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Vistex Reports Increasing Adoption of Its Solutions for Foodservice Trade Spend Management
Jun 22, 2010 (01:06 PM EDT)
Customers report unprecedented flexibility and visibility into trade spend effectiveness and customer profitability using Vistex compared to fragmented point solutions.
HOFFMAN ESTATES, Ill., June 22 /PRNewswire/ -- Vistex, a global SAP Software Solution Partner, reports increasing adoption of its industrial-strength enterprise solutions for foodservice trade spend management. Several of the country's leading foodservice manufacturers, including companies such as the Schwan Food Company, Pilgrim's Pride and SCA have selected and implemented the solutions developed by Vistex. Additionally, many of the nation's leading foodservice distributors, including companies such as Saladino's, Maines Paper and Food Service and Cheney Brothers have also chosen the Vistex solutions to help them become "best run businesses."
Rapidly becoming the de facto standard for foodservice industry trade spend management, the Vistex solutions are designed specifically to address the entire spectrum of foodservice trade spend processes and are delivered on the world's most reliable, scalable enterprise business process and system platform. Providing specialized functionality for trade spend planning, execution, and analysis in a fully-integrated environment enables foodservice manufacturers and their distributor trading partners to effectively manage all aspects of the end-to-end trade spend process with complete visibility, clarity, and transparency.
From trade spend budgeting and funds management to agreement creation and maintenance, all subsequent processes, including contract and off-invoice pricing, accruals, deviated billing claims, deduction management, distributor and operator rebates, recapture and settlement are all handled real-time and recorded in a centralized repository for tracking and profitability analysis. This enables foodservice manufacturers to evaluate the profitability of proposed or requested deals before approving them – and then to track and evaluate the effectiveness and profitability of the trade spend programs throughout their lifecycle.
Jim Klass, Founder and Managing Partner of MarketIntelligence Consulting, and a recognized expert/leader in foodservice trade spend management, noted, "Foodservice companies obtain more value using Vistex trade spend management software, which leverages SAP ERP, workflow, web portal, and business intelligence/analytics capabilities than by using stand-alone point solutions that potentially offer more sizzle than substance and require numerous complex system interfaces. Vistex's ability to integrate with trading partners both up and down stream will allow for more accurate and timely settlement of claims. The richness of Vistex's detailed information versus summary level data allows for more effective trade investment and improved market share."
Vistex is a global SAP Software Solution Partner, whose mission is to help customers derive greater value from their SAP investment. Vistex develops and delivers embedded and fully-integrated add-on applications that enhance SAP "core" functionality in the areas of contracts, incentives, rebates and master data. Vistex solutions are licensed by SAP as SAP-branded Solution Extensions.
Vistex recently launched its user group, VOICE, and announced its inaugural user group conference, which will be held in Chicago September 21-23, 2010.
More information about Vistex, its solutions and the VOICE user conference is available at http://www.vistex.com.
Contact: Larry Buchman (847-490-0420)