Rebate management software creates and manages rebate programs for suppliers and business partners. A rebate is a form of incentive a supplier or manufacturer offers to its customers (retailers, wholesalers, etc.) when purchasing a minimum amount of products or reaching a specific purchasing target. Rebate management software helps track sales and purchases, calculate rebates, manage rebate payout, and record rebate agreements.
Rebate management software is usually deployed as a standalone product but can be integrated with CRM software or ERP systems. It feeds on enterprise systems for customer data sources and is designed to automate the manual, repetitive tasks in the rebate workflow. Some rebate management software products offer fraud detection and automated invoicing capabilities as additional features.
To qualify for inclusion in the Rebate Management category, a product must:
Create, implement, and scale rebate programs for suppliers and customers
Calculate rebates, and record and match each purchase or sale against the rebate agreement
Analyze rebate programs and measure program effectiveness in real time
Offers features such as automated payment processing for rebate payout
Have in-built real-time reporting tools