If you manage procurement contracts with complex supplier rebates, then you may have reached the point where your current contract management system or ERP system doesn’t provide the functionality you need. That’s where a rebate management system comes in.
Unlike most traditional contract management systems and ERP procurement functionality, DealTrack handles over 90 different types of rebate agreement as standard. This is complimented by timely updates of purchasing activity from disparate systems and the ability to model and approve new trading agreements.
So, what could this mean to your business?
DealTrack handles the day-to-day control that is needed for accurate rebate processing. By being able to model all trading agreements accurately in this system and gather data from disparate business systems, DealTrack can tell you exactly what rebate to claim, when and from whom.
Being systemised, with all the detail of deals, transactions, rebates and margins held within DealTrack, auditing is made easy. IFRS 15 is driving auditors to review not only the amounts that are accrued for rebate income, but the process behind the calculation. DealTrack provides a very easy solution, with complete transparency of all rebate earnings and detailed drill-downs into the supporting data and calculations.
Growth is impacted in three ways:
- Giving buyers full visibility of the information they need on volumes, pricing and targets to negotiate smarter deals
- Providing visibility and automated alerts, such as when a target is about to be reached or at risk of being missed, means that smarter decisions can be made when making recommendations at point of sale.
- No more guesswork in terms of the impact rebate could have on margin — sales people have all the information they need to avoid providing too high a price and losing the deal or too low a price such that margin is adversely impacted.
To find out more about the benefits of DealTrack, take a look at our eBook "How can DealTrack improve your company performance?".