Contract Price Optimization
Master specific pricing agreements (SPAs) and contracts with ContractGPS™
Managing countless special pricing records – all with different pricing, terms, and expiration dates – creates significant complexity for manufacturers and distributors.
Because of the administrative challenges to maintaining contract and SPA business, many companies simply extend existing pricing and terms, rolling them over year after year, resulting in reduced profitability.
SPARXiQ helps companies regain control and profitability in this challenging part of their business with ContractGPS™.
ContractGPS™ is a cloud-based, ERP-agnostic platform that provides flexible, easy-to-use options for searching, summarizing, and modifying contract records that are often tough to navigate.
With the combination of intelligent pricing analytics and the ContractGPS™ platform, you can:
Strategically Price by Item or Groups
Quickly optimize pricing on low-volume, low- sensitivity products while staying competitive on high-volume, sensitive items
Keep Up with Vendor Increases
Identify contracts affected by vendor increases and easily update prices to maintain or increase margin
Review Prior to Renewal
Evaluate contracts prior to expiration and use intelligent recommendations to improve future performance
Manage User Permissions
Set up role-based priveleges to maintain control of which users can view and modify contract records
ContractGPS™ slices through the complexity that comes with managing countless SPA and contract price records.
Instead of simply rolling over contracts from one year to the next, implement an efficient system to master your contract business:
- Identify contracts that are approaching expiration
- Isolate underpriced products and services in your customers’ market baskets
- Provide the tools for the sales team to quickly and efficiently make informed pricing decisions
- Report to sales managers the individual and cumulative impact of their actions.