Know what’s in your agreements with contract analytics But the complexities with searching for and understanding contract clauses in agreements makes this more difficult than analyzing simple keywords, especially when the agreement isn’t in a readable format. In the same way, procurement teams need to analyze detailed data in the contracts managed by SAP Ariba to identify risks and opportunities. Spend analytics solutions such as Ariba help procurement professionals better manage suppliers and spending by providing insights about which suppliers they work the most with and whether they are paying according to the relevant terms in contracts. Many procurement teams rely on SAP Ariba and the DocuSign Agreement Cloud to optimize contract management, tax management, spend analysis, invoice and supplier management. Procurement professionals are expected to deliver business value and insights across the entire set of source-to-pay processes. Organizations expect today’s procurement teams to do much more than just control expenses.
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