In today’s financially challenging and competitive landscape, successful companies are maximizing their growth potential while being mindful of their cashflow. One powerful tool they’re leveraging is rebate programs. Rebates have evolved beyond just volume purchases, with programs based on EDI trading, invoice payment, and year-over-year growth. Understanding your rebate opportunities and managing them effectively is key to future success.

Despite significant advancements in the supply chain, such as EDI, analytics, AI and PIM systems, many trading partners still lack a centralized or automated rebate solution. This gap prevents them from efficiently managing and evaluating rebate performance.

The Risks of Not Adopting a Modern Solution

Companies that continue to rely on manual rebate management methods such as spreadsheets and custom SQL solutions, encounter several challenges:

Time Consuming and Error prone

Managing rebates manually takes significant time and introduces the risks of errors. Without real-time insights, companies are unable to proactively monitor rebate performance, forecast accurately, and take corrective action where needed.

Inability to Scale

Manual processes are difficult to scale, limiting the ability to expand quickly. As complexity of rebate agreements increases, so does the potential for mistakes and inefficiencies.

Oversimplified Programs

When managing rebate programs manually, companies often opt for simpler agreements to avoid the administrative burden of complex calculations. While this approach reduces the resource limitations, it may not be serving the business’ best interests. By simplifying rebate structures, companies risk missing out on more lucrative, tailored agreements that could drive greater value and profitability.

How OneRebate Helps Your Business

Supply Cloud’s OneRebate empowers companies to unlock the full potential of their rebate programs, reducing the risks associated with manual calculations and enabling data-driven decisions.

Transparency and Visibility

OneRebate provides complete transparency into rebate agreements, empowering distributors and suppliers to monitor performance and track progress toward rebate goals. This visibility helps businesses avoid under or over-claiming, ensuring that rebates are maximized. Complimented by OneAnalytics and AI, all stakeholders can benefit with real-time reporting, rebate performance, and year end forecasting to facilitate data-driven decision-making.

Automation of Complex Calculations

Most businesses deal with complex rebate structures involving multiple tiers, calculations, or time periods. OneRebate supports these calculations natively, reducing the need for manual processes and eliminating the risk of discrepancies often associated with spreadsheets or human error.

By embracing automated solutions, this allows businesses to manage even the most diverse rebate agreements without sacrificing efficiency, while unlocking opportunities for more strategic and beneficial partnerships.

Accurate Reconciliation and Validation

Supply Cloud enables users to reconcile and validate rebate data efficiently by comparing their internal data with supplier-provided information, whether through EDI or imported data. This minimizes errors and disputes, ensuring that all parties involved are aligned on rebate amounts.

As a centralized solution, OneRebate transforms rebate management into a competitive advantage. By automating rebate calculations, improving transparency, and reducing errors, you can focus on what truly matters: growing your business.

Want to try OneRebate for free? Connect with us to get started!