Integrating Contract Intelligence into SAP
Meet the Authors
SAP organizations are always on the lookout for options to simplify their financial landscape. One of the best ways to do this is automating essential tasks that can be tedious to free up financial professionals to generate insights and perform work that adds more value to the enterprise.
The management of contracts, purchase orders, and other agreements is one area where many SAP organizations are targeting the use of AI and automation to speed up time to value and reduce the possibility of manual errors.
Adding Contracts to the Intelligent Enterprise
To improve contract management within SAP, many companies are turning to Icertis and its Icertis Contract Intelligence platform. This solution leverages AI capabilities to extract meaningful data from these agreements, synthesize the information, and ensure that every party in the agreement understands their role and has access to up-to-date information.
Icertis can be used to bolster workflows in source-to-pay, lead-to-cash, recruit-to-retire and design-to-operate processes. This reduces time to value and streamlining these essential functions. By using advanced technology to better understand their contracts, users can eliminate ambiguous language to ensure that all agreements are understood by all parties and that each team understands their role in delivering what is promised.
Icertis and SAP
Icertis is a Gold Partner in the SAP PartnerEdge program and remains the only contract lifecycle management (CLM) company with Endorsed App status at SAP. The Icertis Contract Intelligence Platform integrates with apps like SAP Ariba, SAP CPQ, and SAP Fieldglass, as well as SAP S/4HANA.
This cohesiveness helps to give organizations a single source of truth into all of their agreements and better manage deliverables. End-to-end visibility is a consistent theme for SAP organizations, as siloed data can lead to misunderstandings, harming client relationships. By integrating with one platform, organizations can be on the same page throughout the lifecycle of a contract and ensure they meet all deadlines and directives, whether they are buying or selling.
Conclusion
Many SAP organizations have struggled with fragmented workflows, outdated information, or unclear language in vital agreements with clients and/or suppliers. These companies are now beginning to leverage advanced AI and automation capabilities with partners like Icertis to ensure that they have a clear, end-to-end understanding for all of their contracts. Icertis also fully integrates with SAP so all relevant parties can access the information they need to execute their role in the contract.
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