Advanced trade and revenue management software for assisted retail
The new age of retail is here. Never have shoppers been smarter, more omni-channel oriented and demanding, social, and less brand loyal. Never have the principles of revenue management (right product, right time, right channel, right price) been more important to execute.
In the era of big data, assisted retailers who interact with the customer and often have pricing latitude, are faced with a wealth of raw information to digest and then act upon, quickly. What is my current margin? Do available vendor rebates support a lower price?
Flintfox understands the challenges associated with vendor trade and revenue management processes. Our experts know your industry and help you make those quick, profitable decisions.
Flintfox functionality for assisted retail
Minimise administration and increase accuracy
Define pricing, discounts, and rebates by any vendor, product, or purchase order hierarchy/attribute such as direct, indirect, reseller/wholesaler, buyer, product group, pack size/UOM, purchase point, receiving warehouse, payment terms, simplifying agreement maintenance and increasing accuracy
Recognise income/expense as it occurs, greatly reducing end of month processing via real-time accrual processing and settlement facilities (automated updates/adjustments/corrections)
Flexible settlement options
Settle vendor rebates through accounts payable or accounts receivable, via automated settlement jobs, deductions, or manual claims
Vendor trade management
Manage purchases and associated pricing and available manufacturer rebates when sourced directly or through secondary/wholesale/indirect suppliers
Flexible rebate calculations
Calculate and settle vendor rebates on list or net invoice less other rebates (waterfall), returns, or early payment discounts
Increase margins via targeted pricing
Make informed decisions on retail pricing by fully understanding margins including vendor discounts and rebates
Conditional rebate visibility
Control visibility to various rebate conditions at the store level vs. central purchasing to protect margins yet allow pricing flexibility
Real-time price decision support
Empower sales professionals to make informed decisions at the time of sale by fully understanding margins including vendor rebates
Utilise cross-sell/upsell and directed selling abilities to increase order volumes and drive additional revenue
Drive larger order baskets
Utilise mix and match and flexible combo promotional offers to set purchase requirements/discount levels and drive larger order baskets
Let us help you become more flexible, competitive, and profitable
Our team of experienced professionals will work with you to support your objectives and maximise efficiency, giving you the freedom to focus on growing your business.