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.

Rebate Management in day-to-day business

A structured process in 5 steps

A structured Rebate Management process helps organisations get maximum value from rebate agreements. Follow these five essential steps to gain effective control of rebates and optimise savings:

Align: Establish clear rebate agreements with suppliers.
Purchasing: Ensure orders comply with these agreements.
Pay: Pay invoices on time to claim rebates.
Monitor: Keep accurate records of expenses and forecasts.
Receiving: Claim and receive agreed rebates.

By automating this process, you reduce manual actions, minimise errors and increase efficiency within the entire procurement process. This contributes to better financial control and more effective contract management.

More about Rebate Management

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