SAN
FRANCISCO, June 4, 2024 /PRNewswire/ -- Docusign
(NASDAQ: DOCU), a global leader in Intelligent Agreement
Management, today announced the upcoming launch of its new Docusign
Connector for SAP Ariba solutions – a new offering that automates
workflows between Docusign CLM and SAP Ariba solutions to help
businesses accelerate time to value and eliminate friction in
source-to-pay agreement processes. Available globally starting in
September, this new connector will be unveiled at SAP Sapphire
events in Orlando, Florida and
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.
In today's rapidly evolving procurement landscape, organizations
often struggle with limited visibility into contracts, inefficient
approval handoffs, and disconnected tools across the contracting
process. These challenges lead to inefficient procurement cycles,
rogue contracting, unwanted auto-renewals, and reduced contract
value. According to a recent Deloitte study, nearly $2 trillion is lost in global economic value each
year due to poor agreement management practices and systems, with
procurement teams missing over $1
million in savings on average due to contractual
incentives.
Driving Innovation Through SAP Partnership
Docusign is committed to solving these challenges through its
long-standing partnership with SAP. As a leader in CLM, Docusign is
innovating solutions to help customers achieve their business goals
by streamlining source-to-pay workflows. In recognition of our
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," said 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 organizations
make smarter decisions and achieve greater value from their
supplier relationships."
Docusign Connector for SAP Ariba Solutions
Docusign Connector for SAP Ariba solutions will help accelerate
time-to-value and eliminate friction in source-to-pay agreement
processes with streamlined collaboration, automation, and
integrations with SAP systems. Organizations 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.
With Docusign Connector for SAP Ariba solutions, customers can
benefit from:
- 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 synchronization: Eliminate manual data
entry by automatically synchronizing 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, helping businesses
streamline source-to-pay agreement processes. We're excited for the
future of our partnership with SAP. Together, we're transforming
how organizations create, commit to, and manage agreements.
About Docusign
Docusign brings agreements to life.
More than 1.5 million customers and more than a billion people in
more than 180 countries use Docusign solutions to accelerate the
process of doing business and simplify people's lives. With its
Docusign IAM platform, Docusign unleashes business-critical data
that is trapped inside of documents. Until now, these were
disconnected from business systems of record, costing businesses
time, money, and opportunity. Using Docusign IAM, companies can
create, commit, and manage agreements with solutions created by the
#1 company in e-signature and Contract Lifecycle
Management.
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SOURCE DocuSign, Inc.
