How does SAP's contract management solution compare with best-of-breeds?

Alon Raskin

Published: 15 Apr 2005

To what level does SAP do Contract Lifecycle Management, both from the purchasing and from the sales side?

Step 2 of 2:

You forgot to provide an Email Address.

This email address doesn’t appear to be valid.

This email address is already registered. Please login.

You have exceeded the maximum character limit.

Please provide a Corporate E-mail Address.
- I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.
Please check the box if you want to proceed.
- I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.
Please check the box if you want to proceed.

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.

Next Steps

Compare the industry's top PLM systems

Dig Deeper on SAP SCM

Related Q&A from Alon Raskin

How to configure SAP workflow clients

Find out how to configure clients so that the same version of an SAP workflow item is used when the workflow is triggered in separate clients. Continue Reading

How to send attachments in an SAP workflow item

An SAP user has created a user decision step in an SAP workflow item and wants to know how an end user can send an attachment to other users. Continue Reading

How to hide a button in an SAP Business Workplace toolbar

A SearchSAP.com reader wants to know how to hide the forward button in an SAP Business Workplace toolbar. Continue Reading

Have a question for an expert?

Please add a title for your question

Get answers from a TechTarget expert on whatever's puzzling you.

Meet all of our SAP administration / development experts

View all SAP administration / development questions and answers

SearchERP

Last-mile delivery challenges in the age of omnichannel

The last-mile delivery problem is getting more difficult as customers demand lightning-speed product fulfillment. Here's hope.

Finance transformation efforts soar with cloud ERP

Although some CFOs resist moving financials to the cloud, the process can help streamline processes and save money. Here's a look...

Top 6 2020 supply chain trends

Supply chain technology is growing more complex and so are partnerships. Here are the most important trends leaders must ...

SearchOracle

Oracle Autonomous Database shifts IT focus to strategic planning

This handbook looks at what Oracle Autonomous Database offers to Oracle users and issues that organizations should consider ...

Oracle Autonomous Database features free DBAs from routine tasks

Oracle Autonomous Database can automate routine administrative and operational tasks for DBAs and improve productivity, but ...

Oracle co-CEO Mark Hurd dead at 62, succession plan looms

Oracle co-CEO Mark Hurd's abrupt death at 62 has put the software giant in the position of naming his replacement, and the ...

SearchDataManagement

Hitachi Vantara acquires data catalog vendor Waterline Data

With the acquisition of Waterline Data, Hitachi Vantara is bringing new data catalog capabilities that will expand the Lumada ...

New Confluent Platform release boosts event streaming quality

Based on the open-source Kafka event streaming platform, the Confluent Platform 5.4 update adds new capabilities to help meet ...

Where InfluxDB time series database is going

Users need more than SQL for querying databases, according to Paul Dix, co-founder and CTO of InfluxData. That's why the vendor ...

SearchAWS

New themed Amazon pop-up stores built on consumer data

In its never-ending quest to establish unique physical locations, Amazon has plans to launch a chain of themed pop-up stores that...

AWS security faces challenges after a decade of dominance

After a decade of dominating the public cloud market and influencing cloud security, AWS is faced with new challenges stemming ...

AWS AI tools focus on developers

AWS sells many AI products, tools and services aimed at developers, including several for AI newcomers, such as DeepRacer, ...

SearchBusinessAnalytics

How to compare and choose augmented analytics tools

Choosing an augmented BI and analytics vendor can be difficult when their offerings are so similar. Analysts at Gartner and ...

ThoughtSpot IPO could be coming after vendor adds first CFO

Hiring of a CFO for the first time signals that ThoughtSpot may be positioning itself for an IPO and comes six months after what ...

5 ways enterprises adapt to the data scientist shortage

Where are all the data scientists? Coping with the data scientist shortage is a struggle for many enterprises. Here are five ways...

SearchContentManagement

4 popular content collaboration platforms to consider

Companies need to be organized if they want to be efficient. Content collaboration platforms are useful, but first, ensure that ...

AI can enhance content security with a bit of planning

Microsoft and Box both use AI technologies to keep content secure in the cloud. But before using such tools, businesses first ...

Ex-SAP exec steers Episerver CMS toward digital experience market

Alex Atzberger discusses leaving the helm of SAP's CX platform to become Episerver CEO. Now, Episerver looks to reinvent itself ...

SearchHRSoftware

6 candidate journey mapping secrets savvy recruiters know

A journey map can be a critical tool for uncovering what it takes to provide your candidates with great experiences. Here's ...

Critical tips for managing contingent workers

Contingent workers save companies both time and money, so it's important to manage them in a win-win way. Here is what HR teams ...

Impact of AI on jobs goes on the presidential campaign trail

The impact of AI on jobs is a major issue for employers, who are struggling with how to address it. Robots, automation and AI ...

What are the most important features of SAP SRM-MDM Catalog?

What deployment models are included in an SAP SRM overview?

Forrester analyst weighs SAP SRM's strengths, weaknesses

Best practices for supplier relationship management (SRM) vendor selection

Please create a username to comment.