Advanced trade and revenue management software for point of sale 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 and yet more difficult to execute.
In the era of big data, retailers are faced with a wealth of raw information to digest and then act upon. What deals are suppliers offering? How do I take advantage of them? What are my "final net" margins in light of supplier rebates and chargebacks? What should the shelf price be, by region, by channel?
Flintfox understands the challenges associated with vendor trade and revenue management processes. Our experts know your industry and can help your business drive profitable collaboration with suppliers and quickly achieve your revenue management goals.
Flintfox functionality for point of sale retailers
Minimise administration efforts
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
Utilise date effectivity and advanced agreement inclusion and exclusion facilities for all pricing/rebates to quickly determine membership parameters and ensure 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)
Recognise cost saving opportunities
Quickly recognise and take advantage of vendor cross-sell/upsell opportunities to reduce costs
Manage volume incentives
Manage volume incentive and chargeback programs, both based on purchases from vendors, sell-in, or sell-out/POS data to customers/consumers
Configurable settlement options
Financially accrue and settle vendor chargebacks, rebates, and co-op on configurable frequencies by program
Create financial accruals
Create or adjust accrual programs with retrospective dates, with the system automatically accounting for historical invoice data and financial postings
Supplier fund management
Track marketing funds/budgets by supplier, along with booked settlements and remaining balances to ensure 100% of available funds are claimed
Flexible rebate calculcations
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
Purchase decision support
Control visibility to various rebate conditions at the store level vs. central purchasing to protect margins yet allow pricing flexibility
Conditional rebate visibility
Make informed purchase decisions such as volume or forward buys based on vendor tiered offers
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.