Accelerate Agreements Package
Formula-based Agreement Pricing powered by the Agreements Accelerator is designed for process manufacturers involved in selling commodities and specialties. It enables the setup and renewal of customer agreements with dynamic formula-based pricing. As part of the multi-annual agreement terms, you can set the frequency of automated price recalculation to reflect changes in market conditions. It also provides forecasting functionality to see assumed agreement and business performance compared through various scenarios.
You can build a library of various formula types designed for specific purposes, such as specific pricing for territories, customer, or product groups. The formula types can be designed with visual experience. A final formula type consists of various inputs and calculation rules. Any given formulas can be extended with attributes in order to help manage and govern your formula library as well as workflow capabilities to manage an approval process on top of your formula library.
The package includes:
Formula library
Formula-based Agreement Types with predefined Header, Scenario, and Line Item Inputs
Approval workflows
Output template for generated prices
Recalculable agreements
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Key Capabilities
Create and manage a set of formulas to enable dynamic pricing of commodities and specialties
Establish agreements with multi-annual terms with the option to set the frequency of price recalculation
Define calculation rules to adjust prices based on specific situations:
Bounding rules
Pricing exceptions
Push resulting agreement price records for use within a given IT landscape (ERP, CRM, etc.)
You can also watch a video introducing Formula-based agreement pricing and its usage.
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