Why do you need to use Rebates in your company?
The rebate is the amount of the purchase price refunded by the seller to the payer. The rebates can be paid out only if the value of goods or quantity purchased reaches the specified limit or other specified goals are met, usually for a given time period.
You can use rebates to reach the following business goals:
Existing customer retention
Attract new customers
Getting additional information about customers
Maintaining high net prices
Reducing visibility in overall price reductions
Improve sales volume
How can you use Pricefx to manage your Rebates?
Pricefx offers a capability that helps you:
Create, manage and execute rebates
Set rebates at any customer/product levels
Create, track and manage any rebate types in a transparent and easy way
Use built-in analytics to track rebates performance and prepare for claims payouts
Integrate with leading CRM and ERP systems to streamline rebate processes
Automate rebate approvals and push accruals to the ERP system
Global rebates visualization using Dashboards
Typical Business Scenarios
The Rebates functionality can be used for the following scenarios:
Centrally define rebate types that will be used locally/globally
Make a forecast on paid out rebates based on previous performance
Approve and manage customer-specific bonus and rebate agreements
Calculate bonuses and rebates based on the actual performance
Create rebate records that will be sent to other systems (for payouts)
Rebates Key Functionality
The Rebates capability offers the following functionalities:
Rebate Agreement Types
To create and maintain the rebates, the first step is to define the agreement types. You can have as many rebate agreement types as you need for your business purposes.
Condition Types
For each rebate type applied to your business, you need to have a condition type in place that represents the different ways of rebate agreement calculations. Condition types will vary due to goals, rebate criteria, and rebate calculation behavior.
Rebate Templates
Based on templates you can generate different rebate agreement outputs. These templates can be shared with others via Excel file and/ PDF file.
Rebate Agreements
A rebate agreement will include the validity dates, condition types, specific input pricing parameters, specific payout dates, and additional analytics and performance charts.
Calculations
To perform the rebate calculations, Pricefx offers a configuration logic (formula) that will setup price calculations and call different data from different sources, including master data and pricing parameters.
Rebate Records
Rebate records are created for each line of a Rebate Agreement upon its approval (item line conditions). This list will represent the approved records calculated to be ready for your ERP system.
Payout Records
When the rebate calculations are completed and submitted, the payouts are generated and you can see those payout records in Pricefx.
Where to start with Rebates?
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