Revitas Solutions for Manufacturing Companies
Large manufacturing companies manage complex supply chains, and rely on creative sales incentives to drive channel sales. Incentives are based on performance criteria like sales volume, percent of floor space, sell-by dates, and more. But with so many detailed calculations to manage, how can manufacturers know if they are paying out too much – or too little? How can they manage financial accruals on complex, overlapping promotional programs?
With millions or even billions of dollars tied to sales contracts, the stakes are high. ERP systems cannot handle the complexity most companies ask of it, causing information workers to turn to manual processes for calculating payouts. But reliance on spreadsheets is a risky bet. One mistake can have a ripple effect throughout the business, causing chronic overpayments or underpayments. Both revenue and reputation are at stake.
Revitas Enterprise Revenue Dynamics (ERD) solutions streamline the management and execution of complex incentive programs and accrual processes, to ensure that payments and financial accruals are accurate. Costly mistakes are minimized to protect revenue, improve visibility, and mitigate risk.