SOURCE: Model N, Inc.

Model N, Inc.

February 26, 2009 03:01 ET

Model N Launches Contract and Compliance Management Solution for High Tech

Release Gives High Tech Manufacturers Strong Tools for Enforcing Pricing Guidelines and Compliance to Increase Contract Value and Margin

REDWOOD SHORES, CA--(Marketwire - February 26, 2009) - Model N, Inc., the leader in Revenue Management solutions, today announced the launch of its Contract and Compliance Management solution for High Tech manufacturers at RAINMAKER 2009, its fifth-annual conference for Revenue Management innovators in the semiconductor and component industries. By globally enforcing contracted prices and volume commitments, as well as eliminating unnecessary price concessions and order/invoice errors, the best-in-class solution enables High Tech sales and finance organizations to significantly improve contract value.

Fully integrated into the industry-leading Model N High Tech Revenue Management Suite, the solution delivers increased visibility and proactive control over the contract life cycle to improve Sarbanes-Oxley compliance, enable faster audits, and reduce margin siphoning from contract manufacturers that only purchase against the most favorable contracts, regardless of end customer.

"After receiving valuable input from our customers, we decided to elevate our contracting solutions to the next level to address the challenges brought by an increasingly global and complex High Tech supply chain," said Richard Fitchen, General Manager, High Tech, at Model N. "With Contract and Compliance Management, we have added a vital component to our fully integrated, domain-specific Revenue Management Suite that meets the contracting needs of both front-line users and strategic decision makers."

Contract and Compliance Management Features

--  RFQ Import and Cleansing: streamlines and speeds the RFQ bid process
    with an easy-to-use import utility that loads RFQs onto a contract without
    file formatting changes. Users can quickly cleanse data by applying error
    corrections in batch and remembering data corrections for future imports.
    
--  Contract Approval Routing: reduces exceptions to pricing guidelines by
    ensuring that contract pricing receives proper approvals prior to being
    made available on quotes and orders
    
--  Contract Analysis: improves margin and increases deal value by
    enabling the review of relevant quarterly sales history for each contract
    and its related parts, as well as comparable customers sales histories and
    related quotes, opportunities, and registrations
    
--  Contract Compliance provides greater visibility and proactive control
    over contract performance.   It assesses compliance continuously and sends
    out-of-compliance alerts in advance of contract expiration
    
--  Proactive Notifications offers a set of configurable notification
    tools to provide the ability to actively manage contract changes,
    expirations/renewals, and out-of-compliance customers
    

About Model N

Model N is the leader in Revenue Management solutions, offering an integrated application suite for pricing, deal management, channel revenue management, and contracts optimized for the industry practices of High Tech companies. Customers include: Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Microchip Technology Inc.; Micron Technology Inc.; ON Semiconductor, Inc. and STMicroelectronics. Model N is located in Redwood Shores, California. Visit 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.

Contact Information

  • Contact:
    Sean Cassidy
    Model N, Inc.
    Tel: 650-610-4820
    Email Contact