Oracle automates price protection in Channel Revenue Management software suite
Aimed at distributors and developed with Infosys Technologies, Oracle Price Protection is a new application that automates the price protection transactional processes and streamlines overall pricing, promotions and product discount management.
Aimed at distributors and developed with Infosys Technologies, Oracle Price Protection is a new application that automates the price protection transactional processes and streamlines overall pricing, promotions and product discount management. By automating, aggregating and streamlining processes, it enables distributors to quickly access purchasing, inventory, costing and financial information which in turn alls them to reduce errors during claims execution, speed settlements, and mitigate future discrepancies.
The application seems likely to preserve and improve customer relations by avoiding and resolving conflicts while ensuring appropriate pricing for those involved. Oracle says the new application, announced July 13, 2009, is helping a Fortune 500 global electronics distribution company in the high-tech industry is managing supplier agreements, re-valueing inventory, revising business documents, and processing claims with its trading partners.
The Oracle Price Protection application, developed with Infosys Technologies Ltd., is designed to work out-of-the-box with the Oracle E-Business Suite Release 12.1. Oracle Price Protection leverages the power of Oracle Fusion Middleware, the company says, enabling easy integration with existing ERP systems and requiring minimal IT resources for rapid deployments and providing value through low cost of ownership.
Oracle Price Protection support s:
– Claims submitted and settled for covered product inventory both on-hand and delivered to customers.
– Open purchase orders that are adjusted with the latest inbound price list updates.
– Rapid notification to pricing team members needing to publish updates to outbound/channel price lists.
– Costing and financial system updates that reflect price cost changes in real-time.
Ravi Kumar, vice president and global head of Oracle Practice, Infosys Technologies Ltd., called the the solution "a first-of-its-kind development initiative" with Oracle.
"Price changes are frequent, causing complex issues for distributors. Fluctuating prices result in highly manual processes and are prone to error," said Cliff Godwin, senior vice president, application development, Oracle. "We’ve designed Oracle Price Protection to integrate into existing application infrastructures and automate these processes to help ensure financial accuracy, preserve cash flow and improve margins for distributors," Godwin says.
Infosys is a Certified Advantage Partner in the Oracle PartnerNetwork.
See related Oracle PDF, showing more of this diagram: " Oracle and Infosys Deliver Innovation and Value for High Technology Distributors ."
– Edited by Mark T. Hoske, electronic products editor, MBT www.mbtmag.com