SAP Contract Lifecycle Management (SAP CLM)

Standardized contract management for reduced risk and enhanced compliance

SAP software helps procurement professionals manage the full contract lifecycle with
approved contract templates, efficient workflow approval processes, search functionality,
and automated contract monitoring and alerts. This comprehensive tool offers visibility
into the full contract lifecycle, gives users control over contract authoring, and provides
information to support negotiation processes. Using these features, procurement
personnel can reduce cycle time; more effectively manage risk, create sustainable cost
savings, and make better decisions.
The SAP Contract Lifecycle Management (SAP CLM) application enables proactive
management of all aspects of the life of a contract, from strategy and creation to
negotiations and finalization and from contract visibility to internal and external
compliance and performance management. SAP CLM supports the contract management
process and also enables contract execution and compliance with operational contracts
via standard integration to the SAP ERP and SAP Supplier Relationship Management
applications.
Key Capabilities:
o Legal contract creation
o Contract repository
o Contract compliance management
o Contract process and project management
o User-defined objects and forms
o Contract performance management
o Third-party and supplier data management
o User workbench, dashboards, and reporting

SAP Extended Sourcing

This package enables capabilities for advanced sourcing and supplier qualification, enduser bid solicitation, contract management, project management, and operational analysis

and reporting. Its features support complex supplier qualification and evaluation
processes, including a broad library of predefined project and RFx event templates,
auction tools, complex question types, multicurrency bidding, tiered pricing, total cost
modeling, robust automated and team-based proposal scoring, constraint-based bid
optimization, and the ability to award to selected suppliers.
Features from the SAP Contract Lifecycle Management application are included within
the SAP Extended Sourcing package and provide the ability to create and manage
procurement contracts through an extensive template library, a sophisticated clause
library, integration with Microsoft Word, and advanced workflow review and approval.
The project management features provide centralized project workspaces, including task
and team management, collaboration tools, and reporting views into all sourcing
activities based on role and system authorizations.
Integration with operational procurement and contracts in the SAP Supplier Relationship
Management and SAP ERP applications is enabled via standard integrations, including
master data synchronization and closed-loop process support.
Key Capabilities:
o Supplier self-registration
o Advanced supplier qualification
o Advanced request for proposal
o End-user bid solicitation
o Sophisticated auctions
o Bid optimization
o Procurement contracts through SAP Contract Lifecycle Management
o Project management
o User-defined objects and forms
o User workbench, dashboards, and reporting
o Standard integration with SAP SRM and SAP ERP