IDT Selects Model N High Tech Revenue Management Solution to Help Reduce Costs and Drive Growth

REDWOOD SHORES, Calif., Dec. 12 /PRNewswire/ -- Model N, Inc., the leader in Revenue Management solutions, today announced that IDT(TM) (Integrated Device Technology, Inc.) has selected the company's High Tech Revenue Management solution to create an end-to-end system for managing price and revenue generation processes from capture of opportunities and design wins through to point of sales orders and payment of channels incentives. IDT will use Model N's Azerity Revenue Management Product Suite, including Global Pricing, Deal Management and Channel Revenue Management, to establish more effective, standardized global pricing and deal management, more rapid response to quote opportunities, and more efficiencies for their channels.

"IDT has instituted best practices in revenue management and, as the business continues to grow, we are always looking for ways to improve upon this very important process," said Julian Hawkins, vice president of worldwide sales for IDT. "The Model N High Tech Revenue Management solution enhances our existing revenue-management functions by offering a solution tailored specifically to the complex pricing and revenue management demands of our industry."

Model N's High Tech Revenue Management solution is specifically designed for the semiconductor and component manufacturing industry, and offers the first integrated software suite which links the entire revenue life cycle from opportunity and design tracking, to pricing and quoting, through channels incentive management and reconciling with POS. The Model N Azerity Revenue Management Product Suite provides unique capabilities for self-service design registration, and interactive quoting tied to a powerful rules-based pricing engine. These capabilities not only improve the flexibility and accuracy of pricing for the manufacturer, but also reduces the quote turn around time from days to minutes -- significantly improving deal conversion rates.

"Leading semiconductor and component manufacturers, such as IDT, are increasingly focusing on better Revenue Management as a core business process in their strategies for growth," said Zack Rinat, founder and CEO of Model N. "IDT and other industry role models understand the impact that pricing and revenue management best practices can have on their business, and they are complementing their generic ERP and CRM technologies with a Model N Revenue Management solution designed specifically for the complexities of their business."

About Model N High Tech Revenue Management

More than 30,000 users worldwide rely on the Azerity Revenue Management Product Suite from Model N to drive their pricing process for both direct and channel sales, making it the leading solution for the semiconductor and component market. The solution includes a suite of applications which manage pricing and price list management processes, price quoting and ordering for both direct sales and channel sales, as well as channel revenue management related to price protection and inventory tracking. It includes unique features for high tech companies such as design registration, web-based interactive quoting for channel partners, and debit processing. The solution enables customers to standardize pricing, realize better deal conversion rates, improve transaction profitability, reduce revenue leakage, and derive better visibility to demand and revenue for both operational needs and financial reporting requirements such as revenue recognition and Sarbanes-Oxley.

About Model N

Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for pricing, contracts, compliance, rebates, fees and chargebacks optimized for the industry practices of life sciences and high tech companies. Enabling the creation of a seamless, end-to-end process from pricing through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific; Bristol-Myers Squibb; Cypress Semiconductor; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information visit http://www.modeln.com/ .

NOTE: Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.