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SMART Technologies Partners with Channelinsight to Simplify POS Data Submission Process, Enhance Channel Partner Programs and Improve Forecasting ProcessesChannelinsight, the experts in Channel Data Management (CDM) solutions announced today that it is working with SMART Technologies (News - Alert) Inc. (NASDAQ:SMT), an innovator and leading provider of collaboration solutions, to simplify the data submission process for its channel partners. The Channelinsight CDM solution simplifies timely data collection and accurate processing of channel sales data to improve program performance and ROI for its channel incentive and rebate programs. SMART Technologies relies on point-of-sale (POS) data from its global channel partners in order to process incentive and rebate payments and to monitor inventory at the distributor level. SMART was challenged to provide their partners with a POS submission solution that would relieve partners from incurring costly administration time to reorder fields or make file adjustments before submitting their data. Channelinsight's patented data management solution enables partners to submit data quickly and easily in any file format. Once submitted, Channelinsight's fully automated systems cleanse, match, enrich and enhance the data so SMART can pay partner incentives and rebates accurately and on time. SMART was also challenged to gain real-time visibility in to volume of product in the distributor level; a critical reporting metric used in forecasting. As a result of the implementation of Channelinsight's cloud-based CDM solution, SMART was able to eliminate their legacy manual process and grow partners' confidence in their promotion and incentive programs. Using a combination of proprietary technology and automation, Channelinsight solutions enable SMART to accurately py out sales commissions, incentives, and rebate payments within 14 days instead of the usual 6-8 weeks experienced with traditional in-house or BPO-type solutions. Similarly, the Channelinsight technology is used to gain accurate insight into inventory levels, thereby increasing forecasting accuracy and ultimately, production levels. "Managing our channel partner data manually became too cumbersome for us to administer. The Channelinsight CDM application has helped us move from data collection to data analysis and action," stated Christine McGregor, director of business analysis at SMART Technologies. "This efficiency helped us simplify the data submission process and made it easier for partners to do business with us." Bob Smith, Channelinsight's president and CEO, said, "Channelinsight's automated CDM solution enabled SMART to automatically collect data globally and validate back-end credits much quicker and more accurately than previous solutions or their internal teams could deliver. We are excited that we were able to help solve this challenge for them and as a result grow their channel sales." About Channelinsight Channelinsight's cloud-based Channel Data Management Application & Enablement Services provides manufacturers with visibility into every distributor, reseller, and end-customer in every transaction, with real-time channel information to anticipate changing channel business needs & requirements. Channelinsight collects "raw" POS and inventory data from tens of thousands of channel partners globally 7x24x365, processes over $120 billion in actionable channel information annually, and delivers critical key performance indicators to customers for: available markets, price erosion, real-time channel sales visibility and operational cost reduction. Customers benefiting from this solution include HP, AMD, Corning (News - Alert) Life Sciences, ams AG, Fluke Networks, Microsoft and more. Channelinsight is backed by Rho Ventures, Sequel Venture Partners and Vedanta Capital, and is headquartered in Denver, CO with offices in Palo Alto, CA (News - Alert), Maidenhead, UK and Singapore. For more information on Channelinsight's products and services, please visit www.channelinsight.com. All trademarks are property of their respective owners. Follow Channelinsight on: LinkedIn | Facebook | Twitter | YouTube
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