The primary goal for contract management within any company is to ensure that commitments and obligations to customers and suppliers are clearly visible to the relevant people in the organization and that they are executed upon.
Contracts dictate every aspect of key business strategies and relationship. Many organizations spend a considerable amount of time and resources executing contracts to their liking and then, once executed, fail to properly monitor and oversee these contracts.
Also, once the contract is finalized and services are procured, many companies fail to manage the contractual obligations, agreed to during the negotiation phase. From an impact perspective, failure to meet these obligations can result in:
SAP Settlement Management is engineered to define and process today’s most complex sales and purchasing rebate programs. Built on SAP S/4 digital core, it simplifies the creation and management of a wide range of rebate program types.
With Settlement Management you will be able to: