Posted by Jennifer Grumbling
So you did it, you finally reached your weight loss goal! The tricky part begins: maintenance. You work hard to get to where you are and then you have to continue to work to maintain what you have achieved. How do you do it? You keep yourself in check; you continue to perform “tune-ups” on your exercise and diet. But keep in mind, in the end, it always pays off.
Take this same principle and apply it to
contract management. You work hard to set agreements so claims are properly settled and paid. Once you meet that goal, you should continue to monitor your claims against those contracts. Monitoring your claims and settlement process will help you to avoid a number of profitability pitfalls such as incorrect claims on uncontracted products, double-dipping, etc. What’s the sense in creating contracts if they are not maintained and monitored?
Having a solution in place such as Answers
Systems ContractProÒ allows manufacturers to verify, reconcile, and settle claims as well as produce reporting and analysis to ensure profitability and compliance. For example, a solution such as
ContractPro® alleviates the worry of double-dipping, if a customer already has a contract for a certain product, then also attempts to request another rebate on that same product,
ContractPro® catches that double-dip!
And we all know that double-dipping can lead to! This is a maintenance plan that keeps your claims and contract management trim and fit. You are able to identify opportunities where a contract may need some tweaking or an opportunity where a number of products are out of compliance with an agreement. This is the vital information that a manufacturer needs in order to keep its trade promotion management under control and in shape.