Docusign Announces New Connector for SAP Ariba Solutions
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Key Takeaways
⇨ Organizations operating in the procurement space are increasingly facing challenges such as limited contract visibility, inefficient approval processes, and disconnected tools that often result in inefficient procurement cycles, rogue contracting, unwanted auto-renewals, and reduced contract value.
⇨ Docusign addresses these challenges through its partnership with SAP by innovating solutions to streamline source-to-pay workflows.
⇨ The Docusign Connector for SAP Ariba solutions helps speed up and streamline the source-to-pay agreement process by enhancing collaboration, automating tasks, and integrating with SAP systems.
Businesses often grapple with issues such as delayed transactions, complex signup procedures, and financial losses due to vendors not fulfilling contractual obligations. These challenges lead to significant losses in time, money, and opportunities, largely because of antiquated agreement management practices that depend on conventional tools like word processors, emails, and simple digital storage. This causes inefficiencies in drafting, negotiating, and managing contracts, along with the poor organization of completed agreements.
This is especially true for organizations operating in the procurement space that are increasingly facing challenges such as limited contract visibility, inefficient approval processes, and disconnected tools that often result in inefficient procurement cycles, rogue contracting, unwanted auto-renewals, and reduced contract value.
A leader in Contract Lifecycle Management (CLM) solutions, Docusign addresses these challenges through its partnership with SAP by innovating solutions to streamline source-to-pay workflows.
Docusign has announced the new Docusign Connector for SAP Ariba solutions, available globally starting this September. The solution, built on the Docusign IAM platform, automates workflows between Docusign CLM and SAP Ariba, helping businesses accelerate time to value and reduce friction in source-to-pay agreement processes.
The Docusign Connector for SAP Ariba solutions helps speed up and streamline the source-to-pay agreement process by enhancing collaboration, automating tasks, and integrating with SAP systems. This solution makes it easier for organizations to create new vendor agreements, integrate third-party agreements, and manage workflow tasks across both Docusign and SAP Ariba platforms. Using these features, businesses can improve the experience for customers, vendors, partners, and employees.
New capabilities include:
- Streamlined Collaboration: Facilitates seamless teamwork with a fully integrated user experience between Docusign and SAP Ariba.
- Automated Workflow Routing: Simplifies task assignment and management across Docusign and SAP Ariba solutions, enhancing collaboration and efficiency.
- Enhanced Data Synchronization: Automatically syncs data between Docusign and SAP Ariba solutions, eliminating manual data entry, reducing errors, and ensuring data consistency.
- Improved Agreement Management: Allows for the creation of new agreements using key sourcing data from SAP Ariba solutions, incorporates third-party documents into Docusign from SAP Ariba contract workspaces, and maintains a comprehensive audit history for agreements in both systems.
Docusign source-to-pay connector allows users to streamline:
- Vendor Negotiations: Automatically ingest third-party contracts to eliminate errors and ensure favorable terms, such as force majeure provisions.
- Contract Execution: Streamline the contract creation process from the RFx stage through to automated routing for multi-party approvals and signatures, saving time and money.
- Vendor Management: Track and report on agreements by party, date, or contract type, and receive automated alerts for renewing or expiring vendor contracts.
- Contract Analytics: Identify and understand contract terms and provisions that could expose the business to legal, regulatory, and financial risks.
The new Docusign Connector for SAP Ariba solutions will be available globally starting in September 2024 to help streamline source-to-pay agreement processes.
Docusign was recently awarded the Global Intelligent Spend and Business Network Partner Excellence Award by SAP in April.
