Advanced trade and revenue management software for oil and gas distribution
Perhaps no industry faces more complex challenges than oil and gas distribution in today's market. Tumultuous oil and gas prices along with demand volatility make it very difficult to manage margins. Competition from alternative energy sources, huge capital investment requirements, as well as aging and siloed legacy software systems are just a few of the challenges you face.
Flintfox understands distribution and provides innovative tools to address these challenges. With Flintfox, you can quickly and efficiently plan, develop, and execute pricing and incentive programs. Automatically expense, accrue, and settle all vendor and customer rebates and commission programs, providing accurate visibility into customer and product level profitability. Utilise the Flintfoxrevenue management suiteto drive increased collaboration between suppliers, distributors, and customers throughout your supply chain.
Flintfox functionality for oil and gas distributors
Minimise administration efforts
Define pricing, discounts, and rebates by any customer, vendor, product, or transactional hierarchy/attribute such as geography, market, chain, product group, pack size/UOM, supply point, simplifying agreement maintenance and increasing accuracy
Apply date effectivity and advanced agreement inclusion and exclusion facilities for all pricing/rebates to quickly determine membership parameters and ensure accuracy
Automate UOM conversions
Automate UOM conversions in relation to pricing and discounts/upcharges: barrel, litres, BTU, kgs, lbs, gallons, tons, mt, pallets, cases, each, bottle
Manage volume incentives
Manage volume incentive programs, based on purchases from vendors and sales to customers, with the ability to control percentages flowing each way
Configurable settlement options
Financially accrue and settle vendor chargebacks and customer rebates on configurable frequencies by program
Configurable commission calculations
Calculate and settle commissions, bonuses, and incentives; split commissions, growth programs, net of rebates, deductions, or early payment discounts
Only manage master data
Greatly reduce agreement maintenance by managing only the master file data and not individual agreements with unlimited attribute and hierarchy membership definitions
Fund performance tracking
Ability to distribute and account for funds given to customers in the form of trade loans including; paying vendors up front, automatically accruing amortization based on purchases by customers, reporting on and tracking loan performance individually and at a portfolio level, managing risk and collections
Automate volume pricing
Standardise volume based pricing allowances across common units of measure regardless of packaging configuration
Increase efficiency and sales
Increase sales through automated pricing freeing up customer service personnel time to upsell and cross-sell during order taking
Flexible promotional strategies
Manage alternative promotional strategies like free goods, giveaways, lump sum accruals, and more
Manage supplier rebates
Manage supplier rebates and what portion (if any) is shared with dealers on a deal by deal basis
Thinking about a Flintfox solution for your organisation?
While most trade spend and revenue management solutions provide management functions to help you deal with your customers or trade partners (sell-side), Flintfox can also manage the trade related activities associated with your suppliers or vendors (buy-side), including pricing, promotions and rebates.