Extracting hidden value from procurement processes
Rebates are bonuses or kickback-fees: amounts that suppliers pay out afterwards when certain conditions are met. More and more suppliers are opting for these, as they do not have to give discounts directly, but can pay out a bonus afterwards based on realised purchases. We call the process of registering, monitoring and eventually collecting these rebates Rebate Management. By automating this process, you ensure a more efficient way of working and maximum grip on savings. In the video below, we explain how to apply this effectively in practice.
