Manually managing rebates in the automotive industry can be long and error-prone; especially when you have numerous different deals, conditions, and buyers to manage!
All of this rebate management can easily add up to days, even weeks worth of work each month, for some, it is a full time job!
So, how can an automated B2B rebate management software, such as e-bate, assist your rebate management?
1. Automated Customisable Contracts
As an automotive manufacturer, you may find a new dealership that would like a rebate deal.
After careful negotiation, both parties agree to a rebate deal; good work!
However, now the time-consuming process of writing up contracts, paperwork, and any other filing has come.
Not with e-bate!
With rebate management software packages, such as e-bate, rebate contracts can be automatically generated.
Now, this may sound like a drawback, robotic wording, and generic-looking contracts.
However, e-bate’s contracts are customisable, allowing you to change colours, add logos, and further company-specific details.
As a result, you are able to send professional rebate deals easily and quickly!
2. Rebate Calculation Engine
Like the engines in your cars, the rebate calculation engine powers the most important feature of any rebate management software.
e-bate’s rebate calculation engine automatically calculates rebates owed to your customers , based on sales data.
This ability to automate sales data allows you to track, manage, and ensure rebates are paid accurately and promptly, ensuring your customer relationships stay sweet
This of course saves the long job of manually calculating rebates owed to customers, and removes the risk of error too
With sophisticated automation in your hands, you no longer need to manually monitor your rebates using excel sheets, which are nearly always filled with calculations that are near impossible to make sense of, except the person in your organisation who created it…
Removing the noise from your analysis will make it easier to analyse data, and make the right decisions.
3. Easy-To-Customise Rebate Incentives
In order to drive sales higher; rebates can give dealerships added reason to sell more of your product.
Using a rebate management software such as e-bate, you can make rebate deals more lucrative with zero complexity.
Adding conditionals to your rebate offers is easy, as e-bate’s system allows you to add rules specifically for individual products or groups of products, depending on the deal you’ve agreed.
And since you don’t have to manually calculate rebates, you can make rebate deals as easy or complex as you like.
For example, if you want to offer a 6% rebate on your SUVs, but want to strive for higher sales, it is simple and easy to add a condition, that if a deal sells over a certain amount of SUVs, they are eligible for a higher rebate.
This ability to add specific conditions helps to incentivise higher sales from dealerships, without any additional calculation headaches for you, or your team.
We are only human. Much as we try, it is human nature to make mistakes – it is how we learn after all. But, the benefit of using computers and software solutions is the incredible level of accuracy it brings.
So, why risk errors in your rebates and accounting? Errors in any area of a business isn’t great, but when finance errors are made and your bottom line compromised, it is the most serious mistake you can make.
By allowing a rebate management solution such as e-bate to handle your rebate calculations, it will be quicker and far more accurate, while the people or team usually processing your rebates manually can spend time on value-added tasks that can benefit your business even further.
So here are just some reasons why e-bate is great for the management of automotive rebates. While there are many more, these are some of the main advantages of automating the rebate process.
Whether it be reducing errors, easily creating rebate deals, or saving time doing repetitive tasks, it’s sure to make a difference in your rebate processing!
For more information, get in touch today.