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.
DealTrack Blog — ERP Vendor Rebate Modules
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:
How do you achieve a single ERP system across all businesses in a newly merged organisation? Is a single ERP even necessary?
Most businesses have a choice of 4 types of system to manage trading agreements:
1 — Your core ERP system
Basic ERP systems do not cope with vendor rebates very well at all. Some ERP systems do have bolt-on vendor rebate modules. They tend to provide some flexibility but in a very complex environment the standard module is often not up to the job and incapable of modelling all the product / price / branch / margin combinations that might be required. As a result, many companies still need to resort to extracting data into spreadsheets so that they can calculate rebates.
Complex ERP and supply chain systems such as SAP are built to cover a broad range of requirements for organisations in a lot of different sectors. If you have a need for niche, deeper industry specific functionality such as complex vendor rebate management, then trying to force your organisation’s needs and processes to fit with general ERP functionality limits your ability to maximise value from your vendor rebates.