Rebates

The Rebates capability helps you create and manage customer-specific agreements for all off-invoice conditions and enables you to calculate and simulate rebates.

Ember → React: Our Quoting, Agreements and Promotions, and Rebates capabilities have been upgraded to a newer version, making them easier to use, and better connected with the rest of the Pricefx application.

Typical Business Scenarios

• Centrally define Rebate Types that will be used locally.

• Make a forecast on paid out rebates based on previous performance.

• Approve and manage customer-specific bonus and rebate agreements.

• Calculate bonuses and rebates based on the actual performance.

• Create rebate records which will be sent to other systems, e.g., for payouts.

Rebates offer the following key functionalities:

• Rebate agreement types: to create and maintain the rebates, the first step is to define the agreement type. You can have as many rebate agreement types as you need for your business purposes.

• Condition types: represent the different ways of rebate agreement calculations and are necessary for each rebate type. Condition types will vary due to goals, rebate criteria, and rebate calculation behavior.

• Rebate agreements

• Rebate templates: a mechanism allowing you to mass-create many Rebate Agreements at the same time.

• Calculations: configuration logic that will set up price calculations and call data from different sources, including master data and pricing parameters. each condition type has an associated calculation logic.

• Rebate records: approved and calculated records ready for the payout process.

• Payout records: when the rebate calculations are completed and submitted, the payouts are generated and you can see those payout records in Pricefx. These are the records transferred to your ERP (accounting) system.

 

You can also watch a video introducing Rebates and their usage.