Accelerate Agreements Package

Owned by Ondřej Tesař
Nov 01, 2024
1 min read

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 formula 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

 

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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