November 2024 - What's New at Confido
It's been another busy month here at Confido! From making it easier to spot discrepancies in deductions to adding Master Case schematics in our product lists, we've made a lot of exciting changes across the board.
Better Estimates = Better Finances
We’re excited to introduce our new feature designed to make your trade accruals more accurate and your finances more insightful!
With this update, you can leverage historical promotion data to guide future accruals. Easily access performance insights from past promotions to create more precise accruals, helping clean up your finances and enabling smarter decision-making for your business.
But that’s not all—now you can compare your historical plans against actual outcomes. Did a promotion outperform expectations, or did it fall short? Use these insights to evaluate whether similar events are worth repeating in the future.
This powerful feature empowers you to optimize your planning, refine your strategies, and make data-driven choices that truly move the needle for your company.
Off-Invoices Are Now Integrated
Managing Off-Invoices (OIs) just got easier. With our latest update, Confido now automatically pulls in OIs and matches them to the relevant promotion! This ensures nothing falls through the cracks and gives you a more comprehensive view of your net sales and trade rates.
By automating this process, you’ll benefit from greater transparency and efficiency. Say goodbye to extra steps and hello to a clearer view of your finances.
Master Case or Each? You decide!
We now support master case configurations in our product list. This update streamlines Gross Sales Forecasting and Demand Planning by addressing customer-specific product configurations.
This hierarchical product structure allows brands to:
- Roll UPCs into Master Cases and
- Tailor unique Master Case pricing to specific Customers
Spot Discrepancies with Ease
Managing thousands of lines of deductions each month is no small feat. That’s why we’re excited to introduce Inline Variance Flagging—a powerful new tool designed to simplify your workflow and ensure nothing gets missed.
This feature automatically flags significant deltas between promotion accruals and deductions, drawing your attention to issues immediately.
With inline variance flagging, you can:
- Quickly identify discrepancies in your data.
- Spot promotions needing extra attention.
- Pinpoint deals for dispute consideration.
Don’t let disputes slip through the cracks - protect your bottom line with our inline variance flag
Product Enhancements
Confido is constantly making small improvements, here are some we did this month.
- Improvements to Target Integrations
- Improvements to the Forecast calculation
- Improvements to the usability of recommendations in the Forecast
- Added OI Spend to Net Sales View
- Added Bulk Update to forecast
- Added status and product family filter to Deductions
- Added support for DC Customers during repays
- Added the Opportunities module to Account Planner
- Added last updated field to Opportunity Model
- Added % Lift to Promo Calendar Export
- Added more sorting options to Deductions
- Added the description column to the deductions view
- Streamlined unit or case conversion in deductions
- Improvements to the pipe fill calculation
- Fixed rate deduction calculation in description when discount was a percentage
