vendor rebates

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Vendor Rebates. Alexa Dhillon PeopleSoft SRM Product Strategy Manager. Vendor Rebates. Allow customers to capture contractual rebate agreements with their suppliers, accrue rebate amounts and receive rebate payments Introduced in Release 8.9 Included in Purchasing Product. - PowerPoint PPT Presentation

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Page 1: Vendor Rebates
Page 2: Vendor Rebates

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Vendor RebatesAlexa DhillonPeopleSoft SRM Product Strategy Manager

Page 3: Vendor Rebates

Vendor Rebates

Allow customers to capture contractual rebate agreements with their suppliers, accrue rebate amounts

and receive rebate payments

• Introduced in Release 8.9• Included in Purchasing Product

$$$ Increases Customer Profits $$$

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Vendor Rebates

• Accurately Record and Track Vendor Rebates• Proactively Manage Claiming Rebate Amounts from

Suppliers• Effectively Utilize Rebates and Maximize Rebate Potential

Don’t need to commit to volume, as customers do to get contract or discount pricing

• Popular in Wholesale and Healthcare industries

Page 5: Vendor Rebates

Vendor RebatesIntegrated into the Procure-to-Pay Process

Page 6: Vendor Rebates

Vendor Rebates Accurately Record and Track Vendor Rebates

Rebate Agreement

Backdate Rebate Agreement

Accrued Rebate

Purchase Order

PO Receipt Voucher RTV

Page 7: Vendor Rebates

Vendor RebatesAutomatic Creation of Bill To Customer from Vendor

Use Bill To Customer for

Claiming Rebates through

Accounts Receivables

Page 8: Vendor Rebates

Vendor RebatesRebate Agreement

Page 9: Vendor Rebates

Vendor RebatesRebate Options

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Vendor RebatesRebate Rule Types

• Standard (Stepped)• Rebate factor percentage based on defined purchase

threshold levels during the rebate agreement life• Retrospective

• Same as Standard, except Reaching Higher Threshold Level Changes Rebate Percentage for all Purchases to Date

• Flat Amount• Growth Bonus

• Based on a Specified Increase in Item or Category Purchases• Marketing Contribution

• One-Time Rebate for the Life of the Rebate Agreement

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Vendor RebatesRebate Rules

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Vendor RebatesRebate Associated with PO

Rebate Automatically Defaults onto PO

Security controls whether buyer can view / edit Rebate ID

Page 13: Vendor Rebates

Vendor RebatesRebate Accruals and Backdating Rebate Agreements

• Rebate Accruals• Calculates accrued rebates for PO Receipts, Vouchers, and

RTVs against POs associated with the Rebate Agreement

• Backdate Rebate Agreements • Associate or Disassociate Rebate Agreement with purchase

order• Rebate accruals will be recalculated accordingly

Page 14: Vendor Rebates

Vendor RebatesProactively Manage Claiming Rebate Amounts from Suppliers

Incoming Payment

Rebate Claims

Rebate Manager

Notification

Claims Management Workbench

Formal Claim

Settlement Manager

Notification

AP Debit Memo

AP Notification

AR Pending Item

AR Payment Notification

Page 15: Vendor Rebates

Vendor Rebates Rebate Accrual and Claims Generation Processes

• Allows Rebate Managers to be Proactive in Claiming Rebate Amounts

• Provides Accurate Picture of Accrued Rebates

• Realize Rebate Savings

Page 16: Vendor Rebates

Vendor Rebates Claims Management Workbench

• Manage all Claim activities

• View Paid and Past Due Rebates

• Ensures Rebate Claims Collection

Result: Increased Revenue!

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Vendor RebatesClaims Generation

Be Proactive in Determining How Much Rebate Amount to Claim from Supplier

• Generate Claims based on Accrued Rebate Transactions• Claims generation date determined by Settlement

Frequency and the calculated Next Claims Generation Date defined on the Rebate Agreement

• Automatically runs Rebate Accrual process before generating claim to calculate most accurate claim amount

• Validates Rebate Agreement’s Maximum Rebate Amount

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Vendor Rebates Claims Management Workbench

• Review, approve, and generate a formal claim to send to the supplier

• Settle a claim• Reconcile incoming payments• Defer a claim to the next payment cycle• Create deductions or reverse deductions to

accommodate overdue payments from the supplier

Track what rebates have been paid and what is due from suppliers

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Vendor Rebates Effectively Utilize Rebates and Maximize Rebate Potential

Rebate Analysis Report

Rebate Analysis

Workbench

Rebate Allocation

Rebate Analysis

Extraction

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Vendor Rebates Rebate Allocation

Record accrued rebate allocations allocated to sales organizations

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Vendor Rebates Rebate Analysis Workbench

Uncover cost savings opportunities

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Vendor Rebates Rebate Analysis Workbench

• Analyze and inquire on Rebate Agreements• View or extract all accrued rebate details• View or print PO not Received inquiry• Determine additional purchases to achieve next

rebate threshold• Evaluate rebate transactions by Month, Quarter, or

Year

Page 23: Vendor Rebates