Processing invoices for rebates: To do or not to do, that is the question
Summary
However, with a dedicated rebate management system this concern around claim success rate, which is brought about by poor legacy processes, will vanish. With a signed agreement stored in an auditable fashion, there can be no dispute over what is owed, and you possess all the information required to corner and challenge your supplier. While some may see this as dishonourable practice, the truth remains, you are spending more resources and time to reduce the possibility of earning a greater amount of profit. This disconnect allows error to creep in and adds friction to the accounting process making reconciliation of invoices to agreements a harder task for your finance team. It is not bound by the same rules and regulations a finance system is, it is dynamic and retrospective, months are not locked down like financial periods.
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