disclaimer ©2011 microsoft corporation. all rights reserved. microsoft, windows, windows vista,...

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DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft Visual Studio, Microsoft Office, MS SharePoint, InformationSource (Beta) and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. Other names and brands may be claimed as the property of others. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. All pre-release product release dates and features specified are preliminary based on current expectations, and are subject to change without notice. Microsoft may make changes to specifications and product descriptions at any time, without notice. Sample code included in this presentation is made available AS IS. THE ENTIRE RISK OF THE USE OR THE RESULTS FROM THE USE OF THIS CODE REMAINS WITH THE USER. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION. NO LICENSE, EXPRESS OR IMPLIED, BY ESTOPPEL OR OTHERWISE, TO ANY INTELLECTUAL PROPERTY RIGHTS IS GRANTED BY THIS PRESENTATION. Microsoft products are not intended for use in medical, life saving, or life sustaining applications.

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Page 1: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

DISCLAIMER

©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft Visual

Studio, Microsoft Office, MS SharePoint, InformationSource (Beta) and other product names are or may be registered trademarks and/or trademarks in the U.S.

and/or other countries. Other names and brands may be claimed as the property of others.

The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because

Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee

the accuracy of any information provided after the date of this presentation. All pre-release product release dates and features specified are preliminary based on

current expectations, and are subject to change without notice. Microsoft may make changes to specifications and product descriptions at any time, without notice.

Sample code included in this presentation is made available AS IS. THE ENTIRE RISK OF THE USE OR THE RESULTS FROM THE USE OF THIS CODE REMAINS WITH THE

USER.

MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION. NO LICENSE, EXPRESS OR IMPLIED, BY

ESTOPPEL OR OTHERWISE, TO ANY INTELLECTUAL PROPERTY RIGHTS IS GRANTED BY THIS PRESENTATION. Microsoft products are not intended for use in medical, life

saving, or life sustaining applications.

Page 2: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

TECHNICAL CONFERENCE 2011LEARN | INSPIRE | INNOVATE

NICE,FRANCE

Page 3: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

MICROSOFT DYNAMICS AX FOR RETAILMERCHANDISING & STORE OPERATIONS ENHANCEMENTSBALAJI BALASUBRAMANIAN, JOSEF SCHAUER

SESSION CODE : BRK256

MICROSOFT DYNAMICS R&D

MICROSOFT CORPORATION

Page 4: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Today we will show you …

Products, Merchandising Hiearchies and Category Management

Assortment Management

Pricing and Promotions Improvements

Store Operations enhancements

Page 5: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Components in action todayIndustry 1

Industry 2

Horizontal 2

Horizontal 1

AF 1

AF 2

Framework 2

Framework 1

Public SectorServices SectorManufacturing Distribution Retail

Financials SCM Inventory Projects

CPM & GRC CRM HCM: HR & Payroll SRM

Horizontal Applications

Reference Data

Application FoundationMaster Data Application Primitives

Clients

FrameworkServers Tools

Technology Stack

Industry Sector Applications

Page 6: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Products• Products are “global”• Base and extended properties management• Inventory Dimension Groups

• Retail Uptake– Migrate Retail attributes and functionality

– Style dimension rationalized

Page 7: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Products – Retail Uptake details

•Retail Product attributes and features rationalized across Global Products and LE specific (released) Products.

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Page 8: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Additional Enhancements

•Add Products– Additional invocation points• Purchase order, Sales order, transfer order, counting journal

– Support for global/released products depending on invocation point

– Support for dimensions display– Ability to set quantity– Variant matrix selection dialog

•Mass update worksheet– Allows bulk product updates across product categories– Changes can be validated prior to posting

Page 9: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Goals

•Uptake AX2012 generic category framework•Support for multiple retail category hierarchies•Enhancement for better product maintenance

Page 10: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Overview

Generic Category Hierarchy Management

Role/Purpose of Category Hierarchy

Purpose-specific Category Hierarchy Management

Page 11: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Details

•Retail Product Hierarchy

– One retail product hierarchy

– Categorize products

•Supplemental Retail Hierarchy

– Any number of supplemental retail category hierarchies

– For special purposes (e.g., Clearance, Discounts/Promotions, Top items, Assortment etc.)

Page 12: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Details•Products categorization via

– Bulk: Retail product hierarchy management form

– One-by-one: Product management form

•Retail Product Hierarchy

– Product can be categorized only once

– Product attributes (user defined)

– Default product property values (Global, LE Specific)

• Basic product properties

• Retail product properties

• Option to preserve overridden product property values

– Map vendor categories

Page 13: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Details

•Consistent implementation and user experience across product

•Tree-style navigation

•N-level deep category hierarchy

– No longer limited to four

•Define Manually or Import hierarchies

•User defined attributes

– Category attributes

– Product attributes

•Child category nodes inherit from parent node

Page 14: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Category Management - Details

•Supplemental Retail Hierarchies

– Any number of supplemental category hierarchies

– For special purposes (e.g., Clearance, Discounts/Promotions, Top items, Assortment etc.)

– Product can be categorized across hierarchies, but only once within a hierarchy

– Product attributes (user defined)

Page 15: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Demo 1 : Products, Category Management

Persona Pain Points and Challenges Features Covered Results and Benefits

Merchandising Manager

Difficult to setup, manage large number of products across companiesNeed to have multiple merchandising hierarchies for variety purposesHard to manage properties (core, custom) as well as inventory dimensions

Products & Inventory DimensionsCategory ManagementInventory usability improvements

Retail product attributes and dimensions rationalized with standard AXMultiple Merchandising Hierarchies, with unlimited nodesEasy way to manage and maintain products

Page 16: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

ASSORTMENTS

Page 17: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Feature Overview

•Assortments

– Defines product availability for each store/channel

• Where and when a product is available

– Utilize groups of products and channels for easier management

– A store’s overall product mix is determined by one or more assortments

Page 18: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment

Assortment 1Item A

Assortment 2

Assortment 3Item C

StoreX

StoreY

StoreZ

Item B

Page 19: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment

Base ItemAssortment

Winter Sports

Motor Sports

All Stores

Alpine Region Stores

Large Stores

Page 20: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment

•Use of products, categories, organizational model

– Assortments are global

• An assortment can span across legal entities

– Assortments contain global products and categories

• An assortment may contain products not released to legal entities

– Organizational model

• Utilize multiple hierarchies containing legal entities, business units, channels, etc…

•Define assortments across multiple channels

– Support for all retail channels (brick and mortar + online)

Page 21: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment•Support for excluded products

– Assortments can be defined to“include all products in category X except product Y”

•Date effectivity

– Assortments can be planned ahead of time with specified start and end dates

– POS Client is date effectivity aware

•Assortment status

– Assortments can move between “draft” and “published” states

• Only published assortments impact product availability

• Changes made to in-draft assortments can be reverted

Page 22: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment

•Assortment visibility

– Assortments for a given channel

– Products for a given channel

– Channels where a product is available

– Assortments a product belongs to

– Products within an assortment

Page 23: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Assortment

•Assortment scheduler

– Assortments are de-normalized using a batch job

– Improves performance

• Only published assortments are processed

• Only the delta is processed

Page 24: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Demo : Create an assortment

Persona Pain Points and Challenges Features Covered Results and Benefits

Retail merchandising manager

Product availability across all channelsSeasonality of merchandiseAdding new product during a season

Creating and publishing and assortmentUse of organizational hierarchyUse of product categories

Easy control of product availability across channels using assortment hierarchies and date effectivityNewly added product can automatically be included in assortments

Page 25: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

PRICING AND DISCOUNTS

Page 26: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Price calculation at POS

•Retail store has price groups assigned

•Uses AX trade agreements for either store or customer

– Falls back to base sales price on product

•Price adjustment

– Temporary price reduction with special conditions

Page 27: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Product price

Trade agreement

$10

Base sales price$9 Product

price$10

Price adjustment

$8

Product price$8

Page 28: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Retail discounts•Discount

– Percentage, amount, specific unit price

•Quantity discount

– Percentage, specific unit price

•Mix and match discount

– Percentage, amount, deal price, least expense, line specific

•Discount period

– Specific days, time periods

•Concurrency rules

– Exclusive, best price, compounded

Page 29: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Periodic discounts

Discount B20%

Discount A10%

Sales price$6.4

Best price

Discount B20%

Discount A10%

Sales price$5.76

Compounded

Page 30: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Promotion publishing

•Discounts are tied to AX campaign management

•Unique discount (coupon) code per media

– Code is optional or required at time of retrieval

•Published through Sites Services

Page 31: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft
Page 32: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Demo: Pricing and discounts

Persona Pain Points and Challenges Features Covered Results and Benefits

Retail merchandising manager

Product has different prices in different channels, regions, etc.Promotional pricing

Leverage of price groups and trade agreementsChannel price listsRetail specific discount offers

Easily set prices across channelsVisibility into current prices from store or productFlexibility in promotional pricing

Page 33: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

STORE OPERATIONS IMPROVEMENTS

Page 34: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Store Operations Improvements• Store Database and Support for Hybrid mode

– Data Consistency across stores– Key scenarios for offline usage– Support critical multi-Register scenarios

• End of Day Improvements– Blind Close

– Floating Till

Page 35: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Store Database - Feature Goals

Support a central store database with the ability for terminals to connect to a local offline database when the store database is unavailable.

‒ Ensure terminals are functional as close to 100% of the time as possible

‒ Lessen store connect load

‒ “Single version of the truth”

‒ Enable tradeshow and sidewalk sale scenarios

‒ Reduce impact of server administration on operations

Page 36: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Concepts and Definitions

‒ Store Database: Central database within a store

‒ Offline Database: Database used by POS when store database is unavailable

‒ Synch Service: Data synchronization service built on Microsoft Sync Framework

Page 37: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

High level

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Synch service keeps offline db updated

Page 38: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

High level - Connection lost

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Page 39: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

High level- Offline

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Page 40: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

High level - Reconnect

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Page 41: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

High level- Trans Synch

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Page 42: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Data Synchronization

Master data synchs from store db to offline database

While connected to store database transactions are saved directly

Transactions while offline synch back to store database

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Page 43: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Topologies

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• Supported:– POS with local offline db– POS without offline db

• Unsupported:– Deployment without Store Database– Hybrid / Mix-n-Match

Page 44: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

End of Day Improvements - Feature Goals

– Floating Till

• Loss prevention measure

• Flexibility for specific users to utilize all terminals when needed

– Blind Close

• Support better Cash management via balancing till in separate location

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Page 45: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Concepts and Definitions

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•Terminal is ready to process any sales transaction•Sales transactions are grouped into a “batch” (or “shift”) which are assigned to a specific terminal and staff member•Other staff members, with appropriate permissions, can use the open batchSales•Only non-drawer operations such as quantity and price checks can be performed; all other operations will result in an error

Non-drawer operations

•Batch is currently opened and assigned to a user and terminal•User is actively performing sales transactions•Only one active batch per terminal•Batches must be explicitly opened and closed by staff member

Active Batch

•Batch is on hold and is not currently assigned to a terminal• E.g. staff member goes on break•Explicit operation of “Suspend batch” is performed by staff member •An operation of “Resume batch” reopens the batch

Suspended batch

Page 46: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Feature Details

Introduction of Retail POS Staff types

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•Users can only log on to one batch •For example, staff members assigned to a specific terminal or lane such as in department, discount, or convenience stores

Users assigned to a specific till/batch

•Users share the batch•Little accountability•For example, all sales reps at specialty store sharing 2 terminals. Or, store managers who require the ability to utilize any terminal at any point

Users sharing a till/batch

Page 47: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Feature Details

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Batch status

• Is a batch currently open?• Who owns the batch?• Who are the users of the batch?

User status and permissions• Can the user log on to this batch (as owner or user)?• Does the user have an open batch within the store?

Prompts for POS mode

• System prompts the user to either:• Open a batch• Use existing batch• Resume an existing batch• Perform a non-drawer operation

Page 48: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Feature Details – Blind Close

Introduction of a new batch status and operations

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•Batch is blind closed through a new operation•Batch is no longer active but is not closed•Terminal is free to open a new batch•Till is counted and batch closed in another POS terminal

Blind closed batch

Blind closing a batchPOS operation

Marks the batch as blind closedPrints chitSets POS mode to non-drawer

Based on permissions

Page 49: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

What we showed you today…

• Demonstrated few of the key capabilities in the upcoming release

– Products, Category Management

– Assortment Management

– Pricing and Promotions Management

– Store Operations Improvements

Page 50: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Related sessions

•CHK222: Dynamics AX for Retail – Drill down on Store Connect, Transaction Service, Monitoring and Troubleshooting

•BRK255: Dynamics AX for Retail – Online Services Overview and Investments

Page 51: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

Visit our Focus Rooms

Public SectorServices

IndustriesManufacturi

ngSolution

ArchitectureRetail

• Evaluation of Implementation Proposals by Dynamics AX R&D Solution Architecture & Industry Experts

• Gain further insights on Dynamics AX Industry Solution Offerings

• Resolution Guidance on Solution Roadblocks

• Networking

Focus Topic HighlightBusiness Intelligence

Tuesday 2.15pm – 5.45pmRisso 6C

Risso 8ARisso 7BRisso 7ARisso 6CRisso 6A/B

Page 52: DISCLAIMER ©2011 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista, Dynamics AX 2012, Microsoft CRM, Management Reporter, Microsoft

© 2010 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.

The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the

date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.