Why an audit trail is beneficial for rebate accounting - Enable blog
Summary
But in an automated, paperless system, it captures transactional data and any changes, making the information more accurate, readily accessible, and usable, allowing you to stay on top of your rebate records and bring more accountability to your team.Well-managed audit trails are a good indicator that a company has its business under control. An audit trail with missing documents may be an indication that a company is not adhering to proper rebate accounting practices and could be losing out on valuable earnings. By consolidating all your data into a rebate management system with a full audit trail can avoid costly mistakes because you will have access to all the relevant information attached to an individual transaction. With clear, easy to verify financial records, auditors can spend less time and resources on your audit, reducing your expenses and freeing you to return to business as usual much more quickly. Because an audit trail can track how long and how frequently individual users access a trading agreement, it can be used to gain insight into which suppliers are most interested in a deal, enabling the company to be more strategic with its negotiations.
