Challenges with Traditional Approaches to Rebates & Growth Incentives Management:
In today’s fiercely competitive environment, the effective and timely management of rebate programs is critical. Designing and optimizing these programs is essential for several industries—drug manufacturers, consumer goods and retail to name just a few.
Managing these rebate programs, from initial contracting between partners through tracking and realizing revenue, can create several challenges such as:
- Poor visibility across all rebates agreements with each partner, leading to lost revenue
- Inability to effectively measure and analyze program performance
- Wasted staff time on manual tracking, management, and measurement
- Longer cycle times required to design and execute rebates programs using manual processes and disconnected systems.