PALO ALTO, Calif., 26 July 2016 – SAP Ariba today announced that it has again been ranked as a leader in Contract Life-Cycle Management for Buy-Side Contracts by independent research firm Forrester Research, Inc., this time in a new report titled “The Forrester Wave: Contract Life-Cycle Management, Q3 2016: The 14 CLM Vendors That Matter Most And How They Stack Up,” (The Forrester Wave: Contract Life-Cycle Management, Q3 2016, Forrester Research, Inc., July 2016).
Designed to assess the current state of the market for contract lifecycle management solutions, the Forrester Wave evaluated 14 CLM software vendors using 28 criteria. In the Contract Life-Cycle Management for Buy-Side Contracts portion of the evaluation, SAP Ariba had among the highest scores for:
- Existing and Third-Party Contract Support
- Contract Types Supported
- Financial Resources to Pursue Strategy
The company also received the highest score among all vendors in the Market Presence category (customer base and revenue) for the Buy-Side portion of the evaluation.
“Contracts are a critical element of the source-to-pay process,” said Alex Atzberger, President, and SAP Ariba. “We are honored to be recognized as a leader for SAP Ariba’s capabilities and will continue to innovate in collaboration and compliance for contract management.”
Ariba Contract Management is an end-to-end solution designed to eliminate the paper and ink from the creation, execution, and management of any type of contractual agreement. With Ariba Contract Management, companies can:
- Manage procurement and sales contracts, IP licenses, internal agreements, etc.
- Automate and accelerate the entire contract lifecycle
- Standardize and control contract development
- Collaborate with all stakeholders
- Strengthen operational, contractual, and regulatory compliance