Aimed at distributors, Oracle has introduced Oracle Price Protection, a new application that automates the price protection transactional processes and streamlines overall pricing, promotions and product discount management.
Developed together with Infosys Technologies Ltd., a Certified Advantage Partner in the Oracle PartnerNetwork, Oracle Price Protection automatically updates, aggregates and provides quick access to a distributor's purchasing, inventory, costing and financial information; enabling distributors to reduce errors during claims execution, speed settlements, and mitigate future discrepancies.
The new application is designed to work out-of-the-box with the Oracle E-Business Suite Release 12.1, and leverages the power of Oracle Fusion Middleware, enabling easy integration with existing ERP systems and requiring minimal IT resources for rapid deployments and providing value through low cost of ownership.
In today's dynamic marketplace, price changes are frequent, causing complex issues for distributors. Fluctuating prices result in highly manual processes and are prone to error," states 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."
Streamlining execution processes to help increase value derived from faster and more efficient price protection claims, Oracle Price Protection supports 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; and costing and financial system updates that reflect price cost changes in real-time.
Oracle Price Protection 12.1 is available from Oracle as part of the Oracle Channel Revenue Management suite.