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August 17, 2006
The Avnet Rebate Management System is an online tool that provides value-added resellers with information on manufacturers' rebate and incentive programs and insight into how the partners are tracking against targets. Avnet adopted a rules-based approach to address changes in incentive programs offered by Avnet and its core vendors. Avnet's value-added reseller partners are able to access the Avnet Rebate Management System to learn about their exact position in meeting their targets, bonus opportunities, and rebates that they will receive.
Leveraging Fair Isaac's Blaze Advisor system has enabled Avnet to quickly implement changes from a supplier and reduce the time of implementing new incentive programs from months to a couple of weeks. As the engine of the Avnet Rebate Management System, the solution sifts through thousands of line items to provide Avnet value-added resellers with a view of how their latest sale is impacting their calculated rebate.
"The Avnet Rebate Management System has quickly evolved into a valuable tool for interacting with our customers and ensuring that they are aware of how every sale impacts their targets and rebate amounts," said Jim Joy, Director of Business Applications Development for Avnet. "The integration of Blaze Advisor was a result of our need for increased speed, flexibility and agility in how we implemented and addressed our partners' changing programs. Fair Isaac has proven to be a strong technology partner."
"Very few customer communications are more important than rebate and commission statements," Mark Layden, vice president and general manager of Enterprise Decision Management Technology at Fair Isaac. "It is critical to be accurate, even if the governing rules are regularly changing. Avnet has done a good job in using rules with its incentive application to improve precision and agility in this complex decisioning system. Customers continue to recognize and benefit from the precision, agility and speed that the use of rules at the core of their decision processes affords them. The Avnet rebate management system illustrates the power of rules applied to an ever-changing application."
Blaze Advisor system is part of Fair Isaac's software and solutions for enterprise decision management (EDM), which combines data, analytics, modeling and policy-level control to allow companies to define and manage their automated business systems for improved efficiency and greater profitability. Fair Isaac offers customers a combination of software and services, allowing an enterprise to quickly implement customized systems that lower operational costs, reduce risk and provide greater accuracy and consistency of critical business decisions in interactive and batch applications.
About Fair IsaacFair Isaac (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions a year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Fair Isaac also helps millions of individuals manage their credit health through the www.myfico.com website.
Statement Concerning Forward-Looking InformationExcept for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Fair Isaac Blaze Advisor business rules management system and the benefits to be derived from this product offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2005, and its quarterly report on Form 10-Q for the period ended June 30, 2006. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
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