Contract management is a complex, time intensive, error prone process that can lead to lost revenue and strained trading partner relationships. The volume of information needed to validate partner rebate or deviated billback claims, and insufficient processes to handle the data leads to inaccurate payments against claims. The time spent negotiating, tracking, reporting, paying, and reconciling differences detracts directly from business-building activities.
ITN's Trade Spend Data Service collects, transforms and standardizes program claims and sales performance data into a manufacturer's chosen contract management or ERP application. Benefits of this service include:
- Clean data that increases claim validation accuracy and reduces claim processing and payment times
- Lower operational costs due to reduced manual processing and intervention
- Reduced disputes and improved trading partner relationships
- Accurate contract performance data needed to fully utilize contract management applications
ITN's collaborative contract management solution allows manufacturers to communicate, synchronize and validate contract terms and associated proof of performance with their operator customers. Benefits include:
- Increased claim accuracy and improved speed of payment
- Reduced administrative overhead
- Reduced errors, disputes and reconciliation time
- Focused interactions with buyers on growing the business, not disputing claims
To find out what we can do for your business, contact your nearest office by clicking here.