Ariba, the spend and procurement management solutions provider,
hopes small- to mid-sized businesses will take their enthusiasm
for cloud computing to the business processes around contract
latest solution, StartContracts, works to do just that. An
on-demand solution, StartContracts combines technology and best
practice processes to help organizations manage buy and sell side
agreements with greater speed and lower costs. The solution also
promises to mitigate risk, drive compliance and increase revenue,
says Ariba. [Disclosure: Ariba is a sponsor of BriefingsDirect
Those are tall promises, but ones that Steve
Markle, senior director of Solutions Management at Ariba, is
willing to stand by. As he sees it, effective contract management
is a “critical lever” that
companies can pull to find contract information, optimize
profits, and identify risks and opportunities quickly.
Here’s what you get with this new
software-as-a-service (SaaS) solution:
- Create a central, online contract repository
- Specify important fields and terms within agreements to be
- Manage contracts across the organization using robust
free-text search and reporting capabilities
- Establish task-driven reminders based on important dates and
milestones to drive use and compliance
- Go paperless and sign agreements electronically
- Optional electronic signature capabilities streamline and
make contract execution more affordable and more secure.
Ariba is billing StartContracts as affordable, enterprise-class
software that is delivered on demand. Markle went so far as to
say that the solution makes possible capabilities that were once
only affordable for large enterprises. How affordable? The
company is offering an introductory price of $199 a month.
Like a lot of cloud services, this may take hold in SMBs, but
migrate into departments and then more of the enterprise core.
And, as with most SaaS and cloud services, contract management as
a service can quickly become a dynamic process ingredient for
more transformative efficiencies. I expect that the analytics
from these pure services-composed processes will also prove quite
BriefingsDirect contributor Jennifer LeClaire provided editorial
assistance and research on this post. She can be reached at
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