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REVENUE TECHNOLOGIES LAUNCHES MP AGREEMENTS
TO HELP GLOBAL 2000 COMPANIES WIN DEALS
Software Automates Process of Negotiating, Managing, and Implementing
Contract Pricing; Supports Closed Loop Pricing Solution
January 28, 2002 (ATLANTA) -
Revenue Technologies Corporation (www.revenuetech.com), the leader in Revenue and Price Management solutions for the entire
Pricing Value Chain, introduces MP Agreements to automate the processes of negotiating, approving, implementing, and analyzing contract pricing. The MP Agreements software further enhances Revenue Technologies' comprehensive
MarketPrice suite, which provides the first automated closed loop pricing solution from deal creation to price implementation, execution, and analysis.
MP Agreements adds a new dimension to contract price management, decision support, guideline enforcement, and implementation of contract prices. This automated system makes sales and pricing support teams more productive by arming them with intelligent support tools that produce competitive customer price quotes which are in line with corporate pricing guidelines. Once approved, these quotes can then be implemented in real time throughout the enterprise.
How MP Agreements Works
MP Agreements provides the front-end for the overall enterprise pricing process in an easy-to-manage interface for sales and pricing support teams. The software captures and compiles current and historical price quote information, competitive intelligence, and other definable data, such as cost.
MP Agreements guides users through the process of contract price negotiation, analysis, and approval:
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Users log into MP Agreements and either create a new customer quote profile or modify an existing one.
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Based on the various inputs, MP Agreements calculates and scores several quote options, highlighting those that meet profitability guidelines.
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The user can then present the approved quote(s) or utilize the workflow capabilities to forward the quote(s) to a pricing analyst or supervisor if additional discounting is required.
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Pricing analysts and supervisors can conduct additional analysis on yield, margin, cost, and competitive pricing to refine quotes as needed.
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Once the quote is approved, MP Agreements automatically feeds the quote guidelines into MP
Pricer, Revenue Technologies' single-source pricing engine, or any legacy ordering or billing systems.
With this automated process, new price quotes can be deployed in real-time throughout the enterprise. This closed loop process provides an important advantage for companies whose pricing strategies require real-time transactional pricing capabilities.
"The contract negotiation process provides the cornerstone for any customer relationship," said David Trice, CEO of Revenue Technologies. "Ill-equipped companies quickly find that the initial euphoria of signing new customers can turn into long-term dismay as customer profitability targets elude them. MP Agreements ensures that the CFO, as well as the sales team, will be equally enthusiastic about new customer wins."
MP Agreements - Built On Experience
MP Agreements is the result of more than a decade of experience working with Fortune 500 companies to design and implement contract price negotiation and compliance solutions that support price execution and administration processes. To date, Revenue Technologies' contract negotiation solutions are managing upwards of
300,000 contracts in 20 countries, representing billions of
dollars. MP Agreements encapsulates all of this experience to produce a next generation, packaged solution.
MP Agreements is part of the MarketPrice suite, the foundation for Revenue Technologies' mission to help business entities capture more than $12 billion in increased earnings by 2005. The addition of MP Agreements to this suite furthers Revenue Technologies' leadership position as the only company providing comprehensive Revenue and Price Management solutions for the entire
Pricing Value Chain.
About Revenue Technologies
Established in 1995 and headquartered in Atlanta, Revenue Technologies Corporation (www.revenuetech.com) designs, develops, and implements Revenue and Price Management (RPM) solutions for the Global 2000.
MarketPrice, the company's flagship product suite, provides the comprehensive infrastructure necessary to automate the processes of deal creation, decision support, pricing execution, process management and strategic analysis throughout the enterprise. Revenue Technologies'
ProfitBuilder solutions provide customers with expert professional services including initial assessment, implementation, training, and on-going support. With a powerful value proposition, superior technology, experienced people, and a proven track record, Revenue Technologies is squarely focused on delivering increased earnings to its customers by automating and optimizing the entire Pricing Value
Chain.
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Read Ziegler
Chief Marketing Officer
Revenue Technologies Corporation
x 365
rziegler |
Todd Felts
Press Liaison
RMR & Associates
x 42
tfelts |
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