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Why an audit trail is beneficial for rebate accounting | Enable
Every business should keep its rebate agreements transparent, recording each step in the process so that it can be traced back to the original source. To get the whole financial picture of your rebate deals you need to identify and fix any critical errors and assess ways to improve your rebate accounting process. To do this, you need access to a complete and reliable audit trail. What is an audit trail? An audit trail is a detailed record of a financial transaction or a document such as a...
How To Grow Your Business in The Building Materials Industry Using Rebates | Enable
Growth in many businesses can essentially be boiled down to smart purchasing and profitable selling. The building materials industry is a prime example of this. Of course, superficially, purchasing smart and selling profitably should be relatively easy. However, the way deals are agreed between suppliers and merchants in the building materials industry make this more exponentially more difficult! The status quo What we've seen in the building materials industry Manufacturers in the building... In this blog, we’ll explore how you can use rebates strategically to fuel your business’s growth.
5 Ways Wholesale Distribution Can Earn More Rebate Revenue | Enable
Most wholesale distribution businesses fail to claim all rebate due, leaving millions of dollars on the table each year. If your wholesale distribution business is like the 57% of U.S. distributors that consistently leave rebate revenue on the table, you’ll be ‘giving thanks’ for this seasonal advice for years to come. We’ve compiled five ways your wholesale distribution business can increase revenue and margin—and they’re all to do with how you manage your supplier rebate agreements. #1 Be... Strategic management of rebates can help companies generate millions. Explore 5 ways your wholesale distribution business can earn more rebate revenue.
5 Benefits of Using Special Pricing Agreements | Enable
In this blog, we’ll be covering the basics of special pricing agreements and how can they benefit your business without the extra work. Special pricing allowances are a flexible pricing technique. Explore the basics of special pricing agreements and how they can benefit your business.
What are Market Development Funds (MDFs)? | Enable
Market development funds (MDFs) are funds provided by the manufacturer to fund marketing activities. Learn more about market development funds accounting. Market development funds (MDFs) are funds provided by the manufacturer to fund marketing activities. Learn more about market development funds accounting.
From Counting to Measuring and Managing Vendor Funds | Enable
Vendor monies that support reseller sales are big business. US-based research conducted in October 2018 estimates that, at top performance levels, distributors, dealers, and retailers use $600+ Billion (USD) in vendor funds. Projections from the EU find that approximately €500 Billion (EU) in vendor funds are similarly spent. These vendor funds are found as four primary types including: SPAs - Special Pricing Agreements used by sales to compete with a competitor’s special pricing to a...
3 Pillars of a Successful Rebate Strategy: SMART | Enable
In this blog, we’ll explore what a SMART rebate strategy looks like and how adopting a SMART approach can boost the efficiency and performance of your rebate programs. In this blog, we’ll explore what a SMART rebate strategy looks like and how adopting a SMART approach can boost the efficiency and performance of your rebate
What is Special Pricing Collaboration? | Enable
With ever-more complex special pricing agreements being created in an already vast and competitive market, the ability to efficiently maintain pricing flexibility between manufacturers and distributors has become essential. Both supplier and customer rebate have been prominent for many years. Their aim is incentivizing purchases and sales and protecting profit margins. A focus on rebate management has helped merchants, buying groups, wholesale distributors and retailers to drive mutually...
The Pitfalls of Manual Rebate Claims and the Rewards of Efficiency and Accuracy | Enable
In this article, we delve deep into the challenges of a manual claim management process and highlight the transformative benefits that come with streamlining this crucial process. In this article, we delve deep into the challenges of a manual claim management process and highlight the transformative benefits.
The Art of the Deal: How Rebates can Power Your Trading Agreements and Buying Behavior | Enable
By understanding the impact that these incentives have on customers, businesses can better tailor their rebate management strategies to encourage desired buying behaviors. Harness the power of rebates in trading agreements. Learn how rebates influence buying behaviors and contribute to successful deals.
The Purchasing Power of a Buying Group | Enable
To stay competitive while maintaining independence, joining a buying group is essential. Keep reading to understand the purchasing power behind them. Explore the purchasing power of buying groups and learn how joining forces with others can enhance your rebate capabilities.
GAAP and IFRS Standards You Need to Know to Manage Your Rebates | Enable
In this blog, we’ll delve into GAAP and IFRS standards, exploring the essential elements you need to know to manage your rebates with precision and expertise. In this blog, we delve into GAAP and IFRS standards, exploring the essential elements you need to know to manage your rebates with precision and expertise.
10 Disadvantages of Using Spreadsheets for Rebate Accounting | Enable
Continued reliance on Excel can cause limitations to your rebate revenue potential. Explore 10 disadvantages of using spreadsheets for rebate accounting. Understand the many disadvantages of using spreadsheets for rebate accounting and why automated rebate management is a better option.