Key factors driving digital adoption of rebate management | Enable
Summary
With many offices now closed and employees working remotely from home, the initial phase of the pandemic proved chaotic as many had to quickly shift their processes to keep their businesses operating. It quickly became clear that the sheer volume of contracts demanded a rebate management tool that could help teams easily find, review, edit, and revise their agreements from remote locations. Identifying and tracking the changes made by different approvers while maintaining multiple versions greatly increases the chance for error, which can ultimately result in revenue losses for the business. There are several common rebate-related issues that can cause a loss of revenue for organizations such as the inability to track renewals or renegotiate deals, missing or delayed payments, and non-fulfilment of contract clauses. More advanced rebate management solutions like Enable can prevent these losses, according to a Gartner survey, 56% of CEOs say digital improvements have led to increased revenue.
