Promax Trade Promotion Management Software

Tired of using Excel spreadsheets to attempt to manage your valuable Trade Promotion funds and under pressure from Senior Management to not only provide a best practice approach but reduce spending and improve profit margins and volume? Read how the Promax PX Trade Promotion Management software and Trade Promotion Optimization software solution will become your saviour.

As with any new system, you need to do your homework and evaluate the associated costs and impacts on the business.  A step-by-step plan is vital to ensure you make the right selection and achieve a rapid return on investment.  You’ll also need to put together a valid and robust business case to justify your recommendations for implementing this new tool.  So, what should you consider?

• Determine your goals – what are you trying to achieve eg improved productivity, greater visibility of trade promotion effectiveness, more accurate accruals and payment systems, improved Strategy Planning and Budget development, more time for the salesforce to concentrate on the job of signing the deals
• What impact will a new system have on the business? – implementation process, training, user acceptance
• Cost – do you have a budget and what cost savings can you expect?
• What are the other IT considerations eg interfacing with your ERP, additional hardware requirements, on-premise or cloud computing
• Software vendor experience, support and success rates

The Promax team of specialists have extensive experience in the typical RFP (Request for Proposal) process and will be able to provide you with detailed information and responses to all your questions.  Contact Promax to learn more & arrange a web demonstration or register for one of our latest webinars.

Does the Promax system have the ability for a product to be forecasted using the same algorithm from a related product. This could be used when a specific product or group of products have no historical data but there are other products that have similar demand attributes. This is also required when a new product is created that is replacing an existing product.

Promax PX allows statistical models to be copied from one SKU to another. All Statistical Models within Promax PX are calculated & setup for an individual Account & SKU combination

The system must realign historical data when customer or products attributes change. This is to allow the users to compare values in a consistent manner and reflect current environmental settings.

The Promax PX uses a Database Row ID for Accounts and Products which means that attributes can be changed without affecting the historical data stored against the records. The Promax PX interfacing has old code / new code functionality which will allow the replacement / update information to be sent from the ERP system and automatically changed within Promax PX resulting in no double entry of data.

Products & Accounts can also be managed easily within Promax PX by using the Accounts & Products menus. You can edit the Product & Account attributes and drag and drop Products & Accounts to another location if desired.

The Promax PX solution uses a client server architecture. If users are to be located across a WAN the recommended network architecture typically requires two serves – a database server and a Citrix / terminal application server.