Lexar Media Selects 9ci for Closed-Loop Trade Promotion, Collections, Deductions & Auto Cash Application Management Solutions

Chicago ? 9ci, Inc. today announced that Lexar Media, Inc., a leader in advanced digital media and accessories, has selected 9ci’s closed-loop suite of credit management products to increase operational efficiencies. Lexar anticipates that in the first year it will achieve a 300 percent rate of return on its investment in 9ci products.

Lexar selected 9ci’s product suite to strengthen reporting to support near real-time financial decision making, efficient processing of customer transactions, and faster collection of cash. Lexar will immediately begin implementing 9ci’s iTradeVision, which includes modules for cash application, deductions tracking, trade promotions and business intelligence.

Lexar turned to 9ci to automate cash application and deductions tracking, as the company routinely processes a high volume of complex transactions. Using 9ci’s CashApply System (CAS) and Dispute/Collection & Deduction System (DCS), Lexar expects to substantially increase the efficiency and accuracy of its credit function. Business Insight, 9ci’s business intelligence module for credit decision support and analysis, will allow Lexar’s credit managers to review and monitor collector and analyst activity.

Furthermore, 9ci’s Trade Promotion Module (TPMS) will enable Lexar to forecast, manage and control its promotional spending by automatically tracking promotional deals against pre-approved trade funds, increasing company-wide visibility and awareness of trade promotions.

“We are confident that our investment in 9ci will provide us with the necessary tools to improve our decision support and improve customer service,” said Brian McGee, CFO and Vice President of Finance, Lexar. “9ci’s demonstrated knowledge of complex, highvolume businesses, as well as their ability to provide a single-source solution that can talk to Oracle and address all of our credit needs made 9ci the logical choice.”

“We’re very pleased that Lexar has selected our product line to streamline its credit function,” says Joshua Burnett, President of 9ci, Inc. “I’m confident that the projected savings and ROI are only the tip of the iceberg, and we look forward to an ongoing relationship with Lexar to provide the best possible solution and customer service.”