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1. Key Features
Centralized Repository: SAP Ariba Contracts provides a centralized repository for all contracts. This allows for better traceability and secure electronic storage, ensuring that contracts are easily accessible when needed.
Automation: The software automates various contract management processes, including contract requests, authoring, workflows, negotiation, approval, and execution. This automation not only reduces costs but also improves relationships.
Real-time Monitoring: SAP Ariba Contracts offers real-time monitoring of spend history and compliance. This feature allows businesses to keep track of their spending and ensure they are adhering to all relevant regulations and standards.