Maximize the return on your promotional budgets and improve your speed to market with the ICI 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 a number of industries—from royalty payments and rebates 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:

  • Poor visibility across all promotional agreements with each partner, leading to missed opportunities for better-negotiated pricing and promotional terms
  • Inability to effectively measure and analyze the promotion’s performance
  • Wasted staff time on manual promotion tracking, management, and measurement.
  • Inability to track and manage complicated formulae and accrual calculations
  • Lost revenue and reduced margins due to poor tracking and underutilized promotional budgets.
  • Longer cycle times are required to design and execute promotions using manual processes and disconnected systems.

Benefits of the ICI Promotions, Rebates & Royalties app:

The ICI Promotions, Rebates & Royalties app is built on top of the Icertis Contract Intelligence (ICI) 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
  • Reduces risk of manual errors and supports complex formulae and accrual calculations
  • Improve visibility across the contract value chain between retailers and their suppliers
  • Maximize revenue and sales volume by better utilizing promotional budgets
  • Reduce administrative time and operational costs spent on planning promotions
  • Accelerate processing and settlement, resulting in better cash flows
  • Negotiate better pricing and terms based on deep insights into past partner performance

Best Buy is leveraging the Icertis Contract Intelligence platform to accelerate its rebate and promotional contracting with key partners to drive efficiency and reduce risk across the organization.

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Learn how the Icertis Contract Intelligence Promotions, Rebates & Royalties App is being used by Saint Gobain.