When managing your agreement lifecycle with a partner company, it can be difficult to get everyone on the same page – especially when both sides are looking at different information! That’s why managing contracts and agreements you have been is no longer the standard.
Today, many companies like yours are managing partnerships over email, with disjointed spreadsheets and documents. This approach leads to unnecessary errors like missing details in contracts, miscalculated financial information and team members left off email. These outdated processes waste time and erode your profitability.
It's time to bring the entire agreement lifecycle into one convenient location – and gicom and SAP have created a one stop shop for retail and CPG agreement negotiators with
SAP S/4HANA Cloud for agreement profitability and negotiation by gicom, private edition. Learn more at our upcoming
May 10 webinar .
Getting Started
The first step in any negotiation is research. Before choosing who to partner with, you must acquire a precise understanding of your own business, as well as the offerings of all potential partners. Retail leaders in the strongest negotiation position will be the ones who have access to the most up-to-date information.
By digitizing your agreement lifecycle process, you have automatic access to historical agreement information like previous goals, successes and more. This fosters stronger collaboration with all parties involved in your negotiation by increasing transparency.
These strategy and planning capabilities are enabled by gicom’s Agreement Negotiation Workbench. The innovative solution maximizes transparency and starts the entire negotiation process off on the right foot.
Documenting Each Step of Your Journey
The next step is to start negotiations. With SAP S/4HANA Cloud for agreement profitability and negotiation by gicom, private edition all interactions are stored in gicom’s Agreement Documentation solution, including contracts, billing terms, immediate and subsequent conditions, advertising allowances and more.
Now SAP customers can get an intuitive, single point of truth with all the information you need to manage your partnerships in one place. As a result, retail businesses benefit from enhanced transparency and audibility, all while avoiding redundant processes and unnecessary errors.
Learning from Every Experience
Every successful partnership ends with the calculation, settlement, and analysis phase. During this phase, retail businesses process invoices, determine margins, review the successes and mistakes of the partnership, and prepare for a more successful and more profitable future.
gicom’s Real-Time Margin tool automates the agreement settlement process to ensure all components are correctly closed out. The integration with SAP S/4HANA Cloud also offers pay-as-you-go capabilities. This time-saving strategy minimizes the likelihood of errors and supports strong, transparent partnerships from the initial encounter to the final interaction.
Modernizing Your Agreement Lifecycle
When the agreement lifecycle management process is outdated, the success of a retail business can be limited by time- and money-wasting errors with key partners across the supply chain. gicom helps you, other retailers and CPGs optimize negotiations and create organizational efficiencies that make a real difference on the bottom line – all within one convenient solution.
To learn more about modernizing your partner negotiations,
join our webinar on Wed. May 10 at 10:00 a.m. ET.
