An end-to-end contract management solution provides better compliance and execution through seamless integration between legal contracts, operational contracts, and contract execution. Key functionality includes a central contract repository, centralized compliance reporting, and sourcing integration. Benefits include improved contract management, a centralized contract database, and identification of maverick buying. SAP SRM 7.0 allows for contract renegotiation, mass updates, usage of contracts for sourcing, and monitoring of contract usage and compliance across SAP instances.