The FINANCIAL — Aimed at distributors, Oracle on July 12 announced the availability of Oracle Price Protection, a new application that automates the price protection transactional processes and streamlines overall pricing, promotions and product discount management.
A Fortune 500 global electronics distribution company in the high-tech industry is currently implementing the Oracle and Infosys solution to manage supplier agreements, re-value inventory, revise business documents, and process claims with its trading partners.
Developed together with Infosys Technologies Ltd., 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.
Designed to work out-of-the-box with the Oracle E-Business Suite Release 12.1, Oracle Price Protection 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.
Streamlines 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.
Costing and financial system updates that reflect price cost changes in real-time.
Infosys is a Certified Advantage Partner in the Oracle PartnerNetwork.
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