SYSPRO Introduces Functionally Rich, Highly Affordable, Fully Integrated Trade Promotion Management System
SYSPRO, a producer of enterprise software, has announced the general release of its Trade Promotion Management System, which automates supplier initiated trade promotions, including Trade Promotion Management, Deduction Management, Complex Pricing and Multi-tier Credit Checking. The new solution is targeted at SME manufacturers and distributors that sell products through retail outlets. Because the SYSPRO Trade Promotion Management System (TPMS) fully links to other SYSPRO ERP modules, SME suppliers that rely heavily on trade promotions can experience all the efficiencies of a totally integrated supply chain solution. With a foundation of SYSPRO ERP, suppliers can coordinate the management of trade promotions with SYSPRO Customer Relationship Management to administer complex business relationships, SYSPRO Advanced Planning & Scheduling to maximize on-time deliveries throughout the supply chain and SYSPRO E-Commerce, SYSPRO Web Applications and SYSPRO EDI to facilitate supply chain communications, since EDI is typically a requirement to do business with larger retail outlets.
The SYSPRO TPM System is a highly cost-effective, functionally rich, totally integrated alternative for SME manufacturers and distributors, whose only choices, up to now, have been labor-intensive investigations and manual calculations, high-end, costly Tier One software systems or stand-alone solutions that require extensive system integration.
The SYSPRO TPM System enables suppliers to plan and execute successful promotions while maintaining tight monetary controls. It automates, manages and controls all forms of vendor allowances, including the handling of documentation and the approval of deals. By automating the research, validation, and settlement of deductions as well as charge backs and claims, suppliers have the opportunity to realize substantial savings and improve cash flow by limiting unearned deductions.
The SYSPRO TPM System allows multi-tier credit checking across a hierarchical structure so companies can easily establish intelligent credit limits at the highest tier and have lower tier transactions rolled up into the highest tier for checking credit limits. The system also automatically checks credit limits for incoming EDI orders.
The SYSPRO TPM solution lets a supplier set common and practical promotion rules, establish pricing based on individual products, product classes or groups and extend promotions to a select class of customers or geographic areas. It enables users to easily identify qualified promotions and to select them at the time of order entry. Because pricing groups cover multiple line items in order entry, users can easily recalculate prices at any time. Additionally, the system enables product groups to be designated by specific prices or percentage discounts. Off invoice promotions can take the form of price changes, line promotions or order promotions. The system facilitates the tracking of accrued promotions, matching them with specific deduction codes and even automatically applies applicable pricing for qualified promotions for incoming EDI orders. A Deduction Review Facility allows credit managers to easily authorize or reject and reinstate deductions.
According to Joey Benadretti, SYSPRO vice president, "A major challenge for credit managers is tracking earned and unearned promotional deductions. If not managed properly, these deductions can result in hundreds of thousands and even millions of dollars in write-offs. Resolving deductions can require a great deal of time-consuming research. Exacerbating the problem is that suppliers are enhancing their promotional efforts, extending discounting to gain shelf space and grow sales. With such volume, manufacturers and suppliers are prone to allow deductions without approvals and investigation. In a simple scenario, a company with 10,000 invoices a year and having only two deductions per invoice, has to manage 20,000 deduction transactions per year. This can be extremely time consuming."
"Now, SYSPRO provides an affordable software solution that enables small and medium size manufacturers and suppliers to exercise the necessary controls to halt discount abuses, enhance their cash flows, add to their bottom lines and help facilitate Sarbanes-Oxley compliance," continued Benadretti.
SYSPRO is one of the world's most honored software companies. Recent milestones include: Voted Number One in Middle Market Category in the 2003 K2 Enterprises Annual Reseller/Consultants Accounting Software Survey; The K2 Quality Award for "Installation Channel/Methodology" for the SYSPRO STARS Implementation Methodology in 2003 and 2003; Recipient of START Magazine's First Annual Vision Award (2001) and "Hottest Company" designation for four years; Finalist for Developer of the Year (2002) by Software Council of Southern California; Ranked Among World's Top Software Companies in 2003 by iSource Magazine; MSI Magazine (1995 through 2003) and Software Magazine; and Highest Ratings in Accounting and Manufacturing Software Reviews by CPA Software News for ten consecutive years.
SYSPRO software is marketed worldwide through offices in the U.S., Canada, Africa, Australia and the U.K. For more information please see www.syspro.com or email at: info@us.syspro.com.