SAP Ariba : Become Certified Consultant Contract Management

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Contract Optimization for Productivity and Compliance

While training in the SAP Ariba Contract Management course, the student will learn how to optimize contracts right from the SAP Ariba platform. Some of the major points that will be discussed in this course include:

Major discussion topics for this course are :
Introduction to Contract Management: Why it is such a critical component of the procurement process and how SAP Ariba facilitates contract lifecycle management.

Contract Development: Understand the creation of a contract in SAP Ariba, including templates, terms, and clauses.

Contract Authoring: Learn about the authoring process of creation and writing for a contract, editing, and sharing that contract collaboratively within the SAP Ariba space.

Contract Negotiation and Approval: It has the capability to manage negotiation processes and track changes with an ability to gain approvals from the relevant stakeholders.

Contract Execution: It will perform contracts electronically through e-signatures and acceptance of a contract process in Ariba SAP.

Contract Repository: Managing the SAP Ariba Contract Repository including organizing contracts, version control, and document storage.

Contract Compliance and Obligation Management: Monitor the compliance of a contract, manage how its obligations are being tracked and contractual terms enforced in SAP Ariba.

Contract Renewal and Termination: Understand the processes involved with renewals and termination. Such would include notice, renegotiation, and closing down a contract.

Integration with Procurement Processes: Understand how SAP Ariba Contract Management is plugged into other procurement processes and modules within the SAP ecosystem.

Analytics and Reporting: Use analytics and reporting capabilities in SAP Ariba to uncover insights related to the performance of contracts, compliance, and risk management.

Best Practices and Case Studies: Learn best practices in the management of contracts, and how some real-world case studies walk you through how organizations optimize their contract management processes by using SAP Ariba.

Course Modes
Practicals are implemented in the class, through simulations and scenarios, to make the students delve deeper into the actual principles of contract management and the mastering in the usage of the SAP Ariba Contract Management module.
Who Should Attend:
Procurement Professionals
SAP MM Consultants
SAP SRM Consultant
Technical Consultants
Supply Chain Managers
IT/Business Analysts
Project Managers
Students and Fresh Graduates
System Administrators
Integration Specialists
SAP End-users
All enthusiastic about SAP Ariba