ICM Promotions, Rebates & Royalties App2019-03-07T17:06:51+00:00

Maximize the return on your promotional budgets and improve your speed to market with the ICM Promotions, Rebates & Royalties app.

Challenges with Traditional Approaches to Promotion Management:

In today’s fiercely competitive environment, the effective and timely management of promotions, rebates and royalty payments is critical. Designing and optimizing these programs is essential for an number of industries—from royalty payments in drug manufacturing to holiday promotions for major retailers.

Managing these promotional programs, from initial contracting between partners all the way through to settlement, can create a number of challenges:

  • Lost revenue and reduced margins due to poor promotion tracking and underutilized budgets
  • Longer cycle times are required to execute promotions using manual processes and disconnected systems
  • Wasted time on manual promotion tracking, management and measurement
  • Poor visibility across the contract value chain impeding governance and compliance
  • Missed opportunities for better negotiated pricing and promotional terms
  • Inability to effectively measure and analyze promotion performance

Benefits of the ICM Promotions, Rebates & Royalties app:

The ICM Promotions, Rebates & Royalties app is built on top of the Icertis Contract Management (ICM) platform, enabling you to seamlessly leverage contract data to quickly plan, execute, and settle promotions with your partners. With the help of this app, companies can:

  • Increase speed to market with better product promotion management
  • Reduce administrative time and operational costs spent on planning promotions
  • Improve visibility across the contract value chain between retailers and their suppliers
  • Maximize revenue and sales volume by better utilizing promotional budgets
  • Accelerate processing and settlement, resulting in better cash flows
  • Negotiate better pricing and terms based on deep insights into past partner performance

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