DM 11: Calculate and process accruals and payouts

Check out a video demonstration for this use case, here.

Use Case Situation Description

Calculating and processing accruals and payouts in the discrete manufacturing industry can provide several benefits. Firstly, it can improve accuracy and timeliness in rebate and incentive payments, ensuring customer trust and loyalty; it can reduce the risk of errors in manual calculations, saving time and resources, and it provides transparency in the payment process, improving customer relationships and satisfaction. In Pricefx you can do all that along improving profitability by ensuring that payments are accurate and timely, maximizing revenue and minimizing costs.

Finance, Controlling

Business Objective:

Automate the calculation of accruals and payouts and have audit-proved processes.

Manual and error-prone calculation and process with limited audit-trail.

Fully automated calculation and process of accruals and payouts. Provide end-to-end management of the rebate, payout, and accrual life cycle.

Automated calculation of accruals and payouts
Audit-proved accrual and payout process including approval and audit-trail.
Less / no calculation errors and less discussions with customers

None

Prescriptive Design Requirements

Coming soon

In this use case we are looking at how the Rebates capability in Pricefx can help you calculate and process accruals and payouts. By doing so, players in the discrete manufacturing industry can help track and manage financial transactions, ensuring that they are meeting their financial obligations and protecting their margins. Additionally, this process provides visibility into the performance of rebate and incentive programs, enabling companies to optimize their pricing strategy and improve customer satisfaction. Automating this process can also help improve efficiency and reduce errors. A centralized system for managing these transactions can improve compliance and enable better decision-making.