Incentive Agreements
Simplify the complexity of rebate agreements and enable customers and partners to finalize the best deals
Solution
An effective rebate management program involves the right combination of software and strategy. Vendavo has the solution.
Simplify the complexity of rebate agreements and enable customers and partners to finalize the best deals
Handles claims, billbacks, chargebacks, ship and debit, and others that empower your channel to maximize margin – Learn More
A B2B discount from a manufacturer on the products the distributors sell after a sale is made – Learn More
Base calculations on expressions or formulas, a calculation engine capable of processing large volumes of data, and a simulation engine that shows promotion potentials.
Centralized claims management with ability to bring in deductions.
Payment reconciliation with your customers and distributors and automate generation of payments based on defined periods
The ability to plan, manage, and execute phases of collaborative promotional activities – Learn More
Analyze the margin impact, authorize the requests, and design and analyze incentives on projected accrual
Enable collaboration and negotiations between your sales team and your customers/partners to finalize the terms of the agreement – Learn More
Generate settlement transactions from a claim into Accounts Receivables or Payables
We automate your entire rebate and channel process from deal creation to accruals, and payment generation to end-to-end reporting. You and your teams can calculate and analyze rebates, review margin, identify scenarios, and modify your programs to maximize effectiveness.
There’s financial data, including master, transactional, and accounts receivable data and pricing details via APIs that are then used in Vendavo’s rebate management tool for approvals, calculations, deductions/claims/billing, settlements, accruals, collaboration, and remittances and documentation the either back to ERP as necessitated or data provided to the distributor or customer.
We create, manage, and provide payments for your channel incentive programs for your customers and/or supplier partners.
Rebate management is the program that’s created to efficiently manage rebates. Rebates allow sellers to communicate to customers how they can receive the lowest price, but the burden of realizing the lowest price falls to the customer. The rebate is only earned after a specific outcome is reached.
Rebate management is the process of recording agreements, tracking those purchases and sales based on agreements, and managing accruals and deductions against claims to pay on time.
An effective rebate management program boosts customer loyalty, drives desired customer behavior, incentivizes product mix, enables you to leverage vendor rebate programs, drives growth, creates direct incentives, helps you manage prices more efficiently, enforces volume commitments, enables you to personalize prices, and helps you control inventory.
There are many types of rebates and they fall into two general categories, incentive rebates and channel management rebates. Rebate types include volume rebates, growth rebates, retention rebates, mix rebates, ship and debit rebates, indirect customer rebates, and price masking rebates.
First, define your rebate strategy, then create rebate templates based on incentives. Align your incentive complexity and incent value, and finally automate as many of your processes as possible.
There are many challenging aspects associated with rebates and incentives. The business challenges with rebates include administrative effort to properly track net revenue and costs, complexity in compliance to revenue accounting rules, tracking effectiveness and measurement of rebate program performance, risk associated with compliance, risk associated with overpayments, and risk associated with mistakes.