Red Maple™ Advanced Trade is designed to handle advanced business relationships with your customers and vendors. It includes three main areas of functionality, namely advanced pricing within the entire application, billing, billing schedules and revenue recognition of complex transactions.
By extending powerful functionality that already exists within Microsoft Dynamics™ AX, Red Maple’s Advanced Trade further enables companies to track contracts with all customers, from orders to service contracts to warranties.
The key feature sets to provide functionality within Microsoft Dynamics AX. These features include Advanced Pricing, Recurring Billing and Revenue/Expense recognition.
- Advanced pricing: Advanced pricing introduces the enhanced features necessary to handle complex computations and adjustments. It includes the flexibility to calculate pricing based on a range of methods (List price, Cost plus, MAP, GSA, etc.) and contexts.
- Recurring billing: For companies with more complex billing requirements, Advanced Trade & Billing goes beyond basic sales orders and projects to encompass subscription services, including the ability to create contracts and provide individual pricing, the ability to mix and match delivery methods. Advanced Trade can also provide volume billing based on schedules and/or usage based agreements. Using Advanced Pricing, customers can be billed based on established contract pricing.
- Revenue/Expense recognition: Companies can accrue and amortize revenue or expense based on the sale or purchase of goods. For items that require revenue recognition after the sale, the solution tracks and provides amortization journals to speed up the process. Likewise, VSOE or SOP 97-2 rules are covered out of the box.