This customer success study shows how PROS helped a $14B Electronic Component Manufacturer gain visibility into the harsh reality that only 20% of contracted sales were in compliance of their volume commitments. With PROS, this manufacturer is armed to plug those profitability leaks!
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Customer success study - Leading electronic component manufacturer
1. New visibility into customer performance and
contract compliance has helped this $14B
manufacturer steadily plug the profitability
leaks of negative margin customers.
CUSTOMER SUCCESS STUDY:
LEADING ELECTRONIC
COMPONENT MANUFACTURER
Lack of visibility led to revenue leakage as customers became aware that they would not be held accountable for compliance
to committed volumes
Like many large corporations, this manufacturer lacked coordination of data management across business units and
functional areas. Because a single transaction could not be tracked back to its original contract without weeks of review,
customers figured out a way to take advantage of paying high-volume prices for low-volume purchases.
CHALLENGES
Integrating data models in PROS centralized solution platform has made contract compliance possible.
With PROS solutions, this multi-billion dollar manufacturer can now track a transaction back to its original agreement
within minutes instead of weeks, regardless of its sales channel. This transparency enables analysts to track volume
compliance throughout the contract lifecycle and proactively address concerns that customer consumption is not meeting
contracted volumes.
SOLUTIONS
Sales and contract teams are empowered to close better business and avoid revenue leakage.
Prior to deployment of the PROS solution, analysts spent weeks tracking down data to support a contract negotiation and
many cycles were wasted establishing data validity. Now, analysts have the data at their fingertips and can spend their
time providing proactive and strategic guidance on renewals and negotiations. Further, this manufacturer can now engage
a customer in renegotiation prior to renewal when volume commitments are not attained. With PROS, putting a stop to
revenue and profitability leakage became a reality for this electronic component manufacturer.
RESULTS
Centralization of agreement analytics has been an eye-opener for sales, giving teams insight
into a harsh reality: less than 20% of contracted sales were in compliance with their volume
requirements. Acknowledging that large sums of money were being left on the table, teams are
now empowered to hold customers accountable and negotiate more profitable contracts.