QAD Advanced Pricing Management (APM), Medical_

Flexible definition and management of contracts, deals and promotions
Visibility and management of trade spending and budgets
Controlled and efficient processing of claims and rebates
User-definable customer/item attributes and customer grouping structures to support brokers and group purchasing organizations
Includes a Division/Region/Area/Zone structure for clear definition of sales channels
Automates price list management for Sales Order Entry via new deal/promotion records
Supports complex rebates and comprehensive accrual processing
Integrated with QAD General Ledger, Accounts Receivable and Accounts Payable for all financial transactions
Provides a full 'trade spend' control mechanism including budgets
Buying Groups, with date effective membership

Life Sciences Contract Complexity

Contracts, deductions and invoices are validated against planned amounts
Incentive/rebate tables are maintained with automatic period processing
Optional accruals can automatically show the company's true exposure to outstanding claims, ensuring correct accounting
High-level, promotional budgets are maintained enabling management to monitor activities

Add and Edit Promotions or Contracts to Track Trade Spend Details

Buying Groups, brokers and individual customers are easily managed through grouping structures and site-definable attributes
Customer Groups can be explicitly created or created using templates of site-defined attributes enabling easier promotion and pricing management
QAD APM Medical enables sales processes to be divided into many sales channels, and can be executed from the same manufacturing and distribution setup
Contracts can easily be created for buying groups with links to their member companies with date effective membership.

Contract and Promotion structure is extremely flexible, allowing a wide variety of formats, which can be implemented concurrently or consecutively
Contracts and Promotions can be linked to individual customers, customer groups, or to buying groups, such as brokers, GPOs, or IDNs.
Links all trade-related claims and deductions to a promotion, and automates the associated accounting so a company can effectively track the costs associated with any individual promotion
Extensive tracking is available for reporting purposes
Sales can be traced to purchasing medical institutions for accurate tracking of purchases and related rebates

Contracts or Promotions Established by Product or Product Group

Provides the ability to compare planned and actual trade spending against a preset budget providing a strong management tool and control mechanism
Allows a high-level view of budgets, summarizing them at relevant control points and highlighting exceptional conditions

Investigate Budget to Actual Spending by Period with Drill Down

Rebates, or retrospective discounts, as well as commissions, royalties and bonuses can be paid on a periodic (monthly/quarterly/annual) basis
To support this activity, QAD APM Medical provides accrual and adjustment functionality

Documents all aspects of deal activity including retrospective deals such as rebates, claims, samples and seed money
When claims or deductions are received, the promotion data can be validated for an accurate determination of the claim's acceptability
Automatic validation of chargeback requests is also available