Version 3.5 offers auditable channel system of record and channel policy audit capability, provides integration for third-party BI tools
Redwood City, CA — August 8, 2006 — Channel commerce management (CCM) specialist Edge Dynamics has rolled out the latest version of its flagship solution for financial compliance, offering an auditable channel system of record and channel policy audit capability in the new release of its eponymous solution.
Release 3.5 of the Edge Dynamics solution also provides pre-built integration support for third-party business intelligence tools, as well as numerous updates intended to make the solution easier to deploy and use.
Edge Dynamics said its CCM solutions can help life sciences manufacturers more effectively collaborate with channel partners, manage trade agreements, gain inventory visibility, control products moving through channels and comply with increasingly stringent federal regulations.
"Financial compliance is increasingly critical in today's regulatory environment," said John Jacko, director of IT at Daiichi Sankyo, one of the first customers for Edge Dynamics 3.5. "Edge Dynamics has already established itself as a leader in channel commerce management, but release 3.5 further raises the bar by providing a comprehensive and auditable system of record for channel data that can help us demonstrate we made the right decisions for the right reasons every time."
New Capabilities
Release 3.5 expands on the capabilities of Edge Dynamics' hosted and on-premise channel commerce management solutions. New features include the :
Additional Articles of Interest
— It's best-of-breed versus supply chain suite versus ERP in supply chain solutions: How will your company decide? Read more in "The Great IT Debate," in the June/July 2006 issue of Supply & Demand Chain Executive.
— Supply chain executives are facing a skills gap that could hinder their companies' ability to compete in an increasingly fast-moving global economy. Here's what Supply & Demand Chain Executive is doing about it. Read "Warning Signs," the Executive Memo column in the June/July 2006 issue of Supply & Demand Chain Executive.
Redwood City, CA — August 8, 2006 — Channel commerce management (CCM) specialist Edge Dynamics has rolled out the latest version of its flagship solution for financial compliance, offering an auditable channel system of record and channel policy audit capability in the new release of its eponymous solution.
Release 3.5 of the Edge Dynamics solution also provides pre-built integration support for third-party business intelligence tools, as well as numerous updates intended to make the solution easier to deploy and use.
Edge Dynamics said its CCM solutions can help life sciences manufacturers more effectively collaborate with channel partners, manage trade agreements, gain inventory visibility, control products moving through channels and comply with increasingly stringent federal regulations.
"Financial compliance is increasingly critical in today's regulatory environment," said John Jacko, director of IT at Daiichi Sankyo, one of the first customers for Edge Dynamics 3.5. "Edge Dynamics has already established itself as a leader in channel commerce management, but release 3.5 further raises the bar by providing a comprehensive and auditable system of record for channel data that can help us demonstrate we made the right decisions for the right reasons every time."
New Capabilities
Release 3.5 expands on the capabilities of Edge Dynamics' hosted and on-premise channel commerce management solutions. New features include the :
- Auditable channel system of record: Edge Dynamics 3.5 includes an enterprise-class repository for storing and managing all EDI documents involved in channel management, including current and emerging standards. This repository can also include a variety of other enterprise data from areas such as orders and production, shipping and logistics, and forecasts. The solution receives, validates and transforms data to help enable informed business decisions, including managing the performance of fee-for-service agreements. It also automatically records transaction-level decisions and their justifications in a single location for easy access during audits.
- Sarbanes-Oxley (SOX)- and Security and Exchange Commission (SEC)-compliant channel management capability: Version 3.5 facilitates audits of operational requirements mandated by SOX, SEC and the Financial Accounting Standards Board (FASB), and it enables auditable testing of stringent SOX 404 security and access control requirements, according to Edge Dynamics. Pre-built reports help streamline audit compliance across order management, policy changes, scorecarding and data management, and they make it easer to comply with FASB policies such as revenue recognition; government pricing requirements; and SEC reporting milestones such as 10-K, 8-K and 10-Q statements, the solution provider said.
- Pre-built integration with third-party business intelligence (BI) tools: The new version of Edge Dynamics supports integration with such BI tools such as Excel, Cognos, Business Objects and Hyperion to enable analysis of channel trends.
Additional Articles of Interest
— It's best-of-breed versus supply chain suite versus ERP in supply chain solutions: How will your company decide? Read more in "The Great IT Debate," in the June/July 2006 issue of Supply & Demand Chain Executive.
— Supply chain executives are facing a skills gap that could hinder their companies' ability to compete in an increasingly fast-moving global economy. Here's what Supply & Demand Chain Executive is doing about it. Read "Warning Signs," the Executive Memo column in the June/July 2006 issue of Supply & Demand Chain Executive.
- More articles about Edge Dynamics.
