Case Study: Best Buy achieves 70% faster contract turnaround with Icertis Contract Intelligence Platform

Best Buy Deploys Icertis to Digitally Transform Commerce

Best Buy, a leading North American electronics retailer, manages thousands of supplier agreements with detailed provisions for promotions, rebates and other commercial terms. Manual contracting and promotion tracking created slow turnaround, limited visibility across the contract value chain, wasted time, and risked lost revenue and reduced margins.

To address this, Best Buy deployed the Icertis Contract Intelligence platform to digitize rebate and promotional contracting, create a single source of truth for tens of thousands of supplier agreements, and improve the vendor experience. The result: contract turnaround time improved by 70%, accelerating cash flow and delivering significant efficiency gains for both business teams and vendor partners.

Best Buy