With Model N, NXP is acquiring an integrated and scalable enterprise solution that will enable us to create and protect value in all our channels worldwide
Redwood City, CA (PRWEB) October 28, 2010
Model N, Inc., the leader in Revenue Management solutions, today announced that NXP Semiconductors (Nasdaq: NXPI) has selected the Model N High Tech Revenue Management Suite, including Global Price Management, Deal Management, Channel Revenue Management, Deal Analytics, and Contract and Compliance Management to align processes across its global business.
After a thorough evaluation of competitive offerings, including pricing and channel management vendors, NXP determined that Model N's industry-focused solution, combined with its comprehensive application support services, made it the right company with which to collaborate globally across the company's European, Asian, and Americas operations. In addition, Model N's deep semiconductor industry expertise, best practices standardization, product maturity, and ability to integrate with Salesforce.com CRM were deciding factors in the selection process.
The global deployment will make Model N a core NXP enterprise solution, replacing 10 current tools and systems with an integrated, domain-specific platform that will allow NXP to improve price execution, enhance financial compliance, and increase visibility into channel sales activity and contract performance in a highly competitive semiconductor market.
"With Model N, NXP is acquiring an integrated and scalable enterprise solution that will enable us to create and protect value in all our channels worldwide," said Mike Noonen, Senior Vice President, Worldwide Sales and Marketing, NXP Semiconductors. "Model N's Salesforce.com integration will also allow us to link our front- and back-office operations and build a truly global, standards-based system for managing our entire revenue life cycle."
"The NXP selection adds another global semiconductor manufacturer to Model N's growing customer roster, reflecting the trust Model N has created among High Tech industry leaders," said Steve Zocchi, Senior Vice President of Global Sales, Model N. "With Model N, NXP will experience first-hand how Revenue Management can augment its existing CRM and ERP infrastructure by addressing critical price and margin concerns, improving financial accuracy, and better leveraging the channel in global sales strategies."
NXP Semiconductors N.V. (Nasdaq: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security, and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications. Headquartered in Europe, the company has approximately 28,000 employees working in more than 25 countries and posted sales of USD 3.8 billion in 2009. For more information, visit http://www.nxp.com.
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing, contracts, compliance, and settlements optimized for the industry practices of Life Science and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance. Customers include: Atmel Corp.; Boston Scientific Corp.; Bristol-Myers Squibb Company; Cypress Semiconductor; Medtronic, Inc.; Microchip Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; Pfizer, Inc.; and STMicroelectronics. Model N is headquartered in Redwood Shores, California, and has offices across the U.S., as well as Europe and India. For additional information, visit http://www.modeln.com.
Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.