Spend Management Solutions
The SAP Strategic Procurement package, combined with Icertis Contract Intelligence, delivers a robust solution designed specifically for the complex demands of the Engineering, Construction, and Operations (EC&O) industry. By seamlessly integrating advanced sourcing capabilities, contract lifecycle management, and supplier collaboration, this solution empowers EC&O firms to manage high-value procurement activities with greater confidence, agility, and control. This unified platform delivers end-to-end visibility across sourcing and contract processes, enabling firms to manage complex supplier ecosystems, drive better sourcing decisions, ensure compliance, and reduce contractual and operational risk. The combination of SAP Ariba’s intelligent sourcing with Icertis’ AI-powered contract management ensures supplier agreements are aligned to budget, timeline, and regulatory standards from day one. Additionally, SAP Joule, the generative AI assistant, enhances productivity across the sourcing and contracting lifecycle. Joule provides real-time insights and hands-free navigation, allowing procurement professionals to interact with sourcing and supplier data via natural language. From surfacing risk exposure in seconds to initiating engagement requests or setting up reminders, Joule streamlines work and unlocks greater decision-making speed.
End-to-end procurement and contract management:
Integrate sourcing, contracting, and supplier collaboration workflows into one cohesive experience. Leverage Joule’s natural language capabilities to launch sourcing events, surface supplier recommendations using generative AI, check contract status or pending approvals, automatically trigger engagement workflows or supplier notifications. This integration allows sourcing teams to operate with real-time visibility and fewer manual handoffs—critical in managing high-value capital projects and subcontractor engagements.
Real-time visibility:
Monitor supplier performance, contractual obligations, and project-specific requirements across global operations. Use Joule to instantly see risk exposure details for a supplier (including risk categories and severity), open engagement details for specific supplier relationships, view risk information directly in a supplier’s profile. This visibility improves accountability and reduces uncertainty around contract compliance and supplier delivery timelines.
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