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| CONTRACT AND REBATE MANAGEMENT (CARMA) |
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CaRMA provides the electronic communication, validation and synchronization of contract and performance data among manufacturers, distributors, operators, and brokers resulting in more timely and accurate payments as well as lower administrative costs on rebates, billbacks and programs.
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| Realized Benefits |
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CaRMA facilitates the electronic communication of programs/agreements across organizational boundaries, resulting in a common understanding among all relevant parties. Elimination of manual entry and electronic contract routing and synchronization will ensure all trading partners retain a common definition of the deal (same products/categories, durations etc.) resulting in fewer disputes at the time of settlement.
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CaRMA validates sales performance information against the definition of the original agreement to compute the proper invoice/payment amounts. A neutral validation of such information ensures faster and more accurate payments on contracts. In addition, iTN's automated validation step reduces administrative time needed to perform this task.
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CaRMA synchronizes proprietary references to all pertinent data (i.e. item codes, location information etc.) as that data is shared. Translation of such information is essential as data is compiled and passed from one proprietary system to another, making for easy and precise electronic communication.
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CaRMA provides a common data repository for reference. As information passes through the CaRMA application, it is stored for future reference. Instances where disputes do arise, this independent, common reference will expedite resolution. In addition, this data can be used as a source for analysis, reporting and future business intelligence needs.
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CaRMA can be integrated with current systems to maximize efficiencies and internal investments.
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Integration with procurement and logistics maximizes efficiencies and minimizes internal upfront and ongoing costs
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