Maximize your savings with smarter rebates and promotion management.

Challenges with Traditional Approaches to Rebates and Promotion Management:

In today’s fiercely competitive environment, the effective and timely management of rebate and promotion programs is critical. Designing and optimizing these programs is essential for several industries—from rebate management in drug manufacturing to holiday promotions for major retailers.

Managing these rebates and promotion programs, from initial contracting between partners all the way through to settlement, can create several challenges such as:

  • Poor visibility across all rebates and promotional agreements with each partner, leading to missed opportunities for better-negotiated pricing
  • Inability to effectively measure and analyze the rebates and promotion program performance
  • Wasted staff time on manual tracking, management, and measurement
  • Inability to track and manage complicated formulae and accrual calculations
  • Lost revenue and reduced margins due to poor tracking and underutilized promotional budgets.
  • Longer cycle times required to design and execute rebates and promotion programs using manual processes and disconnected systems.

Benefits of the ICI Rebates & Promotion App:

The ICI Rebates & Promotion application, built on top of the Icertis Contract Intelligence (ICI) platform, enables you to take a smart, holistic approach to your rebates and promotion programs. The application helps you streamline complex, non-standard rebate programs to gain better visibility across the process and improve business performance. With the help of this app, organizations can:

  • Centralize rebates and promotion program administration without losing the benefits of decentralized rebate contract execution
  • Reduces risk of manual errors and support complex formulae and accrual calculations
  • Improve visibility across the contract value chain between retailers and their suppliers
  • Track compliance on budgets, contracts, and payments
  • Accelerate processing and settlement, resulting in better cash flows
  • Negotiate better pricing and terms based on deep insights into past partner performance

Best Buy is leveraging the Icertis Contract Intelligence platform to accelerate its rebate and promotional contracting with key partners to drive efficiency and reduce risk across the organization.

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Learn how the Icertis Contract Intelligence Rebates and Promotion App is being used by Saint Gobain.