How to reduce revenue leakage with better rebate management | Enable blog
Summary
Missing or incorrect information may result in the business failing to follow up on collecting payments meaning a higher chance of revenue leakage. Instead, businesses who use a rebate management system can track due dates, and payments received to trigger appropriate courses of action. We’ve seen that complex trading agreements such as supplier rebates often involve incredibly complicated performance-based calculations with endless permutations and are subject to periodic review and change. There are a number of options your organisation can adopt to help you with management of rebate agreements and reduce the risk of revenue leakage, including: • Throw out spreadsheets and manual processes – If your business only deals with a relatively small number of complex trading agreements, this may be a viable option, but as the volume and complexity increases, the possibility for error and revenue leakage surges exponentially. Deferring this responsibility requires a huge leap of faith that could lead to miscalculations and disagreements, not to mention more revenue leakage.
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