Better visibility into contracts improves procurement outcomes and uncovers the opportunities and risks that correspond to the procurement and sourcing professional’s most common and often most complex challenges
SAN FRANCISCO (PRWEB) August 08, 2019
Seal Software has brought its cutting-edge contract analytics solution to SAP® App Center, the digital marketplace for SAP partner offerings, with the immediate availability of the Contract Analytics AI application extension for SAP® Ariba®.
SAP Ariba’s open platform maximizes customer value by enabling choice. With the release of the Contract Analytics AI application extension for SAP Ariba, users of SAP Ariba Contracts, SAP Ariba Contract Lifecycle Management, and SAP Ariba Procurement now have real-time access to Seal’s innovative artificial intelligence (AI) solution for discovery, extraction and analysis of the clauses, provisions and data held in their contracts. Legal, finance, procurement, and sales operations professionals tasked with driving contract management and processes in the enterprise can quickly gain insight from all types of agreements, including procurement, sales, and internal contracts with the application extension.
“Better visibility into contracts improves procurement outcomes and uncovers the opportunities and risks that correspond to the procurement and sourcing professional’s most common and often most complex challenges,” said Vice President, Alliances at Seal Software, Dan Daehler. “Seal puts richly detailed analytic policies – designed and built by procurement experts – into the hands of SAP Ariba users to meet their evolving need for contract information around topics ranging from regulatory compliance, intellectual property, renewals, and termination, to audit rights and data privacy.”
Contract Intelligence for SAP Ariba Users
Seal Software’s application extension allows SAP Ariba users to identify contracts from around the enterprise, create detailed metadata based on the content, and deliver the clean data into their SAP Ariba system using an easy, intuitive interface. It allows users to locate contract terms quickly, and aggregate ongoing contract intelligence through predefined analytics to gain insight into changing regulatory mandates, concerns about a lawsuit or data breach, or a routine portfolio search for payment terms or provisions, and a myriad of other use cases and applications. In addition, SAP Ariba Contracts users can teach Seal how to extract user-defined terms from agreements.
With the Seal Contract Analytics AI application extension for SAP Ariba, users can:
Identify and de-duplicate contract files from across an organization’s systems and transform them into searchable documents
Identify the specific data needed for the SAP Ariba platform including data from third-party paper
Extract and index contract terms, creating structured data for transforming work streams
Speed up loading of accurate and complete contract data with validation (up to 80 times faster than traditional methods)
Accelerate the adoption and roll-out of SAP Ariba Contracts and other SAP Ariba modules
Provide a more comprehensive and more in-depth view into suppliers than has been previously possible
Leverage predefined term extraction packs for procurement and other high-value use cases to accelerate time to value
The SAP App Center provides customers with real-time access to some 1,900 innovative partner solutions that complement and extend their SAP solutions, enabling the digital transformation of their business. SAP App Center customers can buy solutions directly from partners and centrally manage purchases, billing, and vendor communications.
About Seal Software
Seal Software is the leading provider of enterprise contract analytics. With Seal’s machine learning and natural language processing technologies, companies can use artificial intelligence to find contracts of any file type across their networks, quickly understand what risks or opportunities are hidden in their contracts, and place them in a centralized repository. Headquartered in San Francisco, Seal empowers enterprises around the world to maximize revenue opportunities, reduce costs, and mitigate risks associated with contractual documents.
Seal Software is a trademark or registered trademark of Seal Software, Inc. in the U.S. and/or other countries.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies. Please see http://www.sap.com/trademark for additional trademark information and notices.
# # #