#AI enabled CLM

[simplicontract1]

Revolutionizing Legal Operations with AI Contract Lifecycle Management

Traditional contract management is no longer sufficient to handle the growing complexities of business agreements. Enterprises are shifting towards intelligent systems to streamline contracting processes, improve compliance, and mitigate risks. This is where AI Contract Lifecycle Management (CLM) plays a pivotal role. Simplicontract’s AI-powered CLM platforms are redefining how organizations manage their contracts by integrating Artificial Intelligence in Contract Lifecycle Management for better efficiency, accuracy, and strategic value.

What is AI Contract Lifecycle Management?

AI Contract Lifecycle Management refers to the use of artificial intelligence to automate and enhance the entire lifecycle of a contract — from initiation and authoring to negotiation, execution, and renewal. It goes beyond basic digital document storage to offer valuable insights, intelligent clause recommendations, risk detection, and smart workflows.

Simplicontract’s AI-powered CLM platform is designed to provide businesses with end-to-end visibility and control over their contracts. The platform ensures seamless collaboration between legal, sales, procurement, and finance teams, leading to faster turnaround times and reduced operational costs.

AI Contract Lifecycle Management System: Benefits

An AI Contract Lifecycle Management System such as Simplicontract offers numerous benefits that set it apart from traditional contract management tools:

Automation of Routine Tasks: AI-powered CLM system automates repetitive tasks like clause tagging, version comparison, and metadata extraction, saving time and reducing human error.

Smart Search & Clause Analysis: Users can search for specific clauses across thousands of contracts instantly, with AI identifying similar or risky language patterns.

Compliance and Risk Management: SimpliContract’s AI-enabled contract management system flags non-compliant clauses and provides risk scores based on predefined parameters, ensuring that all contracts meet internal and external regulations.

Efficient Negotiation: SimpliContract ‘s Nextgen AI CLM platform recommends alternative clauses, provides cross-platform, collaborative tool Microsoft editor where legal teams can seamlessly collaborate, and track redlines, leading to an enhanced negotiation process and reduced TATs.

Insights and Reporting: The intelligent CLM platform provides real-time analytics on contract performance, bottlenecks, and renewal opportunities, helping businesses make informed decisions.

AI-enabled Contract Lifecycle Management: A Strategic Advantage

Incorporating Artificial Intelligence in Contract Lifecycle Management is not just a technological upgrade — it is a strategic business decision. AI-powered contract lifecycle management solution allows enterprises to extract actionable insights from unstructured data, identify revenue leakage, and proactively manage obligations. For enterprises handling high volumes of contracts, SimpliContract’s AI-enabled CLM solutions offer scalability and agility that traditional CLM platforms cannot match.

Moreover, AI CLM improves collaboration by providing a centralized platform where all stakeholders can access, review, and approve contracts. The result is improved turnaround times, reduced legal risks, and enhanced ROI.

Why Choose SimpliContract?

SimpliContract is at the forefront of AI-based contract innovation. It offers an intuitive user interface, powerful AI models, and seamless integration with popular enterprise tools like Salesforce, Microsoft Teams, and DocuSign. Whether you are a growing startup or a large multinational, Simplicontract’s AI Contract Management System can be tailored to meet your specific business needs. With built-in compliance controls, audit trails, and enterprise-grade security, SimpliContract ensures that your contracts are managed in a secure and compliant environment.

Conclusion

AI is transforming how organizations handle legal documents and AI Contract Lifecycle Management is the need of the hour for smooth and efficient contract legal operations. By leveraging Artificial Intelligence in Contract Lifecycle Management, businesses can accelerate contract cycles, minimize risks, and maximize value. SimpliContract stands out as a leading platform in this space, delivering intelligent, efficient, and scalable contract management solutions for modern enterprises.

[jvinay]

The Strategic Value of Buy-Side Contract Lifecycle Management (CLM)

In today’s rapidly evolving business environment, organizations are increasingly recognizing the importance of optimizing their procurement processes. One critical area that has emerged as a focal point is Buy-Side Contract Lifecycle Management (CLM). This specialized approach to contract management ensures that companies can maximize value from their vendor relationships, mitigate risks, and streamline operations. For businesses like QKS Group, leveraging advanced Buy-Side CLM solutions has become a strategic imperative to stay competitive and achieve operational excellence.

Understanding Buy-Side CLM

Buy-Side CLM refers to the processes and tools used to manage contracts with suppliers, vendors, and service providers. Unlike sell-side CLM, which focuses on customer contracts, buy-side CLM emphasizes supplier agreements, procurement workflows, and compliance with contractual obligations. The lifecycle typically includes key stages such as:

Contract Request and Drafting: Identifying the need for a supplier contract and drafting terms that align with business goals.

Negotiation and Approval: Collaborating with vendors to finalize terms and securing internal approvals.

Execution and Storage: Signing the contract and storing it in a centralized repository for easy access.

Performance Management: Monitoring vendor performance against agreed-upon terms and KPIs.

Renewal or Termination: Deciding whether to renew, renegotiate, or terminate contracts as they approach expiration.

Effective Buy-Side CLM ensures that organizations maintain control over these stages, leading to better supplier relationships, cost savings, and reduced risks.

Buy-Side CLM Market Forecast

The Buy-Side Contract Lifecycle Management (CLM) market is expected to witness significant growth over the next decade. Factors such as increasing adoption of digital procurement solutions, advancements in AI-powered CLM platforms, and a growing focus on compliance and risk management are driving this expansion. Companies like QKS Group are at the forefront of this trend, leveraging innovative CLM technologies to gain a competitive edge.

Key Benefits of Buy-Side CLM

For companies like QKS Group, adopting a robust Buy-Side CLM system offers numerous benefits:

1. Improved Cost Management

One of the primary advantages of Buy-Side CLM is its ability to help organizations manage costs more effectively. By automating procurement workflows, companies can identify opportunities for cost savings, track spending against budgets, and avoid unnecessary expenses. Additionally, centralized contract repositories enable businesses to quickly identify maverick spending or off-contract purchases, ensuring compliance with negotiated terms.

2. Enhanced Vendor Relationships

Strong vendor relationships are critical for operational success. A well-implemented Buy-Side CLM platform allows businesses to monitor supplier performance, address issues proactively, and foster collaboration. With access to real-time data and analytics, companies like QKS Group can evaluate vendor reliability and negotiate more favorable terms during renewals.

3. Risk Mitigation

Managing supplier contracts involves navigating a complex web of risks, from regulatory compliance to supply chain disruptions. Buy-Side CLM provides organizations with the tools needed to identify and mitigate these risks. Automated alerts for contract expirations, non-compliance issues, or deviations from terms help organizations maintain control and avoid costly penalties or disputes.

4. Operational Efficiency

Manual contract management processes can be time-consuming and prone to errors. Buy-Side CLM streamlines these tasks by automating workflows, digitizing documents, and providing stakeholders with a single source of truth. For QKS Group, this translates into faster decision-making, reduced administrative overhead, and improved overall efficiency.

Trends Shaping Buy-Side CLM

As technology continues to evolve, Buy-Side CLM is also undergoing significant transformation. Some key trends include:

1. Artificial Intelligence (AI) and Machine Learning

AI-powered CLM platforms are revolutionizing the way contracts are managed. Features such as automated contract analysis, anomaly detection, and predictive analytics enable organizations to uncover hidden risks and opportunities. QKS Group, for instance, leverages AI tools to analyze large volumes of supplier contracts and gain actionable insights.

2. Integration with Enterprise Systems

Modern Buy-Side CLM solutions are increasingly integrated with other enterprise systems such as Enterprise Resource Planning (ERP), Procurement, and Customer Relationship Management (CRM) platforms. This seamless connectivity ensures that contract data flows effortlessly across departments, enabling holistic decision-making.

3. Focus on ESG Compliance

Environmental, Social, and Governance (ESG) considerations are becoming a critical component of supplier management. Organizations are using Buy-Side CLM to ensure that their vendors align with sustainability and ethical standards. For companies like QKS Group, this not only mitigates reputational risks but also enhances their corporate responsibility profile.

Best Practices for Implementing Buy-Side CLM

To derive maximum value from Buy-Side CLM, organizations should follow these best practices:

1. Centralize Contract Data

Storing all supplier contracts in a centralized digital repository ensures that stakeholders can access critical information quickly and efficiently.

2. Automate Workflows

Automating routine tasks such as approval processes, compliance checks, and performance monitoring reduces manual effort and minimizes errors.

3. Regularly Review Contracts

Periodic contract reviews allow organizations to identify areas for improvement, renegotiate terms, or terminate underperforming agreements.

4. Invest in Training

Ensuring that employees are well-versed in using CLM tools is crucial for successful adoption. Training sessions and ongoing support can help teams leverage the platform’s full capabilities.

Conclusion

In an era where procurement efficiency and risk management are paramount, Buy-Side Contract Lifecycle Management has emerged as a game-changer for organizations. By streamlining processes, enhancing supplier relationships, and mitigating risks, CLM empowers companies like QKS Group to achieve their strategic objectives. As technology continues to advance, investing in a robust Buy-Side CLM platform will remain a critical priority for businesses looking to thrive in a competitive marketplace. Furthermore, the Buy-Side Contract Lifecycle Management (CLM) market is poised for rapid growth, underscoring its importance as a cornerstone of modern procurement strategies.

[marketresearchreportss]

Legal Services Market Addressing Diversity And Inclusion In The Industry

Legal Services Industry Overview

The global legal services market size was estimated at USD 952.29 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The increasing adoption of advanced technologies and several macroeconomic factors including growing business competition, commoditization, varying economic growth trends, and Foreign Direct Investment (FDI). There is an emerging trend of businesses employing Alternate Legal Service Providers (ALSPs) for high-demand legal services such as contract management, document review, and litigation support. The law firms are also outsourcing non-revenue generating tasks, including business analysis, project management, and billing and expenses, to ALSPs. This trend will support the market growth in the upcoming years.

Gather more insights about the market drivers, restrains and growth of the Legal Services Market

Furthermore, ALSPs are collaborating with Artificial Intelligence (AI) technology providers to expand the capabilities of their offerings. For instance, in February 2023, QuisLex, one of the leading ALSPs, collaborated with ContractPodAi, the provider of AI-powered Contract Lifecycle Management (CLM) products, to provide technologically advanced contract solutions to their clients.

Businesses globally continue to face an exponential increase in evolving legal duties and regulatory criteria. As organizations expand global operations and services, the number of regulations to comply with increases, creating a demand for an integrated approach to legal Governance, Risk Management, and Compliance (GRC), consequently driving the global legal services market’s growth. Legal services help legal departments within organizations to streamline complexities associated with compliance through services such as matter management, policy management, investigations, and reporting and filing, among others.

Advanced technologies such as Machine Learning (ML) and artificial intelligence help professionals automate some processes and utilize their resources and time on vital legal operations. These technologies enable businesses to draft and evaluate contracts and mining and due diligence of documents. Big data analytics is also projected to offer favorable growth prospects. Law firms can identify new unexplored correlations among data by using ML and AI to large datasets, enabling their increased capacity to mitigate risk, tailor solutions, optimize delivery, and forecast outcomes to consumer demands.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global intelligent evacuation system market was estimated at USD 778.7 million in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030. The increasing awareness of safety, driven by past emergencies and growing concern for well-being, significantly fuels the demand for intelligent evacuation systems.

• The global haptic devices market size was valued at USD 4.78 billion in 2023 and is expected to grow at a CAGR of 16.4% from 2024 to 2030. The growth is attributed to the increasing adoption of haptic technology in gaming and entertainment industries to enhance user experiences.

Legal Services Market Segmentation

Grand View Research has segmented the global legal services market based on service, firm size, provider, and region:

Legal Service Outlook (Revenue, USD Billion, 2018 - 2030) • Taxation • Real Estate • Litigation • Bankruptcy • Labor/Employment • Corporate

Legal Services Firm Size Outlook (Revenue, USD Billion, 2018 - 2030) • Large Firms • Medium Firms • Small Firms

Legal Services Provider Outlook (Revenue, USD Billion, 2018 - 2030) • Private Practicing Attorneys • Legal Business Firms • Government Departments • Others

Legal Services Regional Outlook (Revenue, USD Billion, 2018 - 2030) • North America o U.S. o Canada • Europe o UK o Germany o France o Italy o Spain • Asia Pacific o China o Japan o India o South Korea • Latin America o Brazil o Argentina o Chile • Middle East and Africa o South Africa

Order a free sample PDF of the Legal Services Market Intelligence Study, published by Grand View Research.

Key Companies profiled: • Baker McKenzie LLP • Clifford Chance • Deloitte • DLA Piper LLP • Ernst & Young Global Limited • Kirkland & Ellis LLP • KPMG • Latham & Watkins • PwC • Skadden, Arps, Slate, Meagher & Flom LLP

[razorsignclm]

The Impact of AI-Driven Contract Lifecycle Management (CLM) on Legal Operations 

In today's fast-paced business environment, managing the contract life cycle effectively is critical. Enterprises across industries seek the best CLM software to streamline their contract management processes. Such contract management software tools, especially those focusing on contract lifecycle management software, provide a foundation for efficient legal operations. Among these, CLM Solutions stand out for their ability to optimize every phase of contract management, from inception to conclusion.  

AI-Driven Progress -  

AI-driven contract management represents the frontier of managing legal agreements. Leveraging multi-AI CLM platforms, businesses can experience unparalleled efficiency and accuracy in handling contracts. These platforms enable features such as contract authoring, contract repository, and advanced contract analytics, transforming the way contracts are negotiated, executed, and managed.  

Evolution of Contract Lifecycle Management (CLM) - Contract lifecycle management has come a long way. Traditional methods of managing contracts are no longer sufficient. Modern CLM solutions offer robust features that streamline the entire contract lifecycle, from creation to execution and renewal.  

The Road to Enhanced Legal Operations  

The integration of legal CLM software into the legal operations of a company is a game-chancer. Particularly, contract lifecycle management tools tailored for legal departments like Multi AI-Platform CLM Software for Legal Departments—are redefining efficiency. They are crucial for tasks such as matter management and compliance, providing the necessary leverage for legal teams to manage their workload effectively without necessarily relying on an in-house legal team.  

Why Businesses Need the Best CLM Software ? 

Investing in the best CLM software is essential for any organization looking to enhance efficiency and compliance. These tools provide comprehensive contract management capabilities, including contract lifecycle management, legal operations management, and AI-driven contract management. Such features ensure that businesses can handle contracts with greater accuracy and speed. 

Streamlining Processes with Redlining and Entity Management  

Among the many advancements in this field, redlining contract software and entity management software have significantly reduced the time and complexity involved in contract negotiations. Legal entity management software plays a vital role in maintaining an organized and efficient legal framework within large corporations, which is a core component of a Corporate Legal Operations Platform.  

Financial Management and Digital Transformation  

Another critical aspect of modern CLM solutions is legal spend management software, which offers organizations transparency and control over their legal expenditures. Legal operations management solutions, particularly those that support legal spend management and multi-AI CLM platforms, are essential for businesses aiming to optimize their legal and operational budgets.  

Leveraging AI for Contract Management  

The power of AI in contract management cannot be overstated. From contract authoring to contract intelligence, AI technologies are enabling legal and contract professionals to achieve higher levels of accuracy and efficiency. Cloud-based contract repositories further enhance this efficiency by providing secure and accessible storage solutions for critical documents. 

Role of AI -AI-driven contract management tools are game-changers in the legal field. These tools leverage artificial intelligence to automate routine tasks, identify potential risks, and ensure compliance. Multi AI CLM platforms and multi AI contract management solutions offer unparalleled efficiency, helping legal departments to focus on strategic initiatives.  

Key Features of Leading Contract Management Software  

Leading contract management software includes functionalities like redlining contract software, contract authoring, and contract repository management. These features facilitate seamless collaboration and negotiation, making it easier to finalize agreements.  

Conclusion - As digital transformation continues to reshape legal operations, the importance of integrating comprehensive CLM legal ecosystems into business practices has never been clearer. Contract management without an in-house legal team is now conceivable, thanks to sophisticated CLM solutions that offer everything from contract redlining to legal operations in digital transformation, adopting the best CLM software and integrating it with a robust corporate legal operations platform will be key to staying competitive and compliant. 

[kirnakumar155]

Icertis Ariba

Icertis and Ariba: Transforming Source-to-Pay Through Seamless Contract Management

In the complex world of enterprise procurement, two names stand out: Icertis, a leader in AI-powered contract lifecycle management (CLM), and SAP Ariba, a powerhouse in procurement and spend management. Integrating these platforms offers businesses a powerful solution for streamlining their source-to-pay process, unlocking significant value and efficiency.

What is Contract Lifecycle Management, and Why Does It Matter?

Contract lifecycle management (CLM) encompasses the entire journey of a contract—from creation to negotiation, execution, and post-award management. Effective CLM ensures:

Compliance: Adherence to regulations, internal policies, and negotiated terms.

Visibility: A centralized repository and real-time insights into contract status and obligations.

Efficiency: Reduction in manual work, faster contract cycles, and minimized approval bottlenecks.

Risk mitigation: Proactively identifying potential risks, contractual deviations, and missed deadlines.

Icertis: AI-Powered CLM for the Modern Enterprise

The Icertis Contract Intelligence (ICI) platform leverages artificial intelligence (AI) to revolutionize CLM processes. Critical features of Icertis include:

Intuitive UI: Easy for business and legal users, promoting adoption and streamlined workflows.

AI-powered contract creation: Automatic clause suggestion, template generation, and risk analysis.

Robust negotiation and approval flow: Secure collaboration and electronic signatures.

Obligation and risk tracking: Ensuring obligations are met, and potential risks are flagged.

SAP Ariba: Streamlining Spend Management

SAP Ariba is a comprehensive platform focusing on strategic sourcing, supplier management, and streamlining procure-to-pay (P2P) processes. Ariba enables:

Guided buying: Enforcing compliance through approved catalogs and channels.

Supplier collaboration and risk management: Centralized supplier data, performance tracking, and communication.

Efficient invoice and payment processes: Automation to reduce errors and delays.

The Power of Integration: Icertis + Ariba

Integrating Icertis and Ariba presents a compelling solution for optimizing source-to-pay efficiency and maximizing contract value. Key benefits include:

Seamless Contract Creation: Sourcing events initiated in Ariba trigger contract creation within Icertis, ensuring consistency and compliance.

Centralized repository: One source of truth for all contracts, supplier data, and sourcing information.

End-to-end visibility: Comprehensive, real-time insights into contract status, spending, and compliance metrics.

Risk Reduction: Missed obligations, deviations, and potential bottlenecks are readily identified.

Improved Efficiency: Automation eliminates manual tasks, reduces errors, and speeds up the contracting process.

Use Cases Across Industries

The Icertis-Ariba integration benefits various industries:

Manufacturing: Efficient management of complex supply chain contracts, ensuring material availability and compliance.

Healthcare: Improved management of procurement, patient agreements, and research contracts.

Technology: Streamlined management of software licenses, services agreements, and PDAs.

Embracing the Icertis-Ariba Advantage

By combining Icertis’ AI-powered contract management expertise with Ariba’s robust spend management, organizations gain an unparalleled solution to streamline procurement, optimize contract value, and mitigate risks. If you are seeking to transform your organization’s contract and procurement management processes, exploring the Icertis-Ariba integration is a must.

You can find more information about  SAP ARIBA in this  SAP ARIBA Link

 

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[evoldir]

Fwd: Conference: Mexico.StructuralPhylogenetics.DueMar15

Begin forwarded message: > From: evoldir@evol.biology.mcmaster.ca > Subject: Conference: Mexico.StructuralPhylogenetics.DueMar15 > Date: 5 March 2024 at 06:29:39 GMT > To: rdmpage@gmail.com > > > > > Dear evoldir members, > > We are very excited about this upcoming symposium at SMBE2024 in Mexico in > July 2024, organized in part by several University of Auckland postdocs. > Please forward to your networks as you see fit. > > Details about deadlines and travel awards follow. Thanks very much! > Cheers, Nick > > > CALL FOR ABSTRACTS: Structural Phylogenetics Symposium at SMBE 2024 in > Puerto Vallarta, Mexico! > > Explore cutting-edge methodologies & applications  peering into > evolutionary history with the lens of protein structure. > > Abstracts due March 15, 2024: https://smbe2024.org > > Application for a travel award is also available: > https://ift.tt/lBT3IAJ > > Symposium description: > > https://smbe2024.org > Submission of abstracts is now open! > > Deadline for abstracts: March 15th, 2024 > > July 7-11, 2024 > Puerto Vallarta, Mexico > Convention Center Puerto Vallarta > SMBE 2024 > > SMBE 2024 > Accepted Symposia > > Topic 1: Phylogenetics and Comparative Genomics. > > 1. Structural phylogenetics: investigating deep evolutionary history using > protein structure. > > Organizers: Caroline Puente-Lelievre, Jordan Douglas, Ashar Malik. > > Invited speakers: Betul Kacar, Martin Steinegger. > > Description or the symposium: > > Recent advances in AI protein structure predictions have revolutionised > biological research. The implications for phylogenetics may be vast. The > combination of (1) high-quality structure predictions for millions of > proteins with (2) methods that can efficiently include this information in > homology searches and the reconstruction of protein history (via structural > distance metrics, or FoldSeek's representation of tertiary structure as a > sequence of characters) raises the possibility of more accurate > phylogenetics even into the "twilight zone" where amino acid sequence > similarity has been lost. Structural phylogenetics thus emerges as an > increasingly practicable discipline that combines structural, evolutionary, > and computational biology to inform deep relationships and evolutionary > events, even those that predate the last universal common ancestor. This > symposium showcases structural phylogenetic methodologies and applications, > either for inferring phylogeny or reconstructing the evolution of ancestral > structures and functions, and is aimed at fostering state-of-the-art > interdisciplinary work from researchers from a variety of disciplines and > career stages. > > Recent papers: > > Puente-Lelievre, Caroline; Malik, Ashar J.; Douglas, Jordan; Ascher, David; > Baker, Matthew; Allison, Jane; Poole, Anthony; Lundin, Daniel; Fullmer, > Matthew; Bouckert, Remco; Kim, Hyunbin; Steinegger, Martin; Matzke, > Nicholas J. (2023). Tertiary-interaction characters enable fast, > model-based structural phylogenetics beyond the twilight zone. bioRxiv, > 571181. December 12, 2023. > https://ift.tt/eawFYJ3 > https://ift.tt/s5yKgHp > > van Kempen M, Kim SS, Tumescheit C, Mirdita M, Lee J, Gilchrist CLM, S�ding > J, Steinegger M. Fast and accurate protein structure search with Foldseek. > Nat Biotechnol. doi: 10.1038/s41587-023-01773-0 > > Moi, David; Bernard, Charles; Steinegger, Martin; Nevers, Yannis; Langleib, > Mauricio; Dessimoz, Christophe (2023). Structural phylogenetics unravels > the evolutionary diversification of communication systems in gram-positive > bacteria and their viruses. bioRxiv 2023.09.19.558401. doi: > 10.1101/2023.09.19.558401 > > > nickmatzke.ncse@gmail.com > > (to subscribe/unsubscribe the EvolDir send mail to > golding@mcmaster.ca

[jenniferlaw820]

Hyperautomation: The Future of Work in the Digital Age 2024

Global Hyperautomation Market is expected to reach USD 18.91 Billion by the year 2028, at a CAGR of 21.75%.

Hyper automation is a business-centric, disciplined approach that organizations use to quickly identify, inspect, and automate as many business and IT processes as possible. Hyper automation entails the methodical application of numerous technologies. Through the use of technologies like robotic process automation (RPA), low-code application platforms (LCAP), artificial intelligence (AI), and virtual assistants, hyper-automation enables businesses to swiftly discover and automate as many activities as they can. Software that is process agnostic is most in demand as a key enabler of the ultra-automated trend.

The productivity of legal support staff has increased thanks to AI and hyper-automation in legal technology, especially in in-house and contract law firms. The invention, implementation, and maintenance of legal workflows, practices, and data mining that are based on pre-established norms are referred to as legal automation. Software engineering's subfield of automation focuses on the modeling, development, analysis, control, and implementation of legal software systems. The software used to automate the process of bank automation requires advances in both hardware and software technologies.

📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 >> https://introspectivemarketresearch.com/request/16094

With the use of many technologies, including robotic process automation (RPA), artificial intelligence (AI), and machine learning, hyper-automation offers complete automation of office chores. However, the office Processes, tools, and goals are continually changing, which puts a strain on hyper automation and requires office staff to be highly adaptable and flexible.

The most common standard procedures can be automated thanks to business process management (BPM) tools, yet less visible, less common, but incredibly repetitive, boring operations are still carried out by hand. A new approach, one that is more adaptive, intelligent, and powerful while also being less centralized and standardized, is needed to automate these activities.

Segments Covered :

By Enterprise Size

SMEs

Large Enterprise

By Technology

Artificial Intelligence

Machine Learning

Robotic Process Automation

Others

By End Use

IT & Telecom

BFSI

Manufacturing

Retail

Automotive

Others

This report offers a classification of the market into imminent and niche sectors. Furthermore, this research study calculates the market size and its development drift at global, regional, and country levels from 2023 to 2028. This report contains the market breakdown and its revenue estimation by classifying it on the basis of Enterprise Size, Technology, End Users, and region:

Recent Key Developments of Hyper Automation Market :

Vuram, the Hyperautomation services company that focuses on low-code enterprise automation declared the launch of the upgraded Contract Management System solution at the US edition of the Hyperautomation Expo 2021. Vuram's new Contract Management Solution is loaded with new features to tackle modern contract lifecycle management (CLM) challenges.

JK Tech, a global IT solutions company, has partnered with Evolute IQ, a market-leading ultra-automated technology company. Through this strategic alliance, JK Tech will use the e.IQ Low-code / No code Hyperautomation platform to co-develop innovative business solutions for claims, compliance, financial services, healthcare, retail customer journey management, and CPG.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://introspectivemarketresearch.com/inquiry/16094

Players Covered in Hyper Automation market are :

SolveXia

Mitsubishi Electric Corporation

Wipro Limited

Catalytic Inc.

Appian

Tata Consultancy Services Ltd.

OneGlobe LLC

Automation Anywhere Inc

JK Tech

Vuram Technologies

IBM

Oracle and others major players.

About us :

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

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USA Ph no: +1-773-382-1049

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[simplicontract1]

The Future of Legal Contract Management: Why Traditional Tools Are No Longer Enough

As legal operations become a strategic cornerstone of modern enterprises, the way businesses manage contracts must evolve to keep pace. Traditional methods of legal contract management — reliant on paper-based workflows, manual oversights, and basic spreadsheets — are no longer sufficient to manage the growing volume, complexity, and risks associated with modern contracts. As organizations scale and regulatory demands intensify, the need for intelligent software contract management solutions that provide data-driven insights has become paramount. This is where cutting-edge platforms like SimpliContract’s GenAI contract assistant are revolutionizing the way legal teams streamline, analyze, and execute contract processes.

The Limitations of Traditional Tools

For years, businesses have relied on manual processes and basic contract management tools to draft, store, and track legal agreements. However, these systems often fall short in several critical areas:

Inefficiency and Time Consumption: Manual contract review and data extraction are time-consuming and prone to human error. Legal professionals often spend hours sifting through contracts, looking for key clauses, terms, and dates.

Limited Risk Assessment: Traditional contract management solutions do not offer real-time analysis of contract risks, leaving legal teams vulnerable to oversight. Often, businesses only discover problematic clauses after contracts are already signed.

Lack of Customization: Legacy systems are rarely customizable to specific needs, which can lead to misalignment with the unique requirements of different contract types or industries.

Data Silos: Managing contracts across different departments or geographic locations can result in fragmented data that is difficult to access, analyze, and report on, complicating decision-making.

Enter Software Contract Management with Next GenAI

The future of legal contract management lies in NextGen AI-powered software solutions like SimpliContract's GenAI CLM platform to deliver smarter, more efficient contract management, allowing businesses to manage their contracts with a level of precision and speed that traditional methods simply cannot match.

GenAI powered contract management goes beyond mere data extraction. It offers in-depth analysis, reviewing and discovering deeper insights into contract data. By evaluating the components of a contract in real time, SimpliContract’s AI assistant Risk Analyzer flags risky clauses and terms for focused legal review. This capability allows teams to assess risk proactively, ensuring that they identify potential issues before they escalate.

Real Time Risk Management

With the power of GenAI, risk management becomes more dynamic and tailored. The GenAI-CLM platform enables users to set varying risk thresholds based on contract type, jurisdiction, industry, and other factors. This configuration allows businesses to prioritize reviews and focus on the most critical issues. Risk reports are generated to highlight top risks, and a risk dashboard presents filterable data points, enabling legal teams to take swift, informed actions.

In a real-world scenario, imagine reviewing a Master Services Agreement in Microsoft Word. With SimpliContract’s integrated risk analyzer, a sidebar highlights a termination clause with a high-risk score of 8/10. Suggested revisions, such as extending the notice period to 180 days, are presented alongside, enabling legal professionals to make informed decisions quickly.

AI Powered Redlining and Review

One of the standout features of SimpliContract is its redline assembly capability. Using AI-driven templates, SimpliContract automatically generates redlines based on a company’s playbook, tailoring them to contract type, region, and specific definitions. This ensures that the contract review process is consistent and aligned with organizational standards.

Moreover, GenAI can also suggest edits that help remediate risks by providing clear issue summaries. These edits can be automatically inserted into the contract, streamlining the review process and reducing the risk of errors.

Efficient Collaboration and Decision-Making Process

Another advantage of AI-powered contract management is its ability to foster collaboration and improve decision making across teams. SimpliContract integrates seamlessly with tools like Microsoft Word, and it allows contracts to be easily shared with leadership for approval. At-risk clauses can be sent directly to decision-makers' inboxes for quick review and feedback, ensuring that the process moves forward without unnecessary delays.

For General Counsel and Legal Operations teams, SimpliContract provides powerful insights into negotiation trends, compliance risks, and contract exceptions. The platform’s customizable dashboards and visualizations offer a bird’s-eye view of key contract metrics, supporting better decision-making across the organization.

Why Next GenAI is the Future of Legal Contract Management

As businesses increasingly adopt AI-powered contract management solutions, traditional contract management methods are becoming obsolete. Platforms like SimpliContract not only automate time-consuming tasks but also enhance risk management, improve collaboration, and deliver deep insights that were previously out of reach.

The ability to analyze contracts in real time, identify risks proactively, and customize processes based on industry needs ensures that legal teams can move faster and make smarter decisions. With GenAI at the helm, the future of legal contract management is bright, streamlined with proactive risk management system.

By embracing advanced AI contract management solutions, businesses can gain a competitive edge, mitigate legal risks, and ensure that their contracts are always in compliance with evolving regulations. As the business world continues to evolve, so must the tools we use to manage contracts. Traditional methods are no longer enough. It is time to upgrade to intelligent contract management solutions that can keep pace with the future.

[sodarris]

What is Contract Lifecycle Management Software?

Contract Lifecycle Management software, or CLM, automates and optimizes each of the contract stages: creation, negotiation, approval, signing, and renewal. This helps legal and other departments improve business performance, mitigate risk, and accelerate revenue growth.

iContract is a fully-featured enterprise contract management system that’s built on a no-code platform and designed to grow with your company. It offers best practice contract processes, centralized contracts repository, seamless CRM integration and AI powered metadata extraction.

Creation

Contract creation can be the most time-consuming and complex part of the contract lifecycle. Manual contract creation methods force a contract manager to personally oversee every step of the process and remind everyone involved of their assigned tasks.

Contract management software makes it easier to create contracts with built-in templates and clause libraries. It also streamlines the creation and negotiation process with workflow automation, cutting approval times and eliminating bottlenecks.

Once contracts are created, they need to be filed and organized so they can easily be accessed when needed. A contract repository is a cloud-based system that stores and organizes contracts for easy searching and access. This prevents a contract from being lost or misplaced and also ensures that any amendments or changes to the contract can be easily located. It also helps ensure that compliance with regulations and other standards is maintained.

Negotiation

Contract management software streamlines the entire contract workflow from creation, negotiation, signing, and performance to renewal or expiration. It automates key processes and eliminates manual steps prone to errors, delays, and bottlenecks. It also reduces compliance risk and maximizes opportunity realization.

The contract writing stage is often the bottleneck for legal, procurement, sales, and finance departments. CLM software provides a collaborative, centralized contract writing process that helps you cut turnaround times and negotiate savings. It features a dynamic clause library, automatic redlining and comparison, and smart workflow automation that enables you to keep track of critical dates and deadlines.

Contract negotiation can get messy — version after version gets exchanged and it’s hard to keep track of which one you are working with. A cloud CLM system solves this problem with a feature that allows you to store each and every contract version so you can easily compare them. It also enables you to streamline and organize the back and forth negotiating process with a streamlined userfriendly and configurable online negotiation collaboration and signing process. It also ensures everyone has access to the right documents by using secure and customizable permission settings.

Approval

Contracts are the engine that drives sales, yet their management is often a complex manual process. A contract lifecycle management solution automates and digitizes these analog processes, accelerating them and minimizing risk for all stakeholders.

Once a contract draft is complete, the next step is for internal reviewers to approve it. Many contract management solutions provide a built-in review platform to streamline the process and eliminate bottlenecks. In some cases, the contract may be automatically routed to legal for a final review.

Contract management software usually separates approvals (internal sign-offs) from signing (physically putting your signature on the contract). This allows teams to track status and turnaround times and ensure that contracts are ready for execution. Some solutions also include a clause library with pre-approved fallback language to streamline the negotiation stage. This enables teams to quickly prepare contracts with less lawyer involvement, saving valuable time and money. Some CLM software also offers seamless integrations with Systems of Record, such as CRMs, to make creating and sending contracts faster and more convenient for commercial teams.

Signing

Once contracts are negotiated, approved and signed, they require ongoing management as well as renewals. Contract Lifecycle Management provides contract management at every stage of this process by facilitating collaborative workflows for all stakeholders. This includes contract drafting, storing, tracking and retrieving as well as managing revisions and renewals. Unlike other solutions such as contract negotiation software or contract reminder tools that only focus on one aspect of this process, CLM solutions offer features useful at every stage.

Good contract management also involves a central, easy-to-access repository that keeps contracts organized and accessible to all stakeholders. A robust repository also provides contract analytics to help identify issues such as unenforceable clauses, overdue milestones and obligations.

The best contract management also streamlines the contracting process with e-signatures, automated approval requests and user-friendly interfaces. It may even enable no-touch contract creation within line-of-business systems like CRM, sourcing and procurement to expedite contract turnaround times and reduce legal operating costs. It should also provide key date and task alerts, obligation and compliance reporting as well as a full audit trail of changes.

Renewal

Contract Lifecycle Management software streamlines contract development and approval processes, codifies document storage and retrieval, and establishes a process for evaluating and renewing contracts based on accepted criteria. It’s more than just a tool for managing contracts; it helps businesses minimize legal risk and improve efficiency.

Contract workflow automation reduces the likelihood of bottlenecks by reminding departments and personnel to complete their assigned tasks and by ensuring that everyone involved in the process is performing their duties at all times. This dramatically cuts the time required to get contracts approved and signed.

Using CLM software makes it easy for all parties to access contracts and related documents any time, anywhere — no more chasing down physical copies or trying to keep track of deadlines and requirements in spreadsheets. This centralized repository of contracts also makes it simple to locate and review important documents, avoiding the costly mistakes that can occur when outdated tools are used. In addition, CLM software provides powerful contract analytics tools that make it easy to identify and mitigate risk, improve efficiency and lower costs.

[smartcontracts-blog]

Practical CLM 2023: Building digital maturity

Practical CLM 2023: Building digital maturity

By 2023, 50% of CLM implementations will fail to deliver expected benefits, Gartner had predicted back in 2019. And as we inch closer to 2023, the frustration with CLM does seem to be increasing even though the technology itself is evolving at a lightning-fast pace.

One key reason for the growing CLM pain is companies rushing to chase advanced AI use cases when they haven’t even addressed their critical business risks due to inefficient contracting. A company may store contracts on local hard drives and struggle to stay compliant with sell-side contractual obligations due to the sheer volume. In this scenario, it is prudent to focus on digitizing the lifecycle or at least the post-signature management of just a few contract types that can mitigate the risk, instead of building advanced drafting capabilities powered by AI.

In the pursuit of chasing CLM perfection, contracting leaders often forget the importance of quick wins that prepare them for their ambitious long-term goals while also reinstating the confidence of leadership and other stakeholders that the implementation is moving in the right direction.

Introducing Impact First methodology

With the understanding that a generic approach can not work for a function as complex as contracting, we have embraced the ‘Impact First’ methodology at smartContract, which gives our clients the flexibility to phase out their CLM implementation path in a way that complements their process maturity.

It means that we will work with our customers in consequent, small cycles to solve the most pressing challenges or start strategic initiatives that build CLM maturity while following a provisional roadmap for advanced use cases. This enables us to quickly solve critical challenges while building the foundation to align contracting processes with broader business objectives. For example, when COVID-19 led to a boom in IT services, the legal department of one industry giant got overwhelmed with contract requests. This was at the time when legal’s ability to engage and support was already exacerbated by an abrupt switch to remote working. In a few weeks, it became clear that contracting needed to be more streamlined and CLM was the obvious solution. The most pressing need was to digitize sell-side contracting, in particular, the process to execute MSA. Even though it is one of the most complex agreements signed by the company, smartContract was fully prepared with the technology and experience to support them. We were able to go live with the MSA within a couple of months and the average cycle time was reduced to just 1 week from 4+ weeks within just 6 months.

Consequently, we migrated all sell-side contracts to our full-scale contract repository with an ML-powered search engine that quickly gets a user to the information they need. Over the next quarter, the roadmap included automating high-volume, low-risk contracts like NDAs that engaged stakeholders from across the organization. Although these sprints led to some bumps along the path, the lessons learned enabled the IT services giant to digitize new contract types in a matter of few days. The company is now preparing for an ambitious use case that will enable cross-functional collaboration and insights with purposeful integrations.

Also Read: Practical CLM 2023: Breaking the change management impasse

[productvisualizationsoftware]

Enterprise software with CPQ profits the eCommerce Industry

Businesses may manage more sophisticated customizable items and their quotes thanks to enterprise software with CPQ pricing software. All organizations have begun to focus on CPQ solutions to enhance customer interaction as the demand for more personalized products has risen.

A better customer experience translates into more outstanding sales outcomes and ROI. There is no better method to show how Configure Price & Quote(CPQ) helps businesses meet the expectations of modern customers and generate remarkable sales.

Today’s B2B clients want quick results, much like B2C clients, and don’t want to wait for bids. To provide the best client experience, enterprise software with CPQ pricing software is also moving towards real-time quotation modeling.

The possibilities for shipping and making payments have improved because of technological developments like Big Data, ERP, and cloud-based enterprise software with CPQ. By facilitating quick and affordable purchases with quantity discounts, pricing comparisons, approval workflows, and multi-user accounts, CPQ pricing software significantly alters eCommerce businesses.

Let’s discuss in brief how CPQ improves the eCommerce Industry.

The way through which CPQ improves the eCommerce Industry

There are many advantages to using CPQ software for improving enterprise software with CPQ, which are vital to business success. Here are a few reasons why using CPQ software for eCommerce businesses can help them to grow faster.

1. Offer faster results:

Modern customers want faster manufacturing processes and B2B purchasing, made possible by CPQ systems with virtual product configurators. Producing intricate quotes in a matter of seconds also helps. If the customer rejects a given quote, a company can instantly generate another one. CPQ can accommodate speed and velocity to companies that support services and subscriptions, which would broaden its market even though it is frequently associated with manufacturing due to the complexity of piece parts.

2.Quotes accuracy:

Although responses are delivered quickly, precise quotes enhance the customer experience. Customers used to frequently suffer issues with bids and configurations, which resulted in a terrible experience that led a client to switch. However, businesses are now expediting the process of the final contract intervention on terms and pricing with the use of Contract Lifecycle Management (CLM) to ensure that the intervention process doesn’t result in a negative customer experience.

An AI-powered CPQ software engine facilitates dynamic quotation styles. It uses data to identify purchasing tendencies and analyze price trends to suggest real-time offers that closely match client expectations.

3.Hyper personalization:

Personalization is crucial for engaging customers and turning them into loyal customers in the digital age. Top CPQ software enables further customization in the B2B market. For instance, businesses might provide customers with specialized catalogs and prices. Partners can create custom catalogs based on their unique requirements. To show your customers that you value and care about them, business software with CPQ must be personalized.

4.Consultative Sales Process:

Enterprise software with CPQ and sales agents can facilitate a more individualized and consultative B2B customer experience for their prospects during the sales process. Everything has become smoother and more efficient thanks to the productivity and time savings that CPQ pricing software offers. Top CPQ software also aids in automating the process, allowing your reps to concentrate on other facets of consumers’ wants to comprehend their needs and problem spots. In the end, smooth client contact, improved responsiveness, and a more engaging B2B customer experience results. Sales teams and prospects may spend more time creating a compelling eCommerce experience using the CPQ pricing software instead of wasting time in bargaining.

Conclusion

B2B companies are renowned for providing the best customer experiences and constantly looking for novel approaches to improve their business productivity by engaging more and more customers. CPQ software vendors like KBMax are necessary as they help companies to scale all business operations and teams. Usually, organizations find themselves functioning inefficiently because of misallocated resources or momentum-defeating process defenses.

However, there are no silos because our CPQ pricing software has integrated with other enterprise tools to maximize resource utilization.

[mellowballoonluminary]

Breaking it down

We began by separating the start to finish CLM process into its structure blocks and viewed that as - from the snapshot of getting an agreement to putting away, surveying, increasing, sharing, pondering and concluding - that there was immeasurably an excess of time squandered. An excess of time passed among start and follow through with by ordinary jobs that pulled gifted individuals from higher worth work.

As opposed to addressing for the whole CLM process immediately, we zeroed in on key problem areas and settling each with best of breed administrations. Since Box has constructed a cutting edge reference design, we were strategically set up. This steady and lithe methodology began to convey esteem all the more rapidly as well as decreased the change the board endeavors as they were in more modest edible advances that were fanned out over the long run.

Best of breed establishment The establishment for our cycle design is Box content administration and work process increased with administrations that we were at that point utilizing like mxHero for email connection knowledge and DocuSign for virtual endorsements, O365 for contract altering and discussion, Crooze for detailing, examination and commitments the executives, and Ephesoft for meta information insight extraction and labeling. Ephesoft likewise use computer based intelligence and ML to add insight to unstructured information and flawlessly integrates with the new Box Abilities AI system. For beginning purchase side agreement audits, we are additionally investigating utilizing other artificial intelligence/ML based administrations like Lawgeex.

Also Read : How artificial intelligence is changing banking

The result: greatest efficiency This is only one illustration of how we're continually connecting with our groups and auditing process information to recognize amazing open doors for computerization and digitization. We want to take this structure and apply it across each business cycle and work stream, at last enabling our representatives to arrive at greatest efficiency and do their most elevated esteem work.

While our methodology might add a specific degree of intricacy because of the numerous connections that should be made due, eventually it gives us greater adaptability and spryness in our design and cycles. It empowers us to effortlessly change out administrations if something new as well as better were to arise and to use the biological system of advancement that our accomplices give ceaselessly. We believe this to be the North Star for fast ceaseless improvement and digitization.

[razorsignclm]

Streamlining Contract Redlining: Key to Successful Contract Management (CLM)

In the realm of Contract Negotiations, there exists a crucial process that serves as the linchpin for successful agreements—redlining. This method of editing and marking contract terms during negotiations has evolved significantly over the years, transitioning from traditional manual processes to modern digital solutions. 

The Origins of Redlining: The term "redlining" originated from the practice of marking up hard copy drafts of contracts with red ink. Each party involved in the negotiation process would meticulously review the document, identifying areas of contention or proposed changes. This manual process, while effective in its time, was labor-intensive and time-consuming. 

The Evolution of Redlining: With the advent of technology, redlining has undergone a transformation. Cloud-based platforms and digital tools have revolutionized the way contracts are negotiated and managed. Gone are the days of physical copies and red markers; today, legal teams can collaborate in real-time, making edits and revisions seamlessly. 

The Role of Technology: Cloud-based Contract Lifecycle Management (CLM) software has emerged as a game-changer in contract management. These platforms offer built-in redlining editors, enabling stakeholders to review and edit contracts simultaneously. This level of efficiency and collaboration streamlines the negotiation process, leading to faster agreements and improved outcomes. 

Navigating the Challenges: Implementing redlining tools can present challenges, including finding the right solution and ensuring user adoption. However, with proper training and support, these obstacles can be overcome. The key is to choose a CLM platform that aligns with your organization's needs and provides robust redlining capabilities. 

Maximizing Efficiency: Redlining is not just about marking up contracts; it's about driving efficiency and achieving consensus among parties. By leveraging technology and adopting best practices, organizations can streamline their contract negotiation process and minimize delays. 

The Future of Redlining: As technology continues to advance, the future of redlining looks promising. Artificial intelligence (AI) and machine learning algorithms are being integrated into CLM platforms, offering predictive analytics and intelligent contract drafting capabilities. These advancements will further enhance efficiency and accuracy in contract negotiations. 

Empowering Your Legal Team: To excel in contract negotiations, organizations must empower their legal teams with the right tools and resources. Investing in modern CLM software with robust redlining features is essential for staying competitive in today's fast-paced business landscape. 

Conclusion: Redlining remains a critical component of contract negotiations, serving as a catalyst for collaboration and agreement. By embracing technology and best practices, organizations can master the art and science of redlining, leading to more successful outcomes and stronger partnerships.

[kirnakumar155]

Ariba Icertis

Ariba vs. Icertis: Not Rivals, But Partners in Transforming Procurement In the dynamic world of enterprise procurement software, two significant players often come up in conversation: SAP Ariba and Icertis. While they might seem like competitors on the surface, the reality is that these powerful platforms excel in different areas and, when integrated, offer a comprehensive, best-of-breed approach to source-to-pay transformation. Understanding Ariba: The Master of Spend Management SAP Ariba is widely recognized as a leader in spend management. Its key strengths lie within its robust suite of solutions designed to streamline and optimize the entire procurement process. Here’s what Ariba does exceptionally well: Strategic Sourcing: Ariba provides in-depth analysis tools, guided buying capabilities, and sophisticated sourcing event management to help organizations identify the best suppliers and negotiate favorable terms. Purchase Order Management: It establishes control and visibility over purchase orders, enabling efficient order creation, tracking, and approval flows. Invoice Management: It streamlines invoice processing and payments, reducing errors and facilitating timely vendor payments. Supplier Network: Through the Ariba Network, it offers a vast directory of suppliers, fostering collaboration and driving greater efficiency. Understanding Icertis: The Champion of Contract Intelligence Icertis, on the other hand, focuses on the often neglected yet equally important domain of contract lifecycle management (CLM). It brings intelligence and structure to the contracting process through its AI-powered Icertis Contract Intelligence (ICI) platform. Icertis stands out in the following areas: Contract Creation and Negotiation: Provides intuitive contract authoring tools, clause libraries, and intelligent redlining capabilities to create and negotiate contracts effectively. Central Contract Repository: This repository serves as a centralized hub for all contracts, ensuring easy access, version control, and auditability. Contract Risk Management: Uses AI to analyze contracts, surfacing potential risks, compliance issues, and hidden opportunities. Obligation Tracking: Continuously monitors contract terms and conditions, alerting stakeholders to upcoming deadlines, renewals, and performance milestones. The Power of Integration: Where Ariba and Icertis Shine Together While Ariba and Icertis are robust standalone solutions, their synergy comes to light when they work together. A seamless integration between the two platforms unlocks a transformative end-to-end procurement experience. Here’s how: Sourcing to Contracting Handoff: Sourcing events in Ariba can trigger the contract creation process in Icertis, ensuring data consistency and eliminating manual errors. Contract Data and Spend Visibility: Contract metadata and obligations tracked in Icertis can be fed into Ariba’s spend analysis tools, providing a more holistic view of procurement activities and their financial implications. Compliance and Risk Mitigation: The pairing enhances compliance by aligning contracts with established sourcing best practices defined in Ariba while also proactively mitigating risks identified by Icertis’ AI. The Future of Procurement The combination of Ariba and Icertis is rapidly becoming the go-to solution for organizations seeking to elevate their procurement function. As the emphasis on contract intelligence and data-driven insights grows, these platforms’ complementary nature will continue to prove invaluable for achieving procurement excellence.

You can find more information about  SAP ARIBA in this  SAP ARIBA Link

 

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