Top 5 Rebate Management Challenges for CPG retailers

Rebate Management is a challenge for all CPG supply-chain stake holders.  These are the top 5 for Retailers using NetSuite:

 

Challenge #1: Rebates are managed in Excel spreadsheet outside NetSuite.    Rebates are time consuming to manage, and every supplier has a different format.

• Solution: Manage all your rebates inside NetSuite for better promotional planning across all categories and suppliers.

Challenge #2: We have no way to verify did we get all the rebates we earned?

• Solution: Know what  rebates you’ve earned, what you’ve claimed, what’s been paid, and how much is still outstanding.

Challenge #3: Documenting and claiming rebates is time consuming.

• Solution: iTPM simplifies the claim process, whether you invoice suppliers or short-pay their invoices.

Challenge #4: Rebates and trade allowances aren’t mapped back to the promotional activity or the item, so we don’t know true profitability by item by event.

• Solution: iTPM maps trade promotion back to the event and products to provide profitability insights including all rebates and allowances.

Challenge #5: Third-party Rebate Management solutions are expensive and difficult to implement,   taking up to a year to implement.

• Solution: iTPM is the ONLY  TPM solution built inside NetSuite.   Implementation, training and configuration takes 4 weeks or less!