Vendor rebate module: Requirements specification

Posted by Andrew Butt on 18-Jan-2018 13:49:00

You may be reading this blog for one of a number of reasons, e.g.:

  • Your ERP system doesn’t have a vendor rebate module
  • Your ERP system has a vendor rebate module but before implementing you want to draw up a requirements specification to check on the match to your business needs
  • Your current vendor rebate module needs some work to meet your business needs
  • You have more than one ERP system operating within your company, but need one module that sits across them all to manage vendor rebates across the whole business / group
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Topics: Rebate Management, ERP Vendor Rebate Modules

Choosing your rebate management system

Posted by Andrew Butt on 09-Jan-2018 09:20:00

Trading agreements involving rebates are prevalent in many industries such as building materials, lumber, HVAC, electrical distributors, buying groups of all types and other wholesale distribution businesses.

Rebates are used by suppliers to these industries to influence purchase decisions and drive profitable growth for both the supplier and the wholesaler.

Our Buyers' Guide is aimed at those wanting to choose a system to address the issues posed by managing rebate agreements.

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Topics: Rebate Management, Rebate Management System

4 things to STOP DOING in order to maximise your rebate earnings

Posted by David Hunt on 05-Jan-2018 10:18:00

Working with a number of organisations across industry sectors such as building materials, buying groups and wholesale and distribution, we have seen a large variety of very complex supplier rebates and trading agreements.  These very often involve incredibly complicated performance-based calculations with seemingly endless permutations, and on top of that agreements are subject to periodic review and change.

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Topics: Rebate Management

Contract management software for buying groups

Posted by Andrew Butt on 07-Dec-2017 10:11:00

Considering whether contract management software could be the solution for efficient, compliant, management of supplier agreements in your buying group?  

You’re not alone. According to a recent survey by Oxford Economics, 49% of procurement executives said that their contract management is already automated and 68% of those surveyed predicted that in 2 years’ time contract management processes would be completely automated.

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Topics: Rebate Management, Contract Management

Webinar Synopsis: A 3 Step Approach to Business Growth Through Better Rebate Management

Posted by Andrew Butt on 30-Nov-2017 08:22:00

Learn why organisations are looking for specialist rebate management software to solve their  issues, and how our implementation methodology leads to not only accurate rebate claims, but significant profitable business growth.

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Topics: Rebate Management, Rebate Management & Growth, Rebate Management System

12 things your rebate management system must do

Posted by Andrew Butt on 20-Nov-2017 09:23:00

We have a buyers' guide that outlines everything you should look for in a Rebate Management System, but I wanted to outline my top 12 features in this blog.

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Topics: Rebate Management System

Why your rebate management system needs to be ERP Agnostic

Posted by Andrew Butt on 15-Nov-2017 10:49:00

DealTrack integrates with major ERP systems such as SAP, Oracle and Microsoft Dynamics.

For reporting and payments, DealTrack can interface with a range of leading BI tools including Business Objects, QlikView, Tableau as well as purchase-to-pay solutions such as Ariba, Fourth and Proactis.

But in our view “out of the box” integrations are not sufficient for most scenarios. A rebate management system needs to be truly ERP agnostic.  For that reason, DealTrack comes with open APIs that can be used to import data from ANY other systems.

Here are just a few reasons why we think this is necessary:

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Topics: ERP Vendor Rebate Modules

Why your ERP system doesn't do rebate accounting

Posted by Andrew Butt on 01-Nov-2017 08:31:00

Many ERP systems already have a way of recording contract information and a vendor rebate module or elements of purchasing software that allow for rudimentary recording of rebates owed. 

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Topics: ERP Vendor Rebate Modules

A 3 step approach to business growth through better rebate management

Posted by Andrew Butt on 23-Oct-2017 08:32:00

We've had great feedback from our recent webinar, so I wanted to share the content with those who didn't make it on the day.  This blog provides a summary of the topics we discussed:

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Topics: Client Stories, Industry Sector: Building Materials, Rebate Management & Growth, Industry Sector: Buying Groups, ERP Vendor Rebate Modules, Rebate Management System

6 common problems with accounting for rebates

Posted by Andrew Butt on 16-Oct-2017 17:04:19

As experts in rebate management, we have come across (and fixed) many problems with rebate management processes.  Here are the 6 most common things that businesses need to fix in order to improve profitability and growth.

1. Problems representing rebate agreements in core business systems

Companies tend to look for a specialist solution to rebate management when they reach a point where their core business systems are proven to be inadequate.  We have seen several scenarios:

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Topics: Rebate Management, IFRS 15