One agreed rate, everywhere it applies
Intelligent Rate Contract Management holds item and vendor rates with validity, slabs and escalation terms, applies them automatically on order release, and tracks consumption, savings and renewals.
- 0Module Groups
- 0Role Portals
- 0Agreed Rate
- 0Expired Contracts
What it replaces
The three things we find almost every time before this goes in.
prices for the same item
Two sites buying the same thing from the same vendor at different rates, discovered only when someone compares.
without anyone noticing
Contracts running past validity, with purchases continuing at rates nobody has re-agreed.
volume discounts
Slabs negotiated but never tracked, so the discount that was agreed is never actually taken.
Configured for how you actually work
Multi-site buyers
Several locations purchasing against centrally negotiated rates.
High-repeat spend
Consumables and services bought continuously from a known vendor set.
Regulated buyers
Where a contracted rate has to be demonstrable on every purchase.
Service contracts
AMC and manpower agreements with periodic escalation clauses.
The rate the contract says, on every order
A rate contract only saves money if the purchase order actually uses it. Orders release against the contract rather than beside it.
- ContractsEvery rate contract, its validity, slabs and escalation terms.
- PurchaseApplicable rates when raising an order, applied automatically.
- ApproverAny purchase deviating from a contracted rate, flagged.
- FinanceConsumption against contracted quantity and realised savings.
4 module groups, one record
Contract master
- Item, vendor and rate with validity period
- Slab and volume-based pricing
- Terms, escalation clauses and annexures
- Version history on every revision
Application
- Rates applied automatically on order release
- Deviation flagged for approval
- Multi-site applicability rules
Tracking
- Consumption against contracted quantity
- Realised savings against list price
- Vendor performance against the contract
Lifecycle
- Expiry and renewal alerts ahead of validity
- Renegotiation history per item
- Contract closure with final reconciliation
See it on your own numbers
Tell us how you run this today. We'll configure a demo on your own structure rather than a sample dataset, so you can judge it properly.
What's Happening
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Insights For You
Perspectives and best practices around intelligent rate contract management
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