This new customer implementation demonstrates our commitment to serving the unique needs of the global High Tech manufacturing industry.
Redwood Shores, CA - London, UK - Hyderabad, India (PRWEB) October 11, 2012
Model N, Inc., the leader in Revenue Management solutions, today announced that a leading global manufacturer of Smart Phones, Smart Devices, and telecommunications infrastructure is now live on Model N’s Rebates solution for High Tech. The direct and channel rebate solution will enable this global manufacturer — which pays out billions every year in incentives — to manage multi-tier channel rebate programs worldwide while ensuring accurate accrual of liabilities and timely payments to eligible partners while improving financial controls. After a rigorous evaluation process, Model N was selected for its superior functionality, High Tech industry experience, and multiple global deployments.
Many High Tech companies are leveraging rebate programs to reduce their up-front discounting, improve average selling prices, and increase market and mind share within their channels. Additionally, more High Tech companies are becoming aware of the critical impact effective rebate management can have on liability accruals and revenue recognition.
Model N Rebates handles all the key elements of rebate programs including qualifications, validations, benefits, time frames, and payment details. This Model N Rebates deployment helps the customer:
- Significantly ease set-up for channel rebate programs
- Fully automate validation and payment processes
- Ensure channel partners are incentivized to drive increase in market share
- Promotes accurate and timely payments to partners
- Utilize integration with backend financial systems to drive tighter financial controls, improve fund management, and provide accurate reporting
“This new customer implementation demonstrates our commitment to serving the unique needs of the global High Tech manufacturing industry,” said Lawrence Whittle, Chief Sales and Marketing Officer at Model N. “Rebates have become a critical tool in shaping customer and channel purchasing behaviors. With Model N, this market leader in Smart Hand-held devices will have the tools it needs to establish strong rebate programs that drive consumption with improved payment oversight and timely controls over fund management.”
Model N High Tech Rebates
On-Demand Web Seminar: Improve Financial Controls and Reduce Overpayments across Rebate Programs
White Paper: Effective Rebate and Incentives Management in High Tech Manufacturing
Social Media Links
About Model N
Model N, the leader in Revenue Management solutions, drives improved pricing, margin, and revenue performance through a powerful combination of best practices, highly configurable software applications, comprehensive services, and actionable analytics across the complete functional spectrum of pricing, contracting, rebating, sales, and marketing. Model N leverages its deep industry expertise to support the unique business needs of High Tech and Life Sciences manufacturers across more than 50 countries. Global Customers include: Allergan, Amgen, Atmel, Boston Scientific, Bristol-Myers Squibb, Dell, Hospira, Johnson & Johnson, Linear Technology, Merck, Marvell, Maxim, Micron, Nokia, Novartis, Novo Nordisk, ON Semiconductor, STMicroelectronics, and Watson Pharmaceuticals. Whether you are an emerging business or a global leader, Model N results in revenue. http://www.modeln.com
About Model N Rebates
Model N Rebates enables High Tech manufacturers to plan and execute effective rebate programs geared towards increase market share, improving channel efficiency, and improving financial controls. Model N Rebates has been adopted by numerous multi-billion dollar corporations and has a proven track record of managing large data sets and processing billions of dollars in rebate payouts while helping finance departments accurately accrue liabilities, reduce overpayments, and provide a detailed audit trail.
Model N is a trademark of Model N, Inc. Any other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.