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Suppliers Deal Assurance header

Supplier Deals Assurance

Enables retailers to effectively monitor deal execution through different perspectives: financial control, profit optimization, buyer & supplier performance monitoring.

 

diagram retail supplier deals assuranceManaging deals is a critical business process within a retailer, providing tools to effectively monitor deal execution through different perspectives: financial control, profit optimization, buyer/supplier and improving on the data that exists in the operational systems, can turn into a major challenge. When this challenge is correctly addressed, with an automated business-driven software, the results are visible in the bottom line.

RAID Supplier Deals Assurance provides an end-to-end auditing tool for the deals process: starting from its planning analysis (negotiations, contract approvals), passing through a detailed execution monitoring (incentives) that will be finally completed with an effective deal validation. The software continuously monitors all supplies’ transactions to assure compliance, control costs and prevent fraud episodes.

KEY AREAS COVERED
Give analysts a broader insight across the organization
  • Deals & Billbacks Accuracy
    Actively monitors the information from the several operational systems that support the deals and billbacks process, avoiding data and integrity problems, as well as ensuring reliable information to the buyers and suppliers (if applicable).
  • Deal Monitoring & Profit Optimization
    Monitors the deal execution, ensuring that all conditions are achieved, the predicted timeframe is accomplished as well as the original debit plan, controlling its costs. Furthermore, it analyses for speculative order opportunities in order to potentially optimize a deal profit.
  • Deals & Billbacks Monitoring
    Analyses the billbacks execution in order to ensure an effective control of the costs in the deal and providing accurate invoicing to the supplier. Furthermore, analyses data to effectively produce accruals and forecast revenues & costs, comparing to budget availability. Additionally, the understanding of the performance in both suppliers and buyers will add a deeper control and knowledge to the whole process.
CHALLENGES ADDRESSED
Address industry-specific regulatory and compliance requirements
  • How accurate are the deals, PO and receipt information?
  • Do the buyers negotiate, exploit and maximize all the negotiated deals?
  • How many systems are involved in the process?
  • Is Billbacks calculation being done correctly?
  • Are the Billbacks accruals and accounting aligned?
  • Are the Billbacks being invoiced correctly to the suppliers?
KEY RISKS AT A GLANCE
Since the product provides a holistic view of data across multiple business environments and applications, you will get the visibility you need to quickly understand the financial impact and risk of each alarm and quickly identify the root cause of each exception
  • Absence of Data in the Operational Systems
  • Process Compliance for Deals and Chargebacks
  • Poor Execution of Promotional Plans
  • Poor Buyer Performance or Fraud Abuse
  • Inefficient Deal Oversight

ASSURE A COMPLETE DATA INTEGRITY BETWEEN OPERATIONAL SYSTEMS

1. Deals and BIllbacks Accuracy
RAID Retail assures complete data integrity between all operational systems that support the Deals & Billbacks process.

In this case, most of the data inputs have manual origins (for instance, registering the deal and its conditions into the operational system), which enhances the need of having an automated data audit system that assures its full integrity.

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PREVENT REVENUES LEAKAGES DURING DEALS EXECUTION

RAID Retail enables an end-to-end deals execution monitoring and potentially increase deal profit through speculative ordering.

To avoid flaws during deals execution, RAID software provides pre-defined controls that will allow retailers to prevent revenue leakage, avoid undue costs and potentially increase profit by analysing the deal conditions, sales trending, associated promotions and potentially revenue increase with new order.

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2. Deals Monitoring and Profit Optimization

AUTOMATE BILLBACKS VALIDATIONS

3. Deals and BIllbacks Monitoring
To monitor the retailer’s Deals & Billbacks, RAID Retail provide updated billbacks calculations and also automated support to effectively analyse deferred income, supplier and buyer’s performance, service and deal’s revenue.

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LEARN MORE ABOUT SUPPLIER DEALS ASSURANCE FOR LARGE RETAILERS

Overview

RAID RETAIL COVER DATASHEET
 

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