Industries

Manufacturing

The Need for Pricing and Contract Software in Manufacturing and Distribution

Companies in the manufacturing and distribution sectors face a virtual “perfect storm” of contract and pricing challenges. Stemming from involved B2B relationships, multi-tier pricing incentives, and complex supply chains, many businesses have been forced to develop ad hoc systems to deal with the intricacies of contract creation and pricing execution in the absence of a contract software solution. However, these home-grown structures are quickly pushed to their limits, especially in the face of increasing compliance burdens that put corporations at serious risk.

Manufacturers and distributors face lost revenue from slow contracting cycles as well as margin erosion from mismanaged and miscalculated pricing incentives. Add this to the legal risks bound up in industry regulations, commercial compliance, and financial reporting, and it translates into a recipe for delays, missed opportunities, and unplanned outcomes.

Enterprise Revenue Dynamics (ERD) is the necessary key to solving these critical business issues. ERD is the interlock of contract software, revenue management, and compliance. When contracts, pricing incentives, and compliance obligations are aligned in a single, end-to-end solution, the top and bottom lines are protected. Deals close more quickly. Profit margin erosion is stayed and risk is mitigated. No longer are contracts and multi-tier pricing incentives a source of corporate liability. Instead, they are a strategic asset for maximizing product profitability and building stronger business relationships.

Learn about Revitas™ for the Manufacturing and Distribution Industries

Revitas™ offers a contract software and pricing solution married to compliance and analytics tools. Learn how Contract Manager  and Pricing Dynamics can help companies to meet the challenges faced in the manufacturing and distribution industries.