SOURCE: Model N, Inc.

Model N, Inc.

February 12, 2009 03:01 ET

Numonyx Selects Model N High Tech Revenue Management to Enhance Price and Channel Management

Memory Technology Leader to Deploy Proven Model N Solutions to Improve Quote Turnaround Time, Increase Productivity Lost to Manual Processes

REDWOOD SHORES, CA--(Marketwire - February 12, 2009) - Model N, the leader in Revenue Management solutions, today announced that Numonyx B.V. , a global leader in integrated memory technology and joint venture between STMicro and Intel headquartered in Switzerland, has selected Model N's High Tech Deal Management, Global Price Management, and Deal Analytics solutions. The deployment will enhance the company's channel quoting processes, improve price competitiveness, and increase market share. The customer win is further recognition that Model N operates globally and with a local reach across North America, Europe, and Asia.

"To meet the demands of its growing business, Numonyx needed a solution to enforce margins consistently across channels and regions, as well as link product demand with product destination," said Richard Fitchen, General Manager, High Tech at Model N. "By deploying Model N's industry-specific Revenue Management platform, Numonyx will replace disparate, labor-intensive systems with a single, worldwide repository for all pricing, quoting, and channel activities that will help the company increase productivity, improve channel relationships, and boost the bottom line."

Purpose built for the unique needs of semiconductor and component manufacturers, the integrated Model N High Tech Revenue Management Suite links the entire transactional revenue life cycle, from opportunity and design tracking, to pricing and quoting, through channels incentive management and reconciling ship and debit data with POS. The suite not only improves pricing flexibility and accuracy for manufacturers, but also reduces quote turnaround time from days to minutes -- significantly improving deal conversion rates.

"We are pleased that Numonyx has selected Model N to optimize its core revenue management processes," said Niels Skov, Managing Director, Europe for Model N. "More and more global high tech manufacturers are realizing the value delivered by integrated, end-to-end revenue management, and Numonyx's decision to deploy Model N is another indicator of the confidence the industry has placed in our best-of-breed offerings."

About Model N

Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, and settlements optimized for the industry practices of High Tech and Life Science 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 to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. 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