The answer to demographic change: digital contract management
Demographic change is leading to an ageing workforce and an increasing shortage of skilled workers. This is forcing companies to streamline their processes and use resources more efficiently. One area that is often underestimated is contract management. In future, the innovative paradigm shift for process automation can take place directly via the contract rules. An end-to-end process encompasses the complete handling of a business process.
Life cycle and change
For contract management in SAP, this means that the entire lifecycle of a contract - from creation to management to termination - must be seamlessly integrated into the processing in SAP. This is particularly relevant for companies that offer complex variant configurations with their specific contract terms such as subscription, service and maintenance models.
With Cuno/4, Networker Solutions offers a contract management solution with which the entire lifecycle of contracts can be digitally mapped in SAP. The digitization, automation and successful optimization of end-to-end processes in SAP are directly related to the use of Cuno/4. In conjunction with a comprehensive variant configuration, Cuno/4 enables the seamless integration of contract information. This is necessary to manage contracts according to customer requirements.
End-to-end document flow
With Cuno/4, the contract is embedded as a digital document in the document flows of the SAP standard. Contract information is available at every step of the end-to-end processes, e.g. to validate the automatic creation of SAP follow-on documents, contract agreements and invoices or to check service levels and services. This is very relevant when companies offer their products in different variants and these need to be adapted to customer requirements. Cuno/4 enables the digital use of contract agreements in SAP. End-to-end processes can thus be automated and optimized step by step. Digital contract management is more than just an efficiency measure. It is a response to the challenges of demographic change.
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