ICI features solutions created for major retailers.

With the Icertis Contract Intelligence (ICI) platform, retailers can link their contracts to sales performance data in real time, helping retailers become more nimble and optimize their promotions.

Common challenges.

With the Icertis Contract Intelligence (ICI) platform, retailers can link their contracts to sales performance data in real time, helping retailers become more nimble and optimize their promotions.

Today’s retailers compete in a highly fluid market with tight margins. In order to compete, companies must have full visibility into supplier relationships and sales performance to reduce leakage and optimize operations. Contracts are key to meeting these challenges.

If left unaddressed, these challenges have the potential to lead to ineffective sales programs, promotional budget leakage and delayed responses to competitive pressures.

In working with some of the world’s leading retailers, Icertis has identified a number of common challenges:

  • Promotions, incentive agreements and Market Development Funds (MDFs) with product manufacturers and wholesalers are difficult to manage at scale across thousands of SKUs throughout their lifecycle
  • Collaboration with third parties for contractual commitments like report submissions and claims initiations is slow, leading to a lack of agility when responding to market demands
  • Direct and indirect procurement contracts lack the visibility to ensure profit margins are me

The Icertis solution.

Icertis has implemented Contract Lifecycle Management (CLM) solutions for some of the world’s largest retailers, leveraging the Icertis Contract Intelligence (ICI) platform combined with our powerful suite of applications.

While the ICI solution is ultimately configured for each customer, our CLM for retail capabilities include:

of promotions and rebates, including incentive terms, budget management for MDFs, and calculation and validation of program performance

for creating and monitoring performance against industry contracts including Vendor Master Agreements, and MDFs

portal that enables partner self-service and request-oriented contract lifecycle management

sales data into ICI while pushing contract terms to sales and distribution systems

to handle contracting for large volumes of SKUs, sales data, pricing terms, tiered discounts, and incentive plans

Icertis’ retail solutions offer unmatched benefits across the entire enterprise. The easy-to-use platform ensures retailers continue to maximize the value of their contracts long after each one is signed.

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