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SoftwareMedia Blog | July 24, 2014

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How To Choose The Best Rebate Management Software

How To Choose The Best Rebate Management Software

Running your own business takes up enough time and energy as it is without you having to worry about handling all of the rebates you get from your customers. Rather than dealing with the frustration of calculating and tracking all of your customer rebates, both you and your nerves will be much better off with the right software. If you’ve never used rebate management software, it can be more than a little confusing trying to figure out which one is best for you and your business. Before you start shopping, keep in mind these few factors.

What Rebate Management Software Can Do

Rebate management software is a type of big data software that provides sales reps with unprecedented insights into their customer buying tendencies. From the invoice to beyond, every step of the process is recorded and noted in a ledger and price schedule, all in real time. You won’t have to worry about losing track of the status of a customer’s rebate, and you’ll be able to save paper as well if you’re trying to be environmentally friendly. Any errors on your invoice with pricing can throw off your calculations and has the potential for you to not only lose hours trying to rectify the situation, but could also cost you business. Rebate management and quoting software can vary greatly, so you’ll want to make sure that you choose one that can offer you adequate and fast support when you need it and can quickly adjust to and implement any new updates and information that is released.

Features of Rebate Management Software

Some software features that you might be interested in include an Internet-based application that allows you to complete, submit and track all of your rebates on the web, a workflow that you can personalize so that you can track the rebates from creation to final payment and a software program that you can design yourself in order to fulfill all of the requirements of your particular rebate program.

Some software programs can simplify the discount management process to an automated one and let you route your promotional program and ensure that each rebate is correct. You might want to choose a software program that sends a reminder to you and your customers to let you know whenever a rebate deadline is coming up.

Customizable Software

Some rebate management programs allow you to create customized roles in order to help manage authorization for different responsibilities and levels for users if there will be more than one person tending to customer rebates. These customized roles can be altered as well as the employees who are allowed to route the rebate through the workflow. Other customizable features that you might be interested in include fields that can be given range validation parameters in order to make sure that the data is corrected before it is finally submitted and allowing other users of the software to save the rebate and complete it later if necessary.

Dorian Travers is a writer and blogger and likes to keep her readers informed on subjects where life meets business.

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