data acquisition
There are 11 entries for the tag
data acquisition
Tracy McQuilkin
Data acquisition and cleansing in the process of rebate settlement can be a challenge. Each day in the Settlement Department here at Answers Systems, we work with thousands upon thousands of fields of data. The data we capture is only as good as the data we receive. Many times in the course of data acquisition, we get partial or illegible information. We do our best to cleanse it and capture it, but there are times when we run into roadblocks.
Sometimes during the rebate settlement process, we have to place a claim on “pending” status or “on hold” to...
by Stacy Jackson
The amount of data involved in moving food from farm to fork is overwhelming. Even narrowing the focus to data related to foodservice trade promotion management still leaves millions and millions of data to contend with at any given moment. When we take it down to just the universe of Answers Systems’ client data, it’s still quite a bit of information that must be dealt with in order to pay rebates, perform contract management functions, and analyze trade promotion spending.
Answers Systems handles incoming claim data for manufacturers and operators at an average of over 5 million lines per...
by Tracy McQuilkin
When performing rebate settlement for our foodservice manufacturer clients, we often get the following question regarding pendings:
Why can’t we just override the pending and pay it?
Short answer: we can, but we don't recommend doing this.
When you override a pending, all you are doing is fixing that one claim instead of addressing the root cause of the claim in error. Why not take a few extra minutes in your contract management process and either update the contract in the ContractPro® solution, or ensure that your customer has the correct contract terms on file in their system?
If you update the contract...
Among many pieces of information that manufacturers absolutely covet are:
Unit level data
P&L information (by contract, category, SKU, etc.)
Price Optimization capability
Market Share realization
There is a tremendous amount of energy and focus placed on organizations to select and implement great reporting and analytics tools to help plan and analyze their trading relationship data. The need to select a great reporting and analytics platform for information analysis is paramount to managing a superior business. It is, in fact, no longer a differentiator but a requirement to stay competitive.
by Brian Maloney
Hi, I’m Brian Maloney and my Social Security number is…….well I won’t go that far but I can tell you this: Hi, we’re Answers Systems and our GLN number is 1100001011810. So there you have it. Take this number and use it wherever you like. After years of preaching standardization in the Foodservice Industry and Contract Management more specifically, we figured we better eat our own words and sign us up for a GLN. If you don’t know what a GLN is, it’s a unique number for our place of business.
Just like a GTIN is a unique...
Answers Systems has been in production with our proprietary application, EclaimSM since 2006 – it’s allowed us to become an industry leader with billback data acquisition and implement foodservice trading partner inter-connectivity at every opportunity. Most of the Top 50 Broadline Distributors have already been set up and 70 of the largest chain operators are sending their claims electronically to their designated client mailbox at Answers.
Eclaim is a perfected blend of technology and dedi
Posted by Janet Zlokovich
As we wrap up the 2009 year, I want to leave you one thought as you have discussions with your supply chain partners on trade promotion . . . .
Collaboration on data exchange should be a key factor when you establish the core objectives for your trade program model. A requirement of the model must include the submission of electronic billback reporting to the manufacturer for claim settlement. It is simply the only way vendor partners will have the proper insigh
In yesterday’s blog post (November 22), I touched on how the ContractPro® solution helps foodservice manufacturers mitigate risk in their trade promotion management process. Today I want to give an overview of how Answers Systems and the ContractPro solution help foodservice manufacturers optimize resources tied to trade promotion management.
The reality in today’s economic environment is that most organizations are having to do more with less – less people, less budget dollars, less time. A
Posted by Stacy Jackson
Through our years of experience in helping clients manage their Data Acquisition & Data Management in trade promotion management, we've identified the following potential pain points that foodservice manufacturers face:
* Slow (or NO) submission of claims
* Claim information scattered throughout the organization
* Lack of internal capability to receive electronic claims
* Data mapping of incoming claims
* Matching claims to contracts
* N
posted by Stacy Jackson
Today's post is an overview of the concept of The Seven Critical Steps in Best-Practice trade promotion Management. These steps have been identified and document by Answers Systems based on over 20-years of contract management and claim settlement experience in the foodservice industry.