|
In an era of heightened competition, manufacturers and suppliers often offer special pricing to customers. Such pricing while honored by the distributors, is often below their acquisition cost. The distributors recoups the difference between its acquisition cost and the negotiated sales price in the form of chargeback claims. A robust and flexible system to keep with the perpetually changing agreements and the related claims is pivotal. In several cases, a majority of the distributors' profit is tied up in the chargeback claim. In extremely competitive situations, this is often the only profit that is on the sale. Hence, it is imperative that the cycle time from the customer sale to recovery from the manufacturer is as short as possible. Distributors have come under increasing scrutiny for ineffective internal controls related to rebate payments. All financial postings originating from the IP Module are fully traceable to their source documents and every journal entry can be easily explained in full compliance with Sarbanes-Oxley regulations. We invite you to review the following information: Solution Brief- Quick overview of the solution highlighting the benefits and features. Solution-in-Detail – A comprehensive review of the chargeback life cycle management with the IP Module. |