Aimed at distributors, Oracle 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.
Apart from 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 is the latest industry solution developed by Infosys in a first-of-its-kind development initiative with Oracle to help simplify and automate the high-technology distribution business,” said Ravi Kumar, vice president and global head of Oracle Practice, Infosys Technologies Ltd. “Teaming with Oracle on this solution allows us to extend additional price protection benefits to businesses and take the complexity out of the application integration processes.”
“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,” said 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,” he added.