For Newsagents: Your Benefits

When you are Fully Compliant;
  1. You save time via electronic Delivery input
  2. You manage your cash flow via better Returns management
  3. You get a big discount off the base fee of $850 (Ex-GST) – i.e. you only pay $400 when you are a Fully Compliant newsagent
  4. You protect future sales because your Sales Inventory Data helps distributors replenish potential out-of-stock items
  5. You run your business more efficiently via a single EDI portal
  6. You save time and confusion via a single EDI portal
  7. You manage your Returns Claims process more efficiently
  8. You know at a glance what’s happening with this part of your business via
    1. File notes – these tell you what data you have sent, when it arrived, what quality it is in.   Plus, you can track what data you have received.
    2. Headlines – these are updates from XchangeIT and your Distributors, that might apply to you and your business
    3. Reports – these will be supplied to you to show how you are on track with your data Integrity, Timeliness, and Continuity – i.e. your data quality compliance
  9. ROI (Return On Investment). Let’s do the numbers:
  • Cost of XchangeIT Link = $400 a year
  • Time saved (according to current users) = at least 2 hours a week = 104 hours a year
  • 104 hours X wage of $8 an hour = $832 (NOTE: 2008 minimum wage = $14.31)
  • $832 minus $400 = $432 – a 108% positive ROI. Sub-total 1.
  • Accuracy = you can put your own value on it – add it to the above number as Sub-total 2.
  • Quicker turnaround time for your Cash Flow via credits = you can put your own value on it – add it to the above number as Sub-total 3.
  • Add the three sub-totals for a comprehensive ROI Total.
  1. Overall, you are able to spend more time in your store making money, instead of getting ready for business.