EXCHANGE EXPANDS OFFERINGS TO BUILDERS AND MANUFACTURERS
Natural extension of existing services

December 16, 2009 (San Diego, CA) –Compendia has recently introduced a new service that provides a strategic channel between builders and manufacturers to better facilitate the product rebate process.

Compendia Exchange (CE) allows manufacturers an opportunity to influence current and future buying decisions and simplify the tracking and processing of rebate programs. In exchange, builders can maximize rebate values from manufacturers’ products installed in the homes they build.

"We have a unique competitive advantage to provide this platform because of our proprietary processes of collecting and validating manufactured products for our other existing services," said Compendia CEO Steve Fabry, "We know what products are installed in every house, so we can offer a mutually beneficial forum for builders and manufacturers to connect."

According to Fabry, builders can maximize rebate potentials through Compendia's economy of scale with other builders. Builders might receive a small return on their rebate investment from one product, but when their percentage is combined with other builders in the exchange, the rebate dollar per unit grows significantly. Additionally, there might be products builders do not receive rebates on they would otherwise be entitled.

"We get to send our customers a check for a change," Fabry said.

From the manufacturer's perspective, the Exchange provides improved visibility and accuracy for rebates and market share.

"It prevents the practice of 'double dipping,'" Fabry noted, "And it provides a platform for manufacturers to market direct to builders."

CE is a natural extension of Compendia's existing service of providing manufactured product warranty guides to new homeowners. As part of Compendia's production process, all the manufactured products typically installed in a home are audited to ensure the builder meets their state and federal requirements and the homeowner has a proper accounting of what is in their homes.

"Our data is accurate down to the SKU number. It makes perfect sense to use this data for the benefit of our customers," Fabry said. "And because our information comes direct from the source (builders, developers, installers and subcontractors), the quality of the reporting and analysis of the programming is more comprehensive and accurate."

Compendia Exchange is a turnkey service. While standard rebate administration services require its members to collect the data and submit the information for rebates; CE prepares all the necessary documentation behind the scenes.

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