Docusign and SAP Transform Agreement Processes
Docusign, a global leader in intelligent agreement management, has unveiled its Docusign Connector for SAP Ariba solutions. The integration will offer automated workflows between Docusign CLM and SAP Ariba solutions to help businesses accelerate time to value and eliminate friction in source-to-pay agreement processes.
This new offer will be available from September 2024 and was demonstrated at its unveiling at SAP Sapphire events in Orlando, Florida in the US, and in Barcelona, Spain. This launch reinforces Docusign's commitment to its partnership with SAP and its vision to transform agreement processes across the source-to-pay workflow.
The evolving landscape of procurement
As the landscape for procurement continues to evolve rapidly, organisations are struggling with the limited visibility into contracts, inefficient approval handoffs and disconnected tools across the contracting process.
These challenges lead to inefficient procurement cycles, contracting going rogue, undesired auto-renewals and a drop in the value of contracts. According to a Deloitte study, undertaken alongside Docusign, Unlocking the Value of Agreement Management, it found that nearly US$2tn is being lost in global economic value each year due to poor agreement management practices and systems with procurement teams missing over US$1m in savings due to contractual incentives.
SAP and Docusign - driving innovation
Docusign outlines its commitment to finding solving these challenges through its long-standing partnership with SAP. As a leader in CLM, Docusign is an innovative solution to assist its customers achieve their business goals by streamlining source-to-pay workflows. In recognition of its valuable contributions toward SAP's cloud growth ambitions for customers, SAP recently awarded Docusign an SAP Global Intelligent Spend and Business Network Partner Excellence Award in the Partner Solutions Success category.
“In partnership with SAP, we’re able to deliver innovative solutions for our shared customers that drive efficiency across the source-to-pay journey and unlock actionable insights within contracts,” says Dmitri Krakovsky, Chief Product Officer at Docusign.
“Docusign Connector for SAP Ariba solutions is our latest offering that is built upon our powerful new Docusign IAM platform, which will help organisations make smarter decisions and achieve greater value from their supplier relationships.”
Connecting with SAP Ariba solutions
Docusign Connector for SAP Ariba solutions will help speed up the time-to-value and eliminate friction in source-to-pay agreement processes with streamlined collaboration, automation and integrations with SAP Systems. Organisations can create new vendor agreements faster, integrate third-party agreements and manage workflow tasks across Docusign CLM and SAP Ariba solutions, while enhancing the overall customer, vendor, partner and employee experience.
- Streamlined collaboration: Enable teams to work together easily with a natively integrated user experience between DocuSign and SAP Ariba.
- Automated workflow routing: Easily assign and manage tasks between the DocuSign and SAP Ariba solutions, improving collaboration and streamlining the process.
- Enhanced data synchronisation: Eliminate manual data entry by automatically synchronising data sharing between DocuSign and SAP Ariba solutions, helping to reduce errors and ensure consistency.
- Improved agreement management: Generate new agreements with key sourcing data from SAP Ariba solutions, ingest third-party documents into DocuSign from contract workspaces within SAP Ariba solutions, and maintain a full audit history for agreements in both systems.
The new Docusign Connector for SAP Ariba solutions will be available globally starting in September. It will help businesses streamline source-to-pay agreement processes.
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