FinTech 50 firm e-bate Limited has published a 26-page whitepaper to help businesses better understand the process of rebate management and improve their financial position.
The free download, entitled ‘Your Complete Guide to Achieving Rebate Management Excellence’, covers themes such as ‘Rebate management best practices and behaviours’, ‘Benchmarking rebate management performance’ and ‘How your job function impacts on your rebate solution’.
The aim of the guide is to support those in the procurement, finance, commercial, management and IT functions, with real world examples of rebate management excellence and how to take their current processes to the next level. The free download can be accessed here.
Leicester-based e-bate explains in the guide that rebates originated from the need for suppliers and distributors to have the ability to grow product sales, whilst controlling margins and rewarding those who frequently bought or promoted their products.
The concept of rebates seems simple, but when you add multiple factors into your rebate deals such as tier volumes, time-based tiers, new products and end-of-life products, rebates can quickly become complex.
Therefore, many businesses using basic rebate management tools such as ERP systems and spreadsheets find themselves missing revenue opportunities, claim deadlines and don’t have the ability to forecast effectively without live data and reporting.
E-bate is a rebate management software solution that automates the entire rebate process throughout the supply chain. The firm, based in Leicestershire, was launched in 2018 by technology entrepreneur Leanne Bonner-Cooke MBE.
“Our whitepaper is a free tool that we hope businesses can use to make their rebate processes better,” said CEO Bonner-Cooke. “We speak to many companies who have unfortunately lost hundreds of thousands in revenue simply by not claiming the rebates they’re owed, so we know that automating the process with an intelligent specialist SaaS solution such as e-bate is essential for protecting revenues and ensuring future business profit and growth.”
E-bate says it provides its customers with maximum visibility, complete predictability and total reliability of their rebate management process, by delivering implementation in weeks; a configurable workflows; a real-time calculation engine; and user maintenance.
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