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With multiple moving parts and processes, you simply can&rsquo;t afford not to automate. The Vistex advantage is in the core component and foundation or automation of controls and contract compliance. We provide you with the ability to create multiple compliance and validation rules to unravel complex contracts which contain overlapping components such as pricing terms, period parameters and product purchase combinations at the lowest bill of material or SKU/UPC level. &nbsp;

We understand that the information required to perform the validation controls often resides in multiple areas or in multiple applications. The advantage will be in your ability to connect and centralize these data areas in real time and execute the defined automated rules validation process for contracts. In doing so, you will have the ability to control and prevent contracts that could create margin erosion by going below a dead net threshold.&nbsp;

With digitalization and automation components in place, an end user can create and control a pricing contract for hard stops or exceptions that require workflow capability. When a contract term is created, regardless of the complexity, the application will look at the forecasted/actual cost components defined and compare it to a predefined margin threshold.&nbsp;

The Vistex application can create a hard stop and prevent the input, request the user to select an &ldquo;accept or not accept,&rdquo; or it will automatically route notifications for approval using our workflow management solution, all in an effort to prevent margin erosion from occurring.

Automation is required