Everyone loves a deal and rebates can seem like a great deal. Suppliers reps are armed with promos filled with “rebate specials” which are hard to resist – which is exactly what they are counting on. They use rebate deals to get more of their product into your business and even better, they often never need to pay out that rebate money at all. According to industry experts, 52% of rebates go unclaimed every year!
On the surface, getting a rebate seems like a nice and needed incentive. In reality, though, the process is too complicated to pursue. After making your purchase you get busy with your business. You may remember that rebate on the next ordering cycle and remind yourself to make sure you cash in on it. The problem is, you just never get around to it, as you can’t set aside time to gather up all your invoices and match dates etc., to make sure you qualify for the rebate and then turn those documents around to the supplier to get your rebate.
Suppliers are counting on the fact that some of their customers are either forgetful or too busy and know that most businesses don’t have the tools or systems in place to keep track of their rebates. The net result is you overpaid for their product, in many instances bought more than you would normally which tied up your cash flow and you lost out on the rebate money.
Avoid Losing Out
AccountsFlow Rebate Calculator is an automated rebate management solution that takes care of this for you.
AccountsFlow Rebate Calculator allows you to easily setup a supplier with the % rebate. You can also select a product/line item and either allocates a % rebate or a $ amount. If you expand the supplier it will show the % by supplier and all the line item rebates. Then as soon as your supplier sends your E-Invoice, Rebate Calculator automatically compares the rebates you are eligible for, to the invoice, item by item, quantity by quantity, displaying this on an easy to navigate, intuitive dashboard. You can select whatever time periods or invoices you want to view and immediately see what rebates you are owed.
AccountsFlow Rebate Calculator allows you to get on with running your business, giving you complete peace of mind and ensuring that every penny is claimed!