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iFoundry Agreements and Rates Management System is a flexible and powerful infrastructure for automating pricing terms negotiated between trading partners such as manufacturer-wholesale distributor or buyer - vendor.

Key Features

• Transactional engine to rapidly, consistently and accurately enforce pre-agreed trade terms, pricing & calculation logic. These terms govern the rating, pricing and calculations for various line items like rebates & chargebacks, fees, discounts, incentives, products & options, packages & bundles, metered resource usage, surcharges & taxes.
• Support various kinds of agreements like Sell-Side Agreements (rebates & chargebacks, ship & debit, special price authorizations, etc), Buy-side Agreements.
• Calculate prices based on unit, flat and percentage based rates; with support for multiple units of measure. Support various kinds of pricing methods like single & double quantity breaks, step functions, user-defined, etc. Also support partner level qualification and discounting rules based on year-to-date volumes and other data as defined in the agreement.
• Business analysts can leverage a GUI Workbench to collaboratively author and test definitions and logic relating to agreements without depending on software programmers.
• Controlled change & release management wherein any changes to agreement logic and rates, go through a pre-configured series of approval steps before being authorized for release. Serial and parallel approval processes can be configured. As part of the approval process, the impact of the change on pricing can also be understood. If any changes or revisions are required to the definitions, this can be done at this time. After approval, the change is migrated to a formal deployment process. Complete audit trails are available on the history of change performed on the agreement logic and rates and on the comments made by the approver.
• Seamlessly access agreement enforcement capabilities during Trade Transactions Processing, Vendor Invoices Processing, etc; which is driven by ERP and Spend Management systems in most situations, through standardized interfaces.

Benefits

• Eliminate errors, delays and administrative costs associated with spreadsheets based trade terms enforcement
• Capture revenue and profit leaks, by automated enforcement of Trade Terms and Calculations.
• Launch changes (manage the define à test à approve lifecycle) to agreement definitions and logic within minutes.
• Reduce translation gaps & delays associated with traditional business-IT handoffs of business specifications for agreement management.
• Rapidly realize business value, with implementation cycles of 3 months or less.
• Ensure seamless reuse of agreement management capabilities by existing enterprise systems and processes like Trade Claims Processing, Vendor Invoice Processing, etc.