(Source: www.bsdinsight.com)
Provides the ability to drive, manage and reconcile ongoing product promotion events with key retailers to ensure that spending generates appropriate sales, and manages rebates, charge backs and promotional
activities.
• Manages deals and promotions by customer and product groupings (buying groups, channels), and speeds up contract-based ordering
• Tracks costs associated with any individual promotion effectively by automating accounting for all trade-related claims and deductions
• Compares planned and actual trade spending against a preset budget to provide a strong management tool and control mechanism
• Validates claims, deductions and invoices against planned amounts
• Documents deal activity including retrospective deals such as lump sums, bill-backs, food shows, scan-based claims and/or merchandising
• Automatically verifies customer eligibility for a promotion, promotion effective dates, matches claims and verifies budget availability
• Automatically generates workflow e-mails and posts disputed amounts to a holding account for efficient
disposition (write-off, recharge) and maintains a complete audit trail with remarks
• Pays rebates, or retrospective discounts, and commissions, royalties and bonuses on a periodic (monthly/quarterly/annual) basis
• Automates the trade settlement process eliminates wasteful and error prone paper forms and documents
• Tracks and monitors promotional spend separately from operating expenses and helps comply with separation of duties by managing write-offs or invoice discrepancies in a two-step process
