iRC · Available
Intelligent Rate Contract Management
One agreed rate, everywhere it applies.
Overview
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.
- Multi-site buyersBuilt for teams like yours
- High-repeat spendBuilt for teams like yours
- Service contractsBuilt for teams like yours
Why it matters
What changes when it runs in one place
Different prices for the same item
Two sites buying the same thing from the same vendor at different rates, discovered only when someone compares.
Expired without anyone noticing
Contracts running past validity, with purchases continuing at rates nobody has re-agreed.
Unclaimed volume discounts
Slabs negotiated but never tracked, so the discount that was agreed is never actually taken.
Who it is for
Organisations that use iRC
- 01Multi-site buyers. Several locations purchasing against centrally negotiated rates.
- 02High-repeat spend. Consumables and services bought continuously from a known vendor set.
- 03Regulated buyers. Where a contracted rate has to be demonstrable on every purchase.
- 04Service contracts. AMC and manpower agreements with periodic escalation clauses.
By role
The rate the contract says, on every order
Contracts
Every rate contract, its validity, slabs and escalation terms.
Purchase
Applicable rates when raising an order, applied automatically.
Approver
Any purchase deviating from a contracted rate, flagged.
Finance
Consumption against contracted quantity and realised savings.
What's included
Modules
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
“Rate contracts save money only when people can find the agreed price at the moment they buy.”
See it working
Request a demo of iRC
Tell us how you run this today, and we will configure a demo on your own structure.
