Rapidly changing prices, increasing regulations, volatile markets, and the management of thousands of business partners in the value chain are making a complex business even more complex for agricultural firms.
Amid all these challenges, there is a myriad of multifaceted contracts to manage and, in today’s world, this requires increasingly sophisticated skills and tools.
Easier contract management for all partners and commodities
This is where the SAP Agricultural Contract Management application comes in. This solution helps you manage contracts throughout their lifecycles using agricultural-specific terms and conditions. You can get comprehensive support for all your contracts, such as those for all of your business partners and for a wide range of “soft” commodities – including corn, wheat, soybeans, coffee, cocoa, sugar, and cotton.
With SAP Agricultural Contract Management, you can more effectively streamline all contract management processes, control and track expenses related to individual deals, and consolidate complex settlements with your business partners. Plus, you can take advantage of automated high-volume processing with configurable business rules. This can significantly reduce the number of manual transactions related to each contract, saving you considerable time and effort while improving business-by-exception decisions during contract applications.
This software helps you reduce the complexities of your business with a single solution that provides you with:
- Comprehensive contract management – Handle all contracts throughout their lifecycles using accurate, agricultural-specific contract terms; automatically execute contract application; and settle contracts for standard and complex scenarios
- Contracts for many types of commodities – Include terms for flexible pricing, time periods, quality criteria, optionalities, and quantity tolerance
- Support for contract amendments, cancellations, washouts, and commingled stock scenarios – Manage multiple contracts with thousands of business partners
- Integration with risk management software – Benefit from optional interfaces provided by the application
With functionality such as this, you’ll see increased flexibility, transparency, and scalability, which will allow you to drive more effective contract management for your agricultural commodities.
To learn more about how this solution can help your firm, read the solution brief entitled, “Effective Handling of Agricultural Contracts in an Increasingly Dynamic Market,” or visit the SAP Custom Development Services page.