Many promotions are based on deferred terms. Promax has extensive functionality for the calculation of accruals and the ability to deal with retrospective payments. The extensive range of transaction types or trade spend within Promax deals with the vast majority of trading conditions that FMCG customers experience. Discounts that are given off the invoice and those that are paid on performance based on retail sell-out data or point-of-sale are all dealt with within the Promax PX environment. Promax PX is notable for its flexibility of transaction types, accrual methods and payments/ Deductions.

Promax PX allows for different payment types to be set up per Promotion defaulted by the type of deal that the user has selected. Promax PX will automatically assign the appropriate payment type based on the promotion planners input when the claim is being processed. The claims processer has the ability to over ride the payment type providing that the system has been set-up to allow this choice.

Promax PX has the option of paying by:

• Cheque
• Deduction
• EFT
• Credit Card
• Off-Invoice Adjustment

Anything that is paid by deduction will automatically be treated as an adjustment note. Tax Invoices will be handled by the other methods.

All claims processed within Promax PX will be interfaced with the ERP system to ensure no double entry / duplication of effort.

3rd Party customers or Vendors (as defined in Promax PX) can be paid by the system using the Vendor list. This allows promotions to be set up one level and paid to another. E.g. The promotion is given to all customers under a specific level in the hierarchy, however payment needs to be made to the individual store or banner.

This element of Promax PX functionality can be deployed alongside the rest of the solution as part of the initial scope of the implementation (for relatively little additional effort) or during a subsequent phase.

Promax PX will accrue daily, weekly monthly or on an ad-hoc basis.

Promax PX allows for accrual adjustments via the Accrued Amount Adjustment tab whereby you can enter a new accrued amount, select a Data Source or Date Range which will allocate the revised amount to all SKUs within that promotion. The Adjustments History tab will allow you to keep an audit trail and track your adjustments.