
Benefits
- Manage purchase contracts for materials and lean services
- Automate and accelerate the contract lifecycle
- Standardize and control contract development
- Minimize effort for tracking and administration of contracts
- Optimize the value of contracts by supporting full-scale reporting
- Strengthen operational, contractual, and regulatory compliance
Software Products
- SAP S/4HANA
- SAP Ariba Contracts
- SAP Ariba Cloud Integration Gateway
Where is Contract Management with SAP Ariba Contracts(4AZ) being used?
This Scope item is used in the following way:
- As a management function of Sourcing and Contract Management within Sourcing and Procurement Scope Item Group