By a News Reporter-Staff News Editor at Computer Weekly News -- Revitas, the leader in Enterprise Revenue Dynamics (ERD), announced the general availability of Revitas® Pricing Dynamics 7.8, designed to help life sciences, high-tech, and manufacturing companies grow market share by better managing complex pricing incentives and channel promotions. The Revitas Pricing Dynamics solution (known as the Revitas CARS® software in the life sciences industry) offers a new automated accrual management tool and expanded royalty management capabilities that allow companies with complex, multi-tiered sales and distribution channels to create a stable and predictable revenue stream based on their rebates, incentives, promotions, and royalties.
As companies deploy more creative rebating and incentive programs to boost channel sales performance, it becomes increasingly cumbersome to determine the appropriate rates for financial accruals. To avoid locking up capital through overaccrual or creating unexpected financial exposure through underaccrual, companies need solutions that automatically calculate and manage funds for rebates, promotions, and chargebacks based on actual program performance. Revitas Pricing Dynamics 7.8 enables organizations to accurately generate accrual rates based on the historical sales activity, calculate the daily accrual amount, and interface the results to the financial accounting system.
With an emphasis on monetizing intellectual property (IP) portfolios, many organizations also need clearer visibility into IP license and royalty management. Through the enhanced features in Revitas Pricing Dynamics 7.8, organizations can optimize their IP license and royalty income by automating royalty payment management and delivering business insight into inbound and outbound license obligations.
The Revitas Pricing Dynamics solution is part of an emerging category of what Forrester Research calls "smart process applications"-software that supports collaborative, dynamic, and data-intensive business processes, including contract management and revenue management. The August 2012Forrester Research, Inc., report entitled, "Smart Process Applications Fill A Big Business Gap," states, "Smart process apps fill the gap between systems of record and systems of engagement." In doing so, the Revitas Pricing Dynamics application helps organizations continually evolve their rebate and incentive programs for optimal business impact.
"Companies in the world's most complex and highly regulated industries use Revitas to manage their core business processes for contracting, revenue management, and compliance," said Al Smith, President and Chief Operating Officer at Revitas. "In order to grow their bottom lines, organizations need automated solutions that track historical data, sales forecasts, and royalty claims to maximize revenue and prevent margin erosion. Revitas Pricing Dynamics 7.8 delivers important new financial management capabilities that help knowledge workers evolve from just processing transactions to providing analysis of the transaction data in order to improve business performance through greater financial consistency and viability."
Revitas Pricing Dynamics is a component of Revitas Enterprise Revenue Dynamics, a suite of integrated solutions for contracts, pricing, and compliance. Companies in life sciences, manufacturing, and high tech industries rely on Revitas solutions every day to improve market share, increase profitability, and reduce risk.
For more information on Revitas Pricing Dynamics, please visit the Revitas website. About Revitas Revitas, the leader in Enterprise Revenue Dynamics, delivers integrated solutions for contracts, pricing, and compliance that drive higher profitability and lower risk. Revitas empowers companies to optimize contract performance by defining, managing, and analyzing complex, multi-tier pricing incentives and enables positive proof of compliance with commercial, financial, and industry requirements. Powered by the secure, scalable, and standards-based Flex® platform, Revitas® applications speed time to market and improve visibility across B2B relationships. Hundreds of organizations across the most highly regulated and challenging industries leverage Revitas integrated solutions to save money, make money, and reduce risk. For details, visit www.revitasinc.com or http://blog.revitasinc.com/.
Keywords for this news article include: Revitas, Software.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2013, NewsRx LLC