Advanced trade and revenue management software for home furnishing manufacturing
Home furnishing manufacturers face a number of unique, industry specific challenges. Complex global supply chains require strategic and synchronised long-term planning, marketing, and forecasting. Changing consumer demand, proliferation of sales to big box stores, online retailer management, and container purchasing programs are just a few of these unique challenges. Retaining a motivated, knowledgeable, and fairly compensated sales force is yet another dilemma. Warranty processing, efficient returns management, parts and accessory services, and executing creative customer marketing programs are all essential to the sustainability of a home furnishings supplier.
Flintfox understands these pains and delivers innovativerevenue management solutionsto simplify pricing, promotion, and rebate complexity. With Flintfox, you can efficiently expense, accrue, and automatically settle liabilities, while operating within a dynamic omni-channel sales environment. Utilise Flintfox industry expertise and technology to drive efficiency, gain market share, and increase margins.
Flintfox functionality for home furnishing manufacturers
Minimise administration efforts
Define pricing, promotions, and rebates by any customer, product, or transactional hierarchy/attribute such as geography, chain, product collection, category, warehouse vs. container, 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
Expense activity as it occurs, greatly reducing end of month processing via real-time accrual processing and settlement facilities (automated updates/adjustments/corrections)
Configurable commission calculations
Calculate and settle sales rep commissions, bonuses, and incentives; split commissions, growth programs, net of rebates, deductions, or early payment discounts
Interactive deduction workbench
Reduce leakage with full deduction workbench: quickly reconcile short payments, minimize days sales outstanding, and greatly reduce administration efforts
Effective promotional support
Customer level promotional support: off-invoice discounts, instant credits, defective allowances, floor samples, and more
Buy-in pricing for new placement or Highpoint/Vegas market show orders
Manage floor sample policies
Manage floor sample policies with appropriate discounts and quantity provisions
Manage pricing by order type
Manage intricacies of domestic vs. container pricing, as well as customer drop ship orders from the warehouse
Buying group management
Seamlessly manage relationships, as well as discounts and rebates to customers/buying groups on individual and/or group volume attainment levels
Flexible commission payments
Flexible commission payments on order type (floor sample vs. special orders), product category, product quantity/volume, account type, and more
Subsidy program management
Manage various subsidy program accruals (trailing credits, floor samples, co-op, rebates, return allowances, advertising support, POP) with optional settlement methods by program
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.