HOW IT WORKS
The first collaborative value-driven platform designed specifically for the advertising, media, and marketing industry.
We empower brands, agencies, and suppliers to ACT on system benefits through an easy registration and set up process to:
- Authorize the unlocking of shared benefits by uploading invoices and related documents on the platform
- Control system collaboration with our Deal Wizard technology that applies your KPIs/business rules for early pay discounts and additional benefits
- Track your benefits through with customized Deal Wizard instructions and transparent dashboard
Here are a few of the benefits you can gain by leveraging CarrotXChange:
Reduce the costs of your media spend
Increase & optimize trade working capitol
Eliminate time chasing and responding to payment requests
Enhance trading relationships
How CarrotXChange Works
1. Connect
We digitally connect Agencies, Brands, and Suppliers in a single, secure platform.
2. Setup
Invoices and other documents required by the participants are uploaded into the platform.
3. Collaborate
Partners collaborate to leverage payment terms in exchange for both discounts and customizable economic benefits.
4. Deal Wizard
Agencies utilize our proprietary and automated Deal Wizard to facilitate offers and counteroffers between partners; all based on each partner’s KPIs/business rules.
5. Assess
AI technology within the Deal Wizard calculates the economic value or “Carrots” each partner is deriving, and can even suggest terms based on past trading history.
6. Agree
& Close
Once partners agree on the deals, closing instructions are auto-generated and incorporated back into your existing payment processes.
Other Services
CarrotxChange understands the unique interdependencies between brands, agencies and suppliers in the marketing and technology industries. This experience allows us to offer the following value-added services:
- Invoice financing
- Best practice consulting
- Process transformation
- Guided implementation / concierge support