Instill Takes Trade Spend Management to the Next Level -- Foodservice Industry Turns to Instill to Improve Contract Management
Instill Trade Spend Management is a customer-proven, web-based solution designed to help foodservice manufacturers gain critical insights into their business to grow sales and dramatically reduce the costs typically associated with trade program settlement. The solution retrieves, transforms, and feeds standardized trade program claim and sales performance information into an intuitive contract management application, allowing manufacturers to efficiently manage each phase of the trade spend process including program planning, contracting, claim validation, settlement, and analysis.
REDWOOD CITY, CA (PRWEB) October 5, 2005 -- Instill Corporation, the leading provider of technology solutions and services for the foodservice industry, today announced the release of version 3.0 of Instill Trade Spend Management. The latest release of the companys industry leading, end-to-end solution, a unique combination of supply chain information services and robust contract management capabilities, allows foodservice companies to improve trade spending effectiveness and enhance collaboration with trading partners and customers.
"In an environment where trade spend costs are rising faster than sales, charting a path to higher impact trade programs has become a strategic imperative for most foodservice manufacturers," said Anthony Wilson, president & CEO of Instill. "Our customers look to us for foodservice expertise and the technology solution required to enable their trade spend initiatives."
Instill Trade Spend Management is a customer-proven, web-based solution designed to help foodservice manufacturers gain critical insights into their business to grow sales and dramatically reduce the costs typically associated with trade program settlement. The solution retrieves, transforms, and feeds standardized trade program claim and sales performance information into an intuitive contract management application, allowing manufacturers to efficiently manage each phase of the trade spend process including program planning, contracting, claim validation, settlement, and analysis.
The latest release of the solution improves on industry leading capabilities that include:
- Automated collection, standardization, and integration of claim and proof of performance information submitted by distributors and operators
- Systematic monitoring of reported claims for timeliness and completeness
- Central repository to store, track, and measure all trade spend agreements
- Expanded set of easy-to-use contract creation izards based on specific contract types
- Intelligent contract flow, approvals routing, and notifications
- Automated term validation, exception identification, and settlement of claims, bill-backs, and deductions
- Integration with back-end financial systems enabling automated payment
- Configurable set of reports and analysis that provide immediate insights into claim activity, contract commitments, purchase activity, product usage trends, program effectiveness, compliance, and more.
For more information, please visit www.instill.com or feel free to call 1-888-INSTILL.
About Instill Corporation
Information to Understand Your Business
For more than a decade, Instill has been helping customers build enterprise value by applying innovative technology and industry expertise to address the unique challenges facing foodservice companies. Industry leading companies such as General Mills, Procter & Gamble, International Multifoods, Sodexho, and SUBWAY/IPC leverage Instills solutions -- a unique combination of supply chain information services and analytic applications -- to reduce costs, control risks, and grow revenues. Instill is headquartered in Redwood City, California, and can be reached at 1-888-Instill or at www.instill.com.
©Instill Corporation 2005. All rights reserved. Instill, the Instill logo and Instill Trade Spend Management are registered or unregistered trademarks or service marks of Instill Corporation.
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