Leveraging Contract Management with SAP-integrated Intelligent Platforms

SAP users understand the struggle of processing expanding data in legacy systems. Especially in the case of contract management for large organizations: growing networks is vital for businesses to thrive and extracting and centralizing contract data may not be an easy task in traditional enterprise platforms. To help address this issue, many companies turn to intelligent software providers. Among them is Icertis whose Icertis Contract Intelligence (ICI) is designed specifically for SAP Ariba integration.

Recently, Icertis assisted a leading US healthcare company in its efforts to improve its overall contract management. With a network of more than 1.5 million healthcare providers, clinics and facilities, it is vital for the organization to support its third-party relationships. However, it struggled to effectively extract and centralize its contract data because there was no central repository. Thus, teams had to locate the contracts from various sources before they could begin to extract data and upload it to the appropriate systems which caused delays and difficulties.

Realizing the ineffectiveness of its processes, the company began its search for contract intelligence. After conducting thorough research, the organization chose the ICI platform to standardize and automate contract operations while turning contract data into enterprise insights. Working alongside Icertis, it developed a two-phase plan, ensuring the success of the project that would spearhead its digital transformation efforts.

So, what are the benefits that SAP clients who use or are planning to migrate to SAP Ariba for their procurement needs can extract from integrating an intelligent contract platform like ICI? Primarily, it can help realize the full promised value of the contract through the seamless integration of contract management and spend management solutions. The users can initiate amendments in SAP Ariba Contract Workspace or ICI and post which one can complete legal authoring for the amendment in ICI. Once the contract amendment is executed in ICI, the changes can be synced between SAP Ariba and ICI.

Thanks to these features from Icertis, the healthcare organization saw a substantial decrease in manual effort and benefits from improved efficiency across the enterprise. More than 60,000 agreements have been migrated to ICI and the health services giant is utilizing Icertis AI to extract the critical data and information it needs to optimize both operations and business decisions.

In the world of constantly moving and expanding data, centralization and automation are crucial. By utilizing intelligent platforms like ICI from Icertis, companies can enjoy easy control over their procurement processes while making certain that each agreement is correctly memorialized, up-to-date and fully realized.