Trade Spend

STREAMLINE YOUR REBATE AND TRADE SPEND PROGRAMS

As the complexity and number of trade spend programs at your organization grows, managing them is an increasing challenge.

Even a small change in food costs can lead to a magnified impact on your bottom line. In today’s inflationary and competitive environment, costs must be managed aggressively. Pricing deviations of a few cents or missed rebates may appear small, but the cumulative effect across a restaurant chain over time can translate to several million dollars of untapped savings opportunities.

Segments Served:


Trade Spend

STREAMLINE YOUR REBATE

AND TRADE SPEND PROGRAMS

As the complexity and number of trade spend programs at your organization grows, managing them is an increasing challenge.

Segments Served:

This time spent negotiating, tracking, reporting, paying and reconciling program issues steals directly from business-building activities, and lacking a single version of the data truth can be a major cause of strained relationships among distributors, operators and manufacturers today. Trade spend dollars continue to increase, while soft costs from incorrect claims and disputes are on the rise – so, how does your organization ensure that every dollar paid out is accurately attributed to a specific program and every dollar spent has a measurable return?

To simplify this process and monitor your trade spend, you need a solution to acquire distributor and operator reported claim data, cleanse and enrich it by mapping it to company hierarchies, such as accounts, regions and categories and finally deliver it to your ERP or contract management applications for sales and financial business processing. With clean and timely data, manufacturers can reliably manage all phases of the trade spend process including contract management, claim validation, approvals, settlement and analysis.

iTrade’s Trade Spend solution provides clean, timely data to enable efficient management of trade spend programs. The solution accelerates data handling processes, increases data accuracy, reduces disputes and lowers program operations costs. iTrade currently handles $300B of annual transactional volume, and millions of DC product signatures, all mapped to unique iTrade product codes, meaning that iTrade Trade Spend can provide your organization with transparency, clarity and visibility into your trade spend, helping you to:

Systematically monitor claims for timeliness and completeness
Automate collection, standardization, enhancement and integration of claim and proof of performance information submitted by trading partners
Improve cash flow management with accurate claims processing
Improve mapping of incoming data with iTrade GDSN data pool services

Even a small change in food costs can lead to a magnified impact on your bottom line. In today’s inflationary and competitive environment, costs must be managed aggressively. Pricing deviations of a few cents or missed rebates may appear small, but the cumulative effect across a restaurant chain over time can translate to several million dollars of untapped savings opportunities.

This time spent negotiating, tracking, reporting, paying and reconciling program issues steals directly from business-building activities, and lacking a single version of the data truth can be a major cause of strained relationships among distributors, operators and manufacturers today. Trade spend dollars continue to increase, while soft costs from incorrect claims and disputes are on the rise – so, how does your organization ensure that every dollar paid out is accurately attributed to a specific program and every dollar spent has a measurable return?

To simplify this process and monitor your trade spend, you need a solution to acquire distributor and operator reported claim data, cleanse and enrich it by mapping it to company hierarchies, such as accounts, regions and categories and finally deliver it to your ERP or contract management applications for sales and financial business processing. With clean and timely data, manufacturers can reliably manage all phases of the trade spend process including contract management, claim validation, approvals, settlement and analysis.

iTrade’s Trade Spend solution provides clean, timely data to enable efficient management of trade spend programs. The solution accelerates data handling processes, increases data accuracy, reduces disputes and lowers program operations costs. iTrade currently handles $300B of annual transactional volume, and millions of DC product signatures, all mapped to unique iTrade product codes, meaning that iTrade Trade Spend can provide your organization with transparency, clarity and visibility into your trade spend, helping you to:

Systematically monitor claims for timeliness and completeness

Automate collection, standardization, enhancement and integration of claim and proof of performance information submitted by trading partners

Improve cash flow management with accurate claims processing

Improve mapping of incoming data with iTrade GDSN data pool services

REAL RESULTS

Organizational Benefits

  • Gain insights into customer purchase behavior by leveraging trade spend data
  • Improve communication and collaboration across the organization and with trading partners

For Sales

  • Streamline and simplify the collection of claims and sales performance information submitted against trade spend programs
  • Accelerate claim payments

For Accounting

  • Reduce inaccurate and untimely claim payments
  • Reduce the costs of resolving disputed deductions
  • Improve cash flow

REAL RESULTS

Organizational Benefits

  • Gain insights into customer purchase behavior by leveraging trade spend data
  • Improve communication and collaboration across the organization and with trading partners

For Sales

  • Streamline and simplify the collection of claims and sales performance information submitted against trade spend programs
  • Accelerate claim payments

For Accounting

  • Reduce inaccurate and untimely claim payments
  • Reduce the costs of resolving disputed deductions
  • Improve cash flow