Rebate & Channel Manager
Complete incentive and rebate program management across all channels
Automate the management of your company’s sales and channel incentives
Proactively design, manage, payout, and track your pricing and rebate programs across channels all in one place.
- Maximize profits, revenue, and margin with flexible incentive management made for manufacturer and distributor needs
- Simplify the execution of your complex agreements
- Automate from deal creation to accruals, and payment generation to end-to-end reporting
Genpak improves customer satisfaction with systematic rebates and accruals
Discover how Genpak, a leading North American manufacturer of food packaging, leverages Vendavo to systematically and effectively accrue and pay out rebates.
Success with Rebate & Channel Manager
Help your teams and organization with Rebate & Channel Manager
Vendavo manages different types of customer rebate programs, for the agreements you set up, such as:
- Traditional channel programs such as %-based or unit-based rebates for your selling channel
- Net sales or growth programs
- Volume or revenue tier-based programs
- Fixed payments for marketing co/op or onboarding
- Commission or fee-based programs
- And more
Manage direct customer or customer pass-through rebates, channel proof of delivery/chargeback/ship & debit programs for customer special price agreements that are fulfilled through distributors who have stock pricing that is higher than the customer price, so a credit to channel needs to be managed.
Build trustworthy relationships and loyalty to encourage repeat business, confidence, and satisfaction that achieve your targets and grow your revenue.
Receive allowances for Purchasing, Marketing, and Distributing products leading to funding for launching, marketing (MDF), and promoting products (Co-Op.)
Accurate and timely calculations will build a trustworthy solid relationship and loyalty. You and your channel can view and track the current achievement and plan better to reach the target.
Additionally, you can download reports, analyze data, modify programs to recalculate accruals, generate payments and remittances, and even close programs.
“We were able to integrate Vendavo with our existing database and AP systems to allow us to automatically accrue and pay out rebates. Customers are extremely satisfied with getting their payments on time and in a more consistent fashion.” – Ali Bren at Genpak
Keep up with your contracts and manage billbacks (or chargebacks) that have been submitted. Build stronger relationships in your channel by ensuring communication and settlement.
Finance and rebate teams need to keep up with and respond to all channel agreements, payments, and transactions. By automating key needs and auditing historical data, Finance has one less thing to worry about.
Simplify your processes, reduce risks, be competitive, and spend less time on manual tasks.
“Historically, our sales were being managed on paper and there was no central place for commercial promotions. We needed a new solution that could help modernize the sales process. Vendavo offered the right solution for our trade promotion management processes that scales.” – Vice President at Confectionary Manufacturer
A selection of our integration partners
Extend the benefits of Rebate & Channel Manager across your business processes
Whether you need to connect to any ERP, CPQ, or CRM system, you can do so through the many available APIs and connectors.
Related thoughts and resources
FAQ
Vendavo offers comprehensive, integrated solutions for manufacturers and distributors, covering all aspects of price, quote, rebate, and profitability management.
From setting initial global and list prices, to efficiently managing on-invoice prices and off-invoice incentives like rebates, Vendavo is a leader with global enterprises. Those capabilities were further strengthened by the acquisition of Market Medium.
With Vendavo as your sole-source vendor, you gain a partner that addresses all your commercial excellence needs and requirements. Vendavo enables you to leverage automation throughout the entire process, streamlining deal creation, accruals, deductions, payment generation, reporting, and collaboration.
Unlike our competitors, who rely on partnerships to achieve similar functionality, we provide a unified solution for your pricing ecosystem.
While not extensive, we often see the following:
- Rebates either directly to customer or to resellers
- Pass thru rebates
- Chargebacks
- Ship and debits
- Proof of sales
- Contractual
- Fees and Commission
Manufacturers rely on multiple vendors and suppliers to stock their products and sell them to consumers, monitoring each segment of it requires powerful and lightweight software to define a partner experience to drive multiple orders.
- Define agreements that help boost sales and help preserve margins
- Tracking promotional spend across channels and measure promotion effectiveness
- Streamline deductions processing and prevent invalid deductions
The sense of rebates is shifting from marketing and pricing tactics to engagement and understanding strategy. It is essential to define distributor rebate agreements based on volume, value, growth of purchases, or sales of products from multiple locations.
- Capture various types of rebates from your vendors
- Identify new product introductions and rebates
- Meet margin guidelines on sales by accurately calculating dead net costs
- Pass-through promotions without revenue leakage to customers
Absolutely, and there are many benefits of Rebate and Channel Manager with accounts payable teams who can now:
- Issue AP Payments – incorporate high-volume rebates and agreement stipulations
- Manage deductions – understand the reason and validity of deductions, increase recovery rate, decrease time to solve disputes
- Issue Credit Memos – notes attached to every invoice to keep discrepancies to a minimum
- Schedule Automatic Payments – aligned with agreements, process hundreds of payments with one-click scheduling
- Manage exceptions – define approval rules for exceptions, amounts, customers, account status, paid terms, and other custom attributes
- Eliminate overpayments and dramatically reduce the time for payment reconciliations.
- Implement shorter deduction resolution cycles to reduce the cost per transaction and shorten Days Deduction Outstanding (DDO).
At Vendavo, we have substantial experience delivering technology solutions for pricing and commercial process and we’ve supported SPA pricing processes for both manufacturers and distributors since the company began more than 20 years ago. Through this lens, we’ve assembled best practices for automating your SPA processes from initial negotiation to final accounting.