Contract Management Software for Retail

At Icertis, we help retail and consumer goods companies transform contracts into structured, connected, and on-demand data. Allowing them to discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.

Retail & consumer goods companies face rapidly changing customer expectations, behaviors, and loyalty that drive new business models and increased digital engagement. To meet these challenges, key stakeholders from across the organization – including brand managers, category buyers, field sales, merchandising, sourcing teams, IT, legal and others – must think differently about their contracts and the benefits of digital transforming the processes.

Let's look at rebates as an example. With manual tracking, supply chain issues, and labor shortages, monitoring all the vendor rebate programs is challenging. ICI automates the reporting of rebates for suppliers. Automating rebate management allows retail & consumer goods companies to realize their total revenue commitments. Simply said, a company would need to sell an incremental $38M in toplines sales if they didn't collect on just $5M in already negotiated rebates!*

_{*Source: 3.62% avg profit margin from Brex.com}

The Solution

Contract intelligence reduces revenue leakage and maximizes contract value

The retail and consumer goods sector experiences an average revenue loss of 2-4% due to contract mismanagement, according to World Commerce & Contracting. With Icertis Contract Intelligence, these missed opportunities can be reclaimed, directly impacting the bottom line. Consider a company with $1 billion in annual sales: to compensate for the typical 3% revenue loss due to contract mismanagement, they would need to generate an additional $829 million in sales. Icertis Contract Intelligence ensures that potential revenue leakage is minimized and profits are maximized.

_{*Source: 2023 World Commerce & Contracting Report and 3.62% avg profit margin from Brex.com}

Best Buy deployed the Icertis Contract Intelligence (ICI) platform which improved contract turnaround time by 70% and reduced time for payments from 12 weeks to 2 weeks, improving cash flow.

Maximizing Profits

Optimize financial management by efficiently monitoring large volumes of vendor contracts featuring diverse financial terms to prevent revenue leakage and double dipping while effectively identifying and managing financial commitments like incentives, rebates, and penalties.
Streamline Workflow

Streamline the creation, negotiation, execution, and management of compliant contracts, including managing flow-downs, all in a fraction of the time, effectively preventing unnecessary bottlenecks in the supply chain.
Improve Compliance & Risk

Safeguard financial integrity through strategic risk and compliance management. Employ AI-driven insights to enforce compliance and commitments, automatically adapting to changing conditions and continuously improving platform speed and intelligence.
Shared Visibility into executed contracts

Take informed actions based on all the information within your active contracts – ranging from tables, clauses, attribute data, to handwritten notes. This heightened visibility equips your teams with the knowledge needed to swiftly adapt to supply disruptions in a fraction of the time.