With a sound revenue management strategy, it becomes easier to understand the true profitability of the customer and vendor sales and purchase activity within an organisation. There are considerable costs involved in maintaining disparate sources of information for pricing and trade related expenses and income, in the form of multiple spreadsheets, or external sub systems. By consolidating systems and processes, maintenance costs are reduced and all data is readily available for return on investment (ROI) analysis to make it easier to identify effective and ineffective trade promotions as well as pricing and margin imbalances.
With immediate revenue and expense recognition facilities, Flintfox ensures no end-of-month or end-of-year overspend (or underspend) surprises, and gives organisations a more accurate picture of their profitability. As one of the pillars of trade and revenue management, profitability is an essential key to growth.