![]() ![]() SAP Ariba's cloud-based contract management solution facilitates collaboration on contracts with all involved, including internal groups and external partners. The contract creation workflow from request to approval to signature and publication provides a simplified, intuitive interface in a single solution. SAP Ariba Contracts allows the creation of contracts through drag-and-drop document imports, seamless editing in Word templates and associated clause management. This, combined with an overview of the portfolio in a dynamic but structured form, will enable the client to assess potential risks earlier and act proactively. All contract data can be provided in a standardized format and is centrally available and linked to the original contracts. This enables clients to gain a more detailed understanding of complex relationships in their contracts, leading to faster decisions with greater certainty. Ignite offers an adaptable analysis environment that allows extracting, classifying and prioritizing contract data efficiently and cost-effectively. KPMG's AI platform Ignite combined with KPMG's partnerships with leading technology partners, such as leading cloud service providers, allows us to integrate the most appropriate technology for each client challenge. ![]() Moreover, the portfolio is rounded off by highly skilled staff who contribute relevant domain knowledge to develop customized innovations based on new technologies. KPMG's cognitive document processing solution is based on innovative, modular cognitive functionalities and includes methods, tools, approaches and resources focused on improving transparency, consistency, efficiency and time for making decisions and taking action. In addition, most of the contracts are not digitized, requiring a lot of manual effort to extract the right information from the contracts and to get an overview of the contracts and the respective terms and conditions. ![]() The large number of leases as well as local specifications in leasing such as currency and language make the analysis of these contracts even more complex. Moreover, the measurement and analysis of leases is time-consuming. For example: IFRS16 reform involves fundamental changes for lessees. Usually, this is done by expensive experts in an error-prone process. Many companies face the challenge of managing a large number of different contracts with varying effects on the company. ![]()
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