How does SAP's contract management solution compare with best-of-breeds?
To what level does SAP do Contract Lifecycle Management, both from the purchasing and from the sales side?
Continue Reading This Article
Enjoy this article as well as all of our content, including E-Guides, news, tips and more.
Where are they in relation to the best-of-breed providers like i-many, diCarta or Nextance?
Contract Management is a part of the solution mySAP Supplier Relationship Management (SRM). SAP released this functionality generally within the SRM 3.0 – 4.0 releases. This solution is definitely newer compared to the core operational procurement solution (EBP). However, SAP is building towards a more comprehensive contract management solution within SRM.
In my opinion it's not there yet compared to i-many and others. However, keep in mind that those solutions do not align with the enterprise strategy for SAP as a solution. Also, the integration issues provide enough reasoning to compare the functionality between SRM Contract management and i-many, diCarta, etc. It is important to review what the core requirements of the organization are as it relates to Contract Management and then conduct a solution and gap analysis.
