Advanced trade and revenue management software for chemicals, oil and gas, and mining manufacturing
Perhaps no industry faces more fluctuations in price and market demand than the chemicals, oil and gas, and mining industries. The tumultuous oil and gas market along with demand volatility make it very difficult to manage margins. Huge capital investments, aging and siloed legacy software systems, globalisation pressure, import/export and related pricing complexity are more challenges just to name a few.
Flintfox experts understand your industry and deliver solutions to help drive additional revenue to your bottom line. As global markets evolve and the volume of data to consume increases, are you prepared systematically to handle the change? Do you understand actual margins including variable pricing and vendor rebates? Utilise the Flintfox best in classpricing, promotion, and rebateflexibility to drive efficiency, gain market share, and increase margins.
Flintfox functionality for chemicals, oil and gas, and mining manufacturers
Minimise administration efforts
Define pricing, discounts, and rebates by any customer, product, or transactional hierarchy/attribute such as geography, port, product class, UOM, supply point, simplifying agreement maintenance and increasing accuracy
Utilise date effectivity and advanced agreement inclusion and exclusion facilities for all pricing/rebates to quickly determine membership parameters and ensure accuracy
Automate UOM conversions in relation to pricing and discounts/upcharges: barrel, litres, BTU, kgs, lbs, gallons, tons, mt, pallets, cases, each, bottle
Flexible settlement options
Settle customer trade spend automatically or manually through accounts payable or accounts receivable
Automate financial accruals
Create or adjust accrual programs with retrospective dates, with the system automatically accounting for historical invoice data and financial postings
Configurable commission calculations
Calculate and settle internal/agent 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
Unlimited pricing flexibility
Utilise configurable calculation methods for pricing: List, $ or % mark ups, margin pricing, net or contract pricing, all with date effectivity
Automated price validation
Handle price discrepancies when incoming EDI order’s price differs from internal price sheet, as well as determine internal price based on incoming EDI fields
Transactional pricing flexibility
Price by any attribute of the sale to include Delivery Address, Arrival Port, Delivery Terms, and more – particularly for goods that are transported via vessel
Manage complete agent commissions programs where fees are paid to outside sales agents for particular sales by Country, Region, etc.
Distribute and measure trade funds
Ability to distribute and account for lumpsum/MDF funds given to customers in the form prepaid rebates; automatically accruing amortization based on purchases by customers, reporting on and tracking performance individually and at a portfolio level, managing risk and collections
Thinking about a Flintfox solution for your organisation?
If you are trying to evaluate and consider potentially enhancing your current sales and trade revenue management processes and solutions, the first step is to identify the ultimate maturity goal you should strive for. As part of that evaluation process, it’s critical to define at an appropriate level, what needs to be done to move towards and achieve that goal.
If you’d like us to review this with you, we’d be happy to help. Contact us to discuss how we can deliver a trade and revenue management solution to suit your unique manufacturing environment and meet your long-term profitability goals.