Supplier contracts are one thing…
In retail, wholesale and industry, purchasing is often centralised for the company as a whole. Standard contracts are developed but unfortunately, a central hub is often missing, where all contracts and intermediate agreements are safeguarded, monitored and invoiced. And so expiration dates and cancellation periods are sometimes overlooked. This results in substantial risk and in missed savings during renegotiations. There are two key factors that can remedy this situation. First of all, awareness among buyers that their agreements are valuable and should be monitored by the organisation. But also a strong system that provides good management information without bureaucracy. Together, the process and the system can bring about improvement.
… conditions are quite another!
Of course there are organisations that have their contract management under control. What tends to be lacking however, is effective spend analysis and calculation of amounts receivable from suppliers. Such amounts are derived from conditions, such as (growth) bonuses, media contributions, logistics efficiency and payment discounts. There is no standard contract management system to support all aspects of this income, despite this possibly involving many millions each year. Some organisations have therefore invested huge sums of money in order to develop their own solution.
GRIP fills this gap in the market
AXI and Recentes have worked together to develop the standard GRIP package. Accessible and intuitive software for the registration of supplier contracts and conditions. Not bound by a specific ERP environment. Spend is input and analysed, and the current value of conditions calculated. Invoicing proposals are created, but also prognoses and annual settlement accounts. Wizards support users to make the package extremely user-friendly. Spend and income can be analysed using various dimensions such as over a period of time, by supplier or by category. This makes it very easy to monitor whether the next bonus discount scale is within reach.
This package is a huge step forward for controllers and buyers alike. Less missed income, more grip and more control. Reduced risks in case of personnel turnover. It becomes clear to suppliers that leaky contracts will not be tolerated. AXI and Recentes already foresee a future expansion of the GRIP functions. AXI guarantees state-of-the-art development, while Recentes contributes practical experience. GRIP is a package with future potential!
If you’d like to know more about GRIP, please contact Mike Snepvangers of AXI (email@example.com or +31 (0)6-22423194) or Gerrit Eikenaar of Recentes (firstname.lastname@example.org or +31 (0)6-54288062).