By Matt Posey, BTM Global
Do you look forward to or dread managing vendor-funded promotions in your retail business? They can be a great sales driver, but they also can be complicated and time-consuming to manage. You’re tracking deal variations by date, items, locations and other parameters, all to make sure reporting and payments are accurate. One of the toughest challenges is that most of the work is manual, making the entire process error-prone and a big-time commitment for your team.
That’s why we developed the Deal Management application for NetSuite. We saw too many retailers struggling with something that can be simplified and automated… so we came up with a solution.
Our Deal Management App – specifically designed for retailers using NetSuite ERP – allows you to automate the tracking and reporting of vendor-funded deals from suppliers so that you can efficiently share the information with a vendor as proof of the promoted sales quantity and collect the agreed-upon amount.
A Single Source For Tracking And Reporting
Whether you have a few dozen or a few hundred vendor-funded promotions each year, Deal Management is the one app you need to efficiently capture and track sales; accurately report that information to the vendor; and collect on the vendor funds more quickly.
The generic deal apps out there don’t deliver retail-specific features. Our Deal Management app for NetSuite has the ability to:
Stop the love-hate relationship with vendor-funded promotions! Go here to learn more details about our Deal Management app for NetSuite.
About The Author
Matt Posey is NetSuite Practice Director at BTM Global.