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Deal Management (OneWorld)

Status: Unverified

Tracks funding provided by vendors for promotions.

View on Suiteapp.com

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Description

Deals Management for Vendor Funded Promotions

The Deal Management application allows you to track all of the vendor-funded deals from suppliers by entering the details into the Deal Management application within NetSuite.

Deal details can quickly become complex as you track deal variations by date, items, locations and other parameters. Deal Management allows all of these details to be captured and reported so that you can efficiently share this information with a vendor as proof of the promoted sales quantity and collect the agreed-upon amount.

Key Benefits

• Improve margins with faster and easier tracking and reporting of all promotional sales.
• Ensure accurate record-keeping by capturing data and linking it with vendors’ funds set aside for promotion.
• Get alerts on upcoming active dates so you can more easily track hundreds of deals.
• Out-of-the-box reporting enables you to email a vendor directly from NetSuite and speed up the validation of performance agreements and facilitate quicker and more accurate payment collection.
• Simplify vendor communications regarding a deal’s performance.

Retail Enabled

Supports complex deal management that retailers and vendors depend upon.

FEATURES

Faster payments and better margins

• Automatic tracking of complex deal details based on promotions set in the NetSuite application provides the required proof and facilitates easier and faster collection of funds owed.
• More accurate collection of funds, lower item cost and improved margin.  No money will be left on the table!

Simplified, more accurate record-keeping

• Capture data and link it with vendors’ funds set aside for promotion, including the ability to capture item and location detail.
• Alerts notify users to ensure all vendor-funded promotions are approved prior to the agreed upon start date.
• Ability to start and restart a deal prior to its start date, along with putting a deal in archive status while data is cleaned up in the system and in reports.

Broader visibility and insights

• A single repository for all vendor funded promotion deals; no more paper records! Enter all data into the app and easily share it among users.
• Ability to capture and report on the performance of deals by supplier, as well as how each deal contributes to each department.

Better communication with vendor

• Provide vendors with actual sales quantities and details, thereby facilitating tighter collaboration and communication between your organizations.
• The Report by Supplier shows which items were on a promotion during the predefined start and end dates, and can act as an invoice for quicker processing.