Model N Inc. has introduced new revenue management and channel performance capabilities as part of its Fall 2020 high-tech product release, including expanded artificial intelligence (AI) and machine learning (ML) capabilities for deal optimization and channel intelligence.
Model N Revenue Cloud for High Tech is a solution for end-to-end revenue management, and is designed to stop revenue leakage by bridging the gap between front-office and back-office processes and serving as the commercial system of record for revenue execution and channel automation.
Specific features and functionality include:
Price Optimization and Management. Price optimization and management features for creating high-value deals and cross-tier pricing ranges.
Channel Network. Enabling channel partners to correct data submissions via a self-service portal, for more efficient data submission and faster access to more accurate channel sales data.
Rebate Management. For creation and execution of new incentive and rebate programs, including a variety of prebuilt targeted templates, ability to handle thousands of goals/and benefits across a large set of products, and program performance analysis via real-time intelligence.
Artificial Intelligence and Machine Learning. With AI and ML capabilities to enable new, intelligent, in-context, business insights, including optimized pricing and product recommendations.