LONDON, July 25, 2024 /PRNewswire/ -- Vistex, a global
leader in software solutions for managing pricing, trade, royalties
and incentives, announced today that WHSmith has partnered with
Vistex to leverage its SaaS enterprise software to improve the
retail giant's supplier income processes.
WHSmith is continually seeking to optimise its operational
efficiencies and ensure robust financial management. The
implementation of Vistex's comprehensive supplier rebates solution
will streamline the entire rebates process, from agreement
management and accruals through to settlement, providing greater
visibility and control over financial transactions.
Key Benefits of the Vistex Solution:
- Enhanced Accuracy and Efficiency: Automates the
calculation and tracking of supplier income, reducing manual errors
and administrative overhead.
- Improved Visibility: Provides real-time insights
into supplier programs, enabling better decision-making and
strategic planning.
- Seamless Integration: Integrates smoothly with
WHSmith's existing ERP systems, ensuring a cohesive and unified
approach to financial management.
- Compliance and Control: Ensures all supplier
programs are adhered to, enhancing compliance and control over
supplier income related activities.
"We are excited to partner with Vistex to further enhance our
supplier income management," said Phil
Wells, Commercial Transformation Director at WHSmith.
"Vistex's proven expertise and innovative solutions will enable us
to streamline our processes, improve accuracy, and ultimately drive
better financial outcomes for our business."
Vistex's solutions are renowned for their robust functionality
and ability to handle complex business scenarios. By adopting
Vistex's technology, WHSmith aims to optimise its supplier income
management processes, thus reinforcing its commitment to
operational excellence and financial integrity.
"We are proud to support WHSmith in their journey towards
enhanced financial management," said Amos
Biegun, CEO at Vistex. "Our solutions are designed to
provide businesses with the tools they need to manage intricate
financial processes effectively, and we look forward to a
successful partnership with WHSmith."
The implementation of Vistex's supplier rebates solution will
drive further improvements for WHSmith as it continues to innovate
and enhance its business operations.
About WHSmith: WHSmith is a leading global retailer
for the world's travelling customer. With more than 1,700 stores
across 30 countries worldwide, WHSmith offer customers a wide range
of travel essentials for their journey, including books, newspapers
& magazines, digital accessories and food and drink.
About Vistex: Vistex solutions help businesses take
control of their mission-critical processes. With a multitude of
programs covering pricing, trade, royalties and incentives, it can
be complicated to see where all the money is flowing, let alone how
much difference it makes to the topline and the bottomline. With
Vistex, business stakeholders can see the numbers, see what really
works, and see what to do next – so they can make sure every dollar
spent or earned is really driving growth, and not just additional
costs. The world's leading enterprises across a spectrum of
industries rely on Vistex every day to propel their businesses.
Visit www.vistex.com.
Press inquiries only:
Vistex, Inc.
Alex Dehnert
(847) 490-0420
alex.dehnert@vistex.com
WHSmith Press Office
press.office@whsmith.co.uk
01793 563354
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