Vendor Trade Management

for Microsoft Dynamics®

Challenges

Suppliers may simply offer quantity based price discounts on their invoice to you, but increasingly their contracts for supply involve a basket of price breaks, promotional allowances and rebates. All of these details must be simply presented to Accounts Payable, so with this information at their fingertips you do not pay any of your vendors more than agreed. Providing your purchasing department with all vendor promotional options in a useful format at time of PO creation ensures they get you the best deal available every time. In addition many promotional allowances and most rebates ’earned’ on your purchases must be tracked, accrued, and deducted or claimed for at the appropriate times.

As more vendors now utilize these latter ‘after the event’ types of allowances rather than simple discounts on their invoices, the ability to easily calculate and so accrue for them becomes more important for financially prudent organizations.

Vendor Trade Management for Dynamics has been developed specifically as a dedicated module for Microsoft Dynamics AX customers who want and need a robust, full-service solution to the complexities of supplier pricing arrangements, encountered when purchasing materials and components for manufacture, or finished goods for distribution.

Features

• Maintain directly through the Dynamics AX user interface all structures and details for complex vendor pricing, promotions and rebates, along with associated accrual and claim processes
• Vendor accrual and vendor rebate processes create the necessary journals and debit notes directly into Dynamics AX
• Date sensitive product attributing along with general ledger matrices, enable the automated maintenance of membership of product groupings, and the pricing membership for cost price lists and volume rebates
• Checking on vendor invoice pricing and claiming for volume rebates owing is easy. No longer rely on suppliers always getting their invoice pricing right, nor for them to accurately calculate, then pay rebates owing in a timely fashion.

Benefits

• Add to your profit rather than leaving considerable sums owing to you on your suppliers’ tables. With Vendor Trade Management tools you can efficiently administer in a proactive manner
• Better manage and control payments, so true profitability is always known
• Ensure the best deals offered are taken, and that no rebates are left un-claimed, as all vendor promotional and rebate pricing details are readily available, in one place, the Vendor Trade menu within Dynamics AX
• Automation of accrual and rebate processes ensures financial information is accurate with cost of sales not overstated, all the while greatly reducing administrative costs
• Changes to pricing deals, volume rebates and other promotions offered by vendors are able to be entered ahead of time, with the system automatically knowing when they are ‘live’ and taking them into account
• Minimise staff training costs and substantially reduce the time to benefit, with complete integration into Dynamics AX

Next Steps

To find out how Flintfox Vendor Trade Management for Dynamics AX can meet your specific needs, contact us. We welcome the opportunity to discuss your situation.