BRAND MANUFACTURERSCommercial Contract Management and Rebate Processing
Commercial contract management and careful reconciliation of rebates and discounts dramatically influence your growth and profitability.
Build a database that incorporates the specific terms of all commercial contracts. Many have stiff penalties for late payments of discounts or rebates. Each one will normally have either monthly or quarterly reconciliation cycles. Additionally, build an SOP tailored to commercial contract rebate and discount reconciliation and payments; follow it and audit the work.
Download a summary of our services.
How Prescription Analytics supports commercial contract management.
We are typically involved very early on in the sales and contract negotiation stages. Consequently, we can provide insight into terms and prepare the financial models to support the process. This enables you to make the best possible decision based upon what is known at the time of contracting. From there, once a contract is executed, we add the financial terms and required timing of reconciliation and payments to a database of client commercial contracts. As invoices flow out of these relationships, we reconcile them against the business and financial terms of the agreements and provide you with a comprehensive report to support payments.
Learn About Our Other Brand Services.
Click on any link to discover the many other ways we can help you make the smartest possible strategic and tactical business decisions.