Software Streamlines Communication and Transactions with Channel Partners; Strengthens Financial Visibility over Channels Sales Data
Redwood Shores, CA (PRWEB) June 2, 2008 -- Model N Inc., the leader in Revenue Management solutions, today announced that Avago Technologies, a $1.5B leading provider of analog and mixed signal semiconductors and other electronic components, has deployed Model N's High Tech Channel Revenue Management and Global Price Management solution. This software provides Avago's worldwide channel partners with up-to-date sales information on Avago's products, as well as design win, inventory, and pricing services to support and expedite the selling process. Avago also uses Model N to capture accurate and relevant sales data to effectively manage its channel sales opportunities.
"Designed specifically for semiconductor companies, Model N's solution gives us greater visibility into design registrations, reduces quote turn around times and improves the ease of doing business with distribution partners," said Bob Rudy, VP & CIO at Avago Technologies. "Conducting any amount of business through channel partners also requires us to enforce tighter auditable controls over POS and debit reconciliation as they directly impact financial reporting. Integrating our ERP platform with Model N's Revenue Management Suite greatly facilitates this process for us."
Model N provides the tools for Avago to streamline communications and transactions with its channel partners and to manage more accurate and relevant data. Avago is using Model N's Global Price Management to process quoting and pricing information and Model N's Channel Revenue Management to extend self-service registrations to the channel and to manage debits, point of sales (POS) and commissions.
"For semiconductor and electronic components manufacturers who operate in a fiercely competitive environment and sell through channel partners, it is imperative to simplify and streamline communication and transactions with the channels to capture more business and enforce margin and pricing agreements," said Rich Fitchen, general manager of Model N High Tech. "Relying on extensions to legacy ERP or CRM systems to address unique industry business requirements has proven more expensive than successful, and companies such as Avago Technologies are improving their processes by adding complementary systems like Model N High Tech Revenue Management to significantly increase deal conversion, gross margins, and responsiveness to customers."
About Avago Technologies
Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal, and optoelectronics components and subsystems to more than 40,000 customers. Backed by strong customer service support, the company's products serve four diverse end markets: industrial and automotive, wired infrastructure, wireless communications, and computer peripherals. Avago has a global employee presence and heritage of technical innovation dating back 40 years to its Hewlett-Packard roots. For more information, visit www.avagotech.com.
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, rebates, fees and chargebacks optimized for the industry practices of life sciences and high tech companies. Enabling the creation of a seamless, end-to-end process from pricing 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; Bristol-Myers Squibb; Cypress Semiconductor; 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. For additional information visit www.modeln.com.
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