Contract Compliance Profit Optimizer
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Realize Dramatic Savings Improvement Through Real-Time Visibility with Trackmax Contract Compliance Profit Optimizer.
Trackmax Contract Compliance Profit Optimizer (CCPO) users report incremental vendor purchase and sales rebates on existing purchases of 40% and a ROI on their Trackmax investment within 6 months of
system implementation.
The fully automated system, using one central database, strengthens internal controls and effectively monitors contract compliance (and non-compliance) to improve overall performance by capturing all contracted volume discounts and rebates and lost revenue opportunities through non-compliant actions.
Critical CCPO user benefits include:
Improves Overall Control: Contract auditing, purchasing and complete company-vendor/ unit-distributor integration are seamlessly delivered through CCPO’s single integrated database. Management can perform regular audits and performance checks across the enterprise or on a per unit or region basis.
Increases Earned Income Revenues: CCPO effectively tracks numerous supplier contracts and product rebate commitments, tying back all transactions to the contract. CCPO also reduces overpayment by identifying non-compliant invoice pricing, manages and monitors purchase/sales discounts against commitments and identifies revenue leaks based on off contract purchasing.
Improves Reconciliation of Discrepancies: CCPO’s automatic audit trail reconciliation (at line item level) of vendor payment data, reduces time spent on manual or administrative tasks and improves accuracy through one date source.
Reduces Overall Costs: CCPO aligns supply and demand across the enterprize at corporate and unit levels, providing immediate access to critical information and real time visibility and analysis into performance and key issues.
Increases Unit Productivity: With CCPO, unit management can easily track purchases, product detail, trends, price variances, etc., reducing miscommunications, increasing accuracy and improving operational performance.
Maximizes Contract Revenues: CCPO’s continuous compliance monitoring inspects agreed upon terms and conditions and receipt of accurate and timely payments against the agreed upon terms of each contract. Clear and accurate contract visibility identifies substitutions and purchases from unapproved suppliers.
Improves Knowledge: CCPO’s consolidated reports at corporate, unit, regional levels make it easy to drill down into transaction details and identify operational issues.
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