Acumens Vendor Rebates (NA)

 Agreement Management:   Users can create and manage detailed vendor rebate agreements with validity dates, currencies and qualifying criteria. Agreements can be tied to specific vendors, items or promotions.

 Multiple Rebate Programs:  Users can define multiple rebate programs such as volume/value-based rebates, tiered volume rebate and growth rebates and run them in parallel based on different qualifying criteria.

 Flexible Rebate Setup:   Users can set up vendor rebates flexibly by item or item category, by vendor or vendor category and even by resource or G/L account. Categories can be structured around different business drivers such as purchase volume, product type, strategic importance or region/market.

 Automated Rebate Processing and Accrual:   Vendor Rebates are automatically processed and accrued when the item is physically received (via Receipt) or returned (via Return Shipment).

Vendor Rebate accruals are automatically reversed or adjusted when the item is physically returned (via a Return Shipment posting).

The app automatically monitors purchase transactions against the targets defined in your agreements. This enables users to know exactly when rebate thresholds are met.

Vendor credit memos are created automatically, reducing manual effort and minimizing errors. Rebate accruals, claims, and reporting are fully automated for compliance and accuracy.

The option to manually generate and post vendor rebates is also available through a setup.

  Flexible Calculation Options:   Rebates can be calculated using various calculation methods and parameters which can be configured per unit, as a percentage or based on a tiered structure.

 Real-Time Financial Viability:   Rebate liabilities are reflected in real time in the General Ledger, improving financial visibility and forecasting.

 Rebate Processing Type:   Rebate can be either reduced from Inventory or accrual as expense. Selection is at Rebate Program Level.

• Inventory: It reduces Item Cost and hence, increase profitability when Item is sold
• Expense: It posts the Rebate amount to General Ledger using G/L Account via Purchase Journal. General Ledger will have information about Pay-To Vendor and Rebate Vendor No. So, Rebate Receivable Account can be adjusted periodically by the accounting department.

 Integration:   The add-ons are built into the Business Central environment, leveraging existing data and workflows within the ERP system.