Advanced trade and revenue management software for hi tech manufacturing
Of course we all know that hi tech manufacturers face all the same challenges of typical manufacturers such as margin erosion, inventory and supply issues, increasing costs, and forecasting inaccuracy. However, they also face additional pressures such as stale pricing, warranty and servicing issues, outsourcing complexity, globalisation challenges, and shorter product lifecycles.
Flintfox experts understand your industry and deliver solutions to drive additional revenue to your bottom line. As global markets evolve and sales strategies become more omni-channel, are you prepared systematically to handle the change? Utilise Flintfox best in class pricing, promotion, and rebate flexibility, along with Flintfox’s super speed, in-memory,RMx Performance Pricing engineto ensure accurate, real-time calculated prices across the enterprise, not only protecting margins but driving profitable growth.
Flintfox functionality for hi tech manufacturers
Minimise administration and increase accuracy
Define pricing, discounts, and rebates by any customer, product, or transactional hierarchy/attribute such as geography, account type, product group, pack size/UOM, ship point, simplifying agreement maintenance and increasing accuracy
Pricing speed and scalability
Super speed in-memory pricing engine scales to over 1 million price requests per minute, ensuring pricing is always calculated accurately and in real-time across an omni-channel sales strategy
Utilise cross-sell/upsell and directed selling abilities to increase order volumes, drive additional revenue, or sell warranties
Timely accruals and settlements
Ensure all customer rebate and loyalty programs are financially accrued and settled in a timely manner
Automate financial accruals
Create or adjust accrual programs with retrospective dates, with the system automatically accounting for historical invoice data and financial postings
Seamless returns processing
Ensure all pricing elements are captured and accruals properly clawed back during the RMA/RTV process
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
Interactive claims workbench
Leverage a full claims workbench to quickly process customer payment requests/chargebacks: code, age, report, and issue AR credits
Utilise third party data
Upload, analyse, and accrue trade liability off reseller, distributor, and scan/POS data
Automate complex pricing
Flexible pricing rules for best price, priority pricing, and sequencing eliminate development work for special situations
Configurable settlement options
Accrue rebates nightly, but settle on any frequency (monthly, quarterly, yearly) by program type
Utilise mix and match and flexible combo promotional offers with configurable purchase requirements and discount levels to drive additional revenue
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.