Procurement professionals can easily manage requests for information, proposals, and quotations. They can also run real-time auctions.
Users can conduct simple or complex sourcing activities for direct and indirect spend categories.
Contract managers are able to generate, negotiate, and manage procurement contracts in a single, searchable contract repository.
Users can author contracts using a library of approved standard clauses and contract templates that promote and enforce your organization’s legal standards during contract creation. They can also drive approvals based on key contract attributes, and once a contract is ready for final signature, they can electronically sign each contract.
Because all category activities can be linked to sourcing projects, SAP Sourcing and SAP CLM provide visibility, standardization, and repeatability. You can track results and decisions during each project, monitor project status, and record savings.
Tight integration with backend systems encourages compliance with negotiated contract terms and pricing. It also ensures that savings are realized when purchasing transactions are executed.
Rich configuration and extensibility options let you customize the solution to meet your unique business requirements. User-defined forms make it easy to adapt business processes.
- Integration with DocuSign (as well as EchoSign) for electronic signatures
- Additional security access controls for key processes
- Ease-of-use functionality, such as the ability to retire all questions in an RFx at one time
- Important integration enhancements, including support for multiple price validity dates for price conditions