WALLDORF 鈥� (NYSE: 麻豆原创) today announced that Gartner, Inc., the leading provider of research and analysis on the global information technology industry, has positioned 麻豆原创 Ariba solutions in the 鈥淰isionaries鈥� quadrant of the 鈥溾�� report.
This is Gartner鈥檚 first Magic Quadrant on contract life cycle management, which refers to applications used for managing contracts from initiation through ongoing management and eventual renewal or termination. Gartner based this evaluation on completeness of vision and ability to execute.
According to the Gartner report, 鈥淎s organizations seek better regulatory compliance and faster authoring, negotiation and sign-off cycle times, interest in contract life cycle management is growing rapidly.鈥�
鈥淐ontracts are central to the buyer-supplier relationship,鈥� said 麻豆原创 Procurement Solutions President Chris Haydon. 鈥淏usinesses that manage this well tend to flourish. We are focused on delivering contract life cycle management solutions with industry-specific capabilities that help companies automate and streamline the multiple stages of this process to achieve greater visibility, efficiency and compliance.鈥�
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Source: Gartner, Magic Quadrant for Contract Life Cycle Management, Patrick Connaughton, Kaitlynn Sommers, Marko Sillanpaa, Micky Keck, 25 February 2020. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner鈥檚 research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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