DealTrack Blog — Rebate Accounting

6 ways to improve your rebate accounting processes

Posted by Andrew Butt on March 22, 2017 08:30:00

The complexities involved in managing complex trade agreements and rebate accounting and retrospective discount payments are often difficult to model in manual systems such as spreadsheets and basic accounting software. Organisations opting to calculate, forecast and accrue rebate income in this way leave themselves at risk of inaccuracies, missed opportunities and supplier disputes.

Continue reading

Topics: Rebate Management, Rebate Accounting

4 rebate accounting mistakes to avoid

Posted by Andrew Butt on March 14, 2017 10:26:00

Businesses managing complex trading agreements face several hurdles that are difficult to overcome entirely when using manual processes and spreadsheets. Lack of transparency, inaccuracy and limited control of rebate accounting processes is common and the ramifications of these can have a damaging effect on profit, compliance, cash flow and business growth.

Continue reading

Topics: Rebate Management, Rebate Accounting

4 alternative solutions for rebate accounting

Posted by Andrew Butt on February 7, 2017 08:00:00

Most businesses have a choice of 4 types of system to manage their trading agreements, but that doesn’t mean each one is the right fit for every business. We explore all options below.

Continue reading

Topics: Rebate Management, Rebate Accounting, ERP Vendor Rebate Modules

Rebate accounting: 3 ways to improve efficiency

Posted by Andrew Butt on May 31, 2016 11:00:00

It's a complex task managing multiple vendor rebate deals across multiple vendors, multiple product lines, and in some cases multiple units of measure.  2 for 1, multi-pack discounts, retrospective discounts, limited lifetime promotions, not to mention awards points and prizes make rebate accounting a very complex job. 

Continue reading

Topics: Rebate Management, Rebate Accounting

Aligning finance and procurement teams to drive better vendor rebate deals

Posted by Andrew Butt on May 19, 2016 18:56:50

In business, procurement and finance are two separate departments, working alongside one another within the organisation. The procurement function is about spending the money well and driving more for less from suppliers, and the finance team is all about keeping the balance sheet in check and driving profitability.

Continue reading

Topics: Rebate Management, Procurement Excellence, Rebate Accounting, Rebate Management System, Supplier collaboration, vendor rebates, Finance