Accurate, flexible and powerful rebate programs. Put more money in your members’ pockets.
Rebate programs lay at the very core of your buying group. They define what you do, making it mission critical your programs are run well, run accurately and run reliably. This is one service you need to get right, every time. Using after-the-fact supplier purchase reports leaves rebate dollars on the table, and that’s no way to show members your true value.
LBMX’s Rebate Management application gives your group the accuracy, flexibility and power to design and manage rebate programs proactively with reliable business insights. Based on real-time invoice data – not speculation – our application ensures you can seize every rebate opportunity and put more money in your members’ pockets.
From tracking rebate program performance to calculating member payouts and generating member statements, this is an end-to-end rebate solution designed with the unique needs of purchasing groups in mind.
Transition to Real Time Data at Your Pace
LBMX calculates rebates using real-time data from EDI-driven invoices, but we work with you to transition at your pace. Initially you will continue to use your current supplier reports, but they will be supplemented with our brilliant high value analytics ensuring your members and board have the information they need. In time you will move to real time data, gaining more value and advantage as more suppliers send your group electronic invoices. Moving to real time reporting will help eliminate rebate loss and provide you with accurate revenue projections at the group and member level. The result is LBMX’s Rebate Management will put more money in your members’ pockets.
Accurate to the penny.
- Calculate rebates earned to the penny in real-time using actual invoice data
- Verify and reconcile supplier payments with the actual invoices associated with each rebate
- Know when to make that extra push to hit a plateau
- Break down rebate programs to the category or item level so your group can negotiate better rebate programs
- Determine the true net cost (or net-net cost) of items after all rebates
Capture any rebate opportunity imaginable.
- Create simple or complex rebate programs and go beyond the ‘flat rate’
- Design programs at the category/line levels
- Generate customized analytics quickly and easily with a drag-and-drop report design feature
- Share rebate information across applications
- Issue member rebate statements showing either invoice detail or summary information
You're in control.
- A complete rebate management tool to design customized programs, track their progress, calculate rebates, and issue member payouts and statements.
- Quickly generate robust strategic reports with complete details on your programs and member performance.
- Protect sensitive and confidential financial information with security settings that let you control who sees specific functions or reports.
- Meet the business requirements of all participants in the supply chain without wondering, “Can our accounting system track this?”
- Better manage cash flows and set up payout schedules different from supplier rebate receivable schedules.