Rebate management module
The Rebate management module is used to build contracts, offers, or agreements between your company and your customers and vendors to make calculations easier. The Rebate management module keeps track of rebates and deductions in one location where all applicable users can quickly build, evaluate, and process them.
- Rebates - Returns a portion of a purchase price by a seller or a buyer, typically on purchasing a specific quantity or value of goods within a specific period. These returns, unlike deductions, are done after the entire invoice of the purchase amount.
- Deduction - compensation, consideration, or fee paid for a license or privilege to use intellectual property such as a brand, copyright, or patent or the usage of a natural resource like fishing, hunting, or mining. Deductions are usually computed as a percentage of revenue or profit from realized use. The more use, the greater the deduction realized.
- Royalties - Customer royalties are payments made by one party to the licensee or franchisee for the right to use the asset. Rebates, royalties, and deductions are all supported by the new rebates and deductions module.
The Rebate management module has a central rebate workbench which helps to streamline rebate processing. It also Integrates with the deduction workbench to let you process rebates as customer deductions.
The following elements allow Supply Chain Management to streamline the rebate process:
- Rebate workbench - The workbench lets you view and process all provisions, rebates, and write-off transactions in a central place, rather than requiring you to open each rebate program separately. From the rebate workbench, you can quickly access all provisions and rebate claims, and process or purge the transactions.
- Procurement category - This category, which has a payment type of Pay using accounts payable , is in the Rebate management posting profile. You can use this category to create the target vendor invoice journal.
- Rebate management details for sales and purchase order lines - These details enable you to view eligible rebates during the order entry process.
- Deduction workbench enhancements - This feature adds support for short payment scenarios by enabling users to transform rebates into a deduction.
See Rebate management module overview to learn more about the Rebate management module.