Market leaders in business improvement providing a rebate management solution ‘e-Bate’ that will save organisations vast amounts of time and money.

Added by Love Business East Midlands | 5 October 2015

UPDATED: 5 October 2015

If we told you that you could potentially save up to 30% on your rebates, would you like to know how?

Evolve are market leaders and innovators helping organisations deliver sustainable change. Managing rebates, for both suppliers and buyers across all industries, can be a timely and costly process, but with Evolve’s cloud based solution e-Bate, there is now a better solution.

Leanne Bonner-Cooke, MD at Evolve, explained,

“Our e-Bate platform was born from the needs of our customers’.  We had multiple clients contacting us to develop bespoke systems for them to manage their rebate process and make it more effective and auditable.  Each one of them needed fundamentally the same thing: a solution which was simple to use, but had the flexibility to deal with setting up complex rebate deals and accurately calculate the accruals and payments, providing them with workflow authorisation and a comprehensive audit trail.  Then using the valuable data from a single source to make proactive decisions in future negotiations.”

Before e-Bate, staggeringly, no such solution with the breadth of functionality pre-existed on the market and so Evolve created an ‘off the shelf ’, but configurable cloud solution, ‘e-Bate’.

Today, many companies have manual systems in place for managing their rebate process.  Of course, these do generally work, but are open to human error and extremely complex to create multi-tier calculations, including retrospective. They are often not effective as the decisions are not visible, virtually impossible to audit, and therefore difficult to offer evidence of your calculations should they come under scrutiny from your customers or auditors. 

In short: manual rebate systems present real risk to businesses buying or selling products and services across any industry.

Leanne revealed,
“On average manual rebate systems carry a 30% error rate.  To put that in context, if you process £3m of rebates, that’s a potential loss of £900,000.  Now, some businesses may be able to take that hit to their bottom-line (although I can’t imagine many want to!) but consider a small business with £10,000 of rebates - that’s a substantial £3,000 hit to them year after year.”

e-Bate has been developed to; setup up rebates and hold all of the associated contracts in a single location with automated approval workflow, configure many different and complex calculation types using multiple dimensions; including multi-tier, retrospective and non-retrospective as well as one offs.  It is fully scalable and can be integrated with your existing IT landscape and provides both commercial and finance teams with a clear view of their rebate position at any time. The availability of rebate data in a single source, allows businesses to effectively manage cash flow, and helps to drive better decision making; both from a sales and marketing or procurement perspective.

Until now, many rebate agreements have been based on trust, with little validation as to how the figures are reached.  Unfortunately, as you may suspect, many companies will only advise you when they’ve been underpaid.  Examples have been found where companies are losing over £100k per year from just ONE rebate deal, where they have overpaid and not been made aware! That cannot be sustainable for any business.

If you’re not certain if this may have an impact on you, can you afford not to find out?  Evolve have created an ROI calculator www.evolve-consultants.co.uk/roi/ to help you assess the impact, with a conservative 25% error rate factored in,  it’s got to be worth seeing for yourself.

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