Kenandy Extends Cloud ERP Platform With Integrated Quote-to-Cash

REDWOOD CITY, CA--(Marketwired - Dec 15, 2015) - Kenandy, Inc., the developer of the only full-function, enterprise-class, next-generation ERP running on the Salesforce App Cloud, today announced Kenandy Quote-to-Cash. Available immediately, the solution is fully integrated with Kenandy Cloud ERP, making Kenandy the only cloud ERP platform with seamless quote-to-cash functionality, including complete configure, price, quote (CPQ) capabilities. Kenandy Quote-to-Cash includes consolidated invoicing and subscription billing, enabling companies to fully service their clients out of one system, and support the complex requirements of the connected economy.

"This is a game changer," said Charles ("Chuck") Berger, Kenandy's newly-appointed CEO. "While many companies claim they provide quote-to-cash, none has the breadth required to provide a complete, fully-integrated solution for manufacturers and distributors. Instead, they offer a partial solution-like sales quoting-and rely on partnerships or complex, expensive integrations to enable the complete process. These integrations are failure prone, making it nearly impossible to deliver a robust solution."

Quote-to-cash incorporates all the steps in a business's revenue generation process, from the initial sales quote to product fulfillment and delivery and, finally, to invoicing and collection of payment. Traditionally, the process is complex because it requires significant data exchange and coordination across multiple applications touching many functions including sales, inventory management, production, procurement, fulfillment, logistics, and finance.

The complexity increases as businesses transition to the connected economy and offer solutions that are comprised of multiple types of products-hardware, software, data, services, and devices-in multiple business models including one-time charge, subscription service, pay-per-use, pre-paid service, or a combination of models. Kenandy Quote-to-Cash is the only solution with the fully-integrated capabilities required to seamlessly manage the complexities of the quote-to-cash process, including the requirements of the connected economy.

Kenandy's Integrated Solution Improves Sales Productivity and Customer Satisfaction

Kenandy Quote-to-Cash provides real-time visibility into the complete quote-to-cash process. The solution includes:

• Configure, price, quote (CPQ) capabilities for optimal pricing and quoting
• Order management for the receipt and tracking of orders
• Inventory and product visibility
• Fulfillment and delivery via integrated logistics
• Consolidated invoicing for products, subscriptions and services with multiple invoicing options
• Returns management and installed base tracking
• Payment receipt and bank reconciliation
• Credit and collections management
• Full accounting and financials
• Full visibility through dashboards and reporting

With Kenandy Quote-to-Cash, a salesperson can configure and price a quote with information on product delivery and availability to a customer. Once the order is received, Kenandy seamlessly ensures delivery on the promise date, subsequently billing the customer for the amount due if the product requires a one-time payment, or activating a recurring billing schedule if the product or service requires a pay-per-usage or subscription payment. Payments received from the customer are automatically entered into Kenandy Financials, a full multicurrency solution including duty, tariff, VAT, and sales tax support.

"The benefits of having quote-to-cash integrated with a complete ERP system are enormous," added Berger. "Companies will see increases in efficiency, customer satisfaction and revenue growth. With the added benefit of our billing options, companies will be prepared for any kind of order, including those arising from the connected economy. I'm thrilled the Salesforce App Cloud continues to allow us to develop significant functionality rapidly to meet our customers' business requirements."

About Kenandy
Kenandy is the developer of the only full-function, enterprise-class, next generation ERP running on the Salesforce App Cloud. Kenandy automates all of your core business processes including quote-to-cash, planning and production, supply chain, and global financials. Kenandy scales to any size enterprise and can integrate with your legacy system. Midsize companies use Kenandy to drive their growth and innovation. Multi-billion dollar enterprises use Kenandy to orchestrate their OTC processes for the connected economy. For more information, please visit www.kenandy.com.