Retalix Launches Module to Help Retailers Ease Burden of Tracking, Collecting Promotional Dollars
Retalix Billback Manager Automatically Tracks Supplier Incentive Monies for Retailers
Dallas, TX, April 17, 2007 – Retalix® Ltd. (NasdaqGS: RTLX), a global provider of enterprise-wide software solutions for food retailers and distributors, announced today the release of Retalix Billback Manager, an integrated module of Retalix Category Analyzer.
Retalix Billback Manager tracks the performance of an agreement between the retailer and the supplier based on sales, purchases, or other promotional incentives. It eliminates the cumbersome process of manually tracking sales by individual suppliers during a specific time period. Once an agreement is made between retailer and supplier, Retalix Billback Manager’s rules-based tracking software – which is tied to the Retalix Category Analyzer headquarters system that tracks movement of agreed upon items – automatically generates an electronic invoice to be submitted to the grocer’s accounts receivable department to close the loop for earned promotional dollars from the retailers’ suppliers.
Dennis Hudson, vice president of retail services for Super S Foods, a 50-store, family-owned supermarket chain serving communities throughout South and Central Texas, said that Billback Manager filled a strategic need for a solution that integrated the company’s pricing and movement data via Retalix HQ and Retalix Category Analyzer.
“Billback Manager has exceeded our expectations,” Hudson said. “It has streamlined our communications with the vendor community and received high marks from them, while generating a significant reduction in our accounts receivable aging.”
“Billback monies are left on the table by grocers more than any other type of promotional dollar,” said Ray Carlin, executive vice president, sales and marketing, for Retalix USA. “Retalix Billback Manager allows retailers to deliver proof of incentives they’ve earned without the headache of additional manual labor.” Retalix Billback Manager is a module of Retalix Category Analzyer, which provides item movement reporting and analysis at the store and headquarters level. It expedites monies owed, tracks movement data that is readily accessible to complete invoicing, enhances gross margins and gross profits, and provides performance reports by item by store.
About Retalix
Retalix is an independent provider of enterprise-wide sftware solutions to retailers and distributors. Retalix solutions serve the needs of multi‑national grocery chains, convenience and fuel retailers, food service operators, food and consumer goods distributors and independent grocers. The Company offers a full portfolio of sftware applications that automate and synchronize essential retailing, distribution and supply chain operations, encompassing stores, headquarters and warehouses. Retalix develops and supports its software through more than 1,500 employees in its various subsidiaries and offices worldwide. The company’s International headquarters are located in Ra’anana, Israel, and its American headquarters are located in Dallas, Texas. For more information about Retalix, please visit www.retalix.com.
Retalix, Retalix Billback Manager, and Retalix Category Analyzer are either registered trademarks or trademarks of Retalix Ltd. in the United States and/or other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
Safe Harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and U.S. federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Such factors include risks relating to Retalix’s anticipated future financial performance and growth, continued roll-outs with existing customers, continued interest in Retalix’s new platforms, the perception by leading retailers of Retalix’s reputation, the potential benefits to food and fuel retailers and distributors, expansion into new geographic markets, and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including Retalix’s Annual Report on Form 20-F for the year ended December 31, 2005, for a discussion of these and other important risk factors. Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
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