Overview

Caribou Lou brings seamless integration with Enable's rebate solution. This productized integration allows for comprehensive modeling of rebate deals and precise management of their business impact. You can now experience fluid connectivity between Pricefx and Enable platforms, with real-time rebate calculations during quote creation, significantly streamlining rebate management processes.

Enable Key Features

• Complex Rebate Program Management, the integration allows for seamless handling of intricate rebate programs for both customers and suppliers, utilizing the Enable Rebates solution.

• Rebate Calculations in Pricefx, rebate calculations are directly accessible within Pricefx during quotation or price list creation, enhancing efficiency and accuracy in pricing decisions.

• Seamless Contextual Navigation, users can navigate effortlessly between the Pricefx and Enable platforms, ensuring a smooth user experience.

• Unified Login, a single sign-on (SSO) system simplifies access to both applications, improving user convenience and reducing login-related friction.

• Pricefx as the Single Source of Truth, customers only need to integrate with Pricefx, which acts as the central hub for data and operations, reducing complexity and ensuring consistency.

Enable Insights

• Efficiency Gains: This integration eliminates the need for separate platforms for rebate management and pricing, reducing manual work and potential errors.

• User Experience: Features like SSO and seamless navigation prioritize ease of use, which can lead to higher adoption rates and satisfaction among users.

• Centralized Data Management: By positioning Pricefx as the single source of truth, the integration ensures that all rebate-related data is consistent, reliable, and easily accessible.

• Scalability: The productized nature of this integration suggests that it is pre-configured, making it easier to deploy across various businesses without extensive customization.

This solution is ideal for organizations looking to optimize their pricing and rebate strategies while maintaining operational simplicity.

Seamless End-to-End Management

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This Enable release update focuses on a solution for managing rebate programs and profitability effectively, highlighting three key features:

Simple Workflows

Provides a streamlined platform for creating, managing, and executing rebate deals. It allows rebate earnings to be incorporated into quotes and price lists and enables seamless quote generation directly from rebate programs.

This feature simplifies operational processes, reducing manual effort and ensuring that rebate-related calculations are integrated into pricing workflows from the start.

Automatic Syncing

Automates updates of rebate programs, earnings, and forecasts between systems (Enable and Pricefx). It integrates with existing tech stacks, such as ERP systems and BI tools.

Automatic syncing ensures real-time data accuracy, minimizes discrepancies, and enhances collaboration across different tools and departments.

Strategic Insights

Offers waterfall-based guidance for creating rebate programs. Rebate earnings are included in price analysis, with advanced tools for margin and profitability analysis.

This feature empowers businesses to make data-driven decisions, optimize profitability, and align rebate strategies with broader pricing goals.

Enable Integration Overview

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This illustration provides an overview of the Enable integration for a pricing and rebate management system that combines abilities of the Pricefx and Enable platforms. It illustrates the data flow between a customer's system, ERP, and these platforms.

The integration is separated into three main components:

Customer System & ERP

The Customer System and ERP integration involves sending various types of data, including product master data that details products, customer and supplier master data containing information about clients and vendors, and transactional data related to sales and purchases. In return, the system provides financial outputs such as credit memos, financial postings, and vendor invoices back to the customer system

Pricefx

This component is centered on price management, optimization, and CPQ (Configure, Price, Quote) functionalities. It includes tools for creating price lists and quotes, as well as providing insights into pricing performance through price and profitability analysis.

Enable

The system is dedicated to rebate management, which includes defining rebate programs, evaluating their performance, and processing rebate claims and settlements. This comprehensive approach ensures that all aspects of rebate management are effectively handled.

Additionally, the system focuses on data integration and processing, ensuring data quality through integration and cleansing, as well as facilitating accurate data exchange between systems via reconciliation and transmittal. It also performs calculations for rebate earnings and authorizes and processes payments, resulting in timely rebate payments and earnings.

Seamlessly Manage Rebate Deals 

The system enables automated rebate calculation and collection, enhancing confidence, reducing errors, and increasing efficiency while managing various rebate types such as discounts, volume rebates, and loyalty schemes. Additionally, it offers dynamic forecasting that accounts for seasonality, allowing for effective tracking, adjustment, and modeling of projected rebate

• Automated rebate calculation and collection - calculate and settle/collect rebates with confidence while reducing errors and increasing efficiency.

• Creation and calculation of all rebate types - leverage incentives, retrospective discounts, volume rebates, co-op funds, promotions, market development funds, lump sums, loyalty schemes, commissions and royalties.

• Dynamic forecasting - review and accept forecast recommendations which consider seasonality and allow you to track, adjust and model projected rebates

Seamlessly Collaborate with Partners

The platform facilitates deal sign-off by allowing trading partners to securely view and approve proposals, provides a partner dashboard for real-time deal progress, and includes an activity log to track all portal activities, such as invitation statuses and proposal sign-offs.

• Deal Sign-Off - invite trading partners to view, comment on, and approve deal proposals from a single, secure location.​

• Partner Dashboard - minimize reporting requests and align on common goals by providing a real-time view of ongoing deal progress. ​

• Activity Log - review all activity that has been undertaken in the portal including invitation statuses, deal views, and proposal sign-offs​.

Rebate Calculations in Quoting

Rebate calculations are integrated into Pricefx during the quote creation process, providing real-time calculations based on rebate program rules and current data, with contextual navigation options available for accessing detailed rebate information, which is also applicable during price list creation and modification.

Quoting capabilities:

• Rebate Calculations – available directly within Pricefx at the time of a quote creation process with real-time calculation based on the respective rebate program rules and the latest data​.

• Contextual navigation – options to navigate to Enable for more details on underlying rebate data or rebate program details, etc.

• Similar options available also at Price List creation / modification ​