Price Navigator
Why Choose Price Navigator?
You should choose this if managing contract prices and ensuring compliance across procurement workflows is a priority. It keeps everything in check from contracts to invoices, helping you squeeze out max savings and avoid pricing mix-ups.
Manage the terms and negotiated item prices of all your local and GPO contracts; enforce contract pricing from the front end of the procurement workflow to the invoice eliminating discrepancies between contracts, purchase orders, invoices and rebates. This tool works in concert with our Marketplace product to deliver increased contract utilization and better compliance. The result is greater recognition of negotiated cost savings, admin fees and rebates. Additionally, this module works with our Exchange to ensure each purchase transaction is compliant with the specific contract terms and commitments; helping you realize more of the savings opportunities negotiated into your contracts.
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Price Navigator Introduction
What is Price Navigator?
Price Navigator is your central hub for storing and managing all local and GPO contract versions, documents, terms and price information. The tool allows you to maximize negotiated savings opportunities by ensuring the compliance of each purchase transaction against specific contract prices, terms and commitment thresholds. As well, Price Navigator is a price management engine that ensures prices are accurate in the ERP item master and the requisitioning workflow. The contract repository provides sourcing teams with visibility into spend on the contract; as well as, notification of key dates and price escalation across the term of the contract. In addition, the repository provides a single source of truth for savings initiatives that are negotiated into the contract.
How to use Price Navigator?
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Why Choose Price Navigator?
You should choose this if managing contract prices and ensuring compliance across procurement workflows is a priority. It keeps everything in check from contracts to invoices, helping you squeeze out max savings and avoid pricing mix-ups.
Price Navigator Features
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About Price Navigator
What Is Price Navigator?
Price Navigator is your central hub for storing and managing all local and GPO contract versions, documents, terms and price information. The tool allows you to maximize negotiated savings opportunities by ensuring the compliance of each purchase transaction against specific contract prices, terms and commitment thresholds. As well, Price Navigator is a price management engine that ensures prices are accurate in the ERP item master and the requisitioning workflow. The contract repository provides sourcing teams with visibility into spend on the contract; as well as, notification of key dates and price escalation across the term of the contract. In addition, the repository provides a single source of truth for savings initiatives that are negotiated into the contract.