Rebate management and B2B collaboration blog - Enable

In case you didn’t notice — we recently introduced our help center, an online knowledge base that provides users with easy to follow how-to articles, guides and tutorials!

Having a knowledge base nowadays has become absolutely essential for any business, especially with the emergence of software as a service (SaaS). One of the main reasons why customers stop using a product is because they find it too hard to use or they don’t receive the right support. And to top that off, customers nowadays expect immediate self-service support.

Who the help center is designed for

One of the main benefits of having a knowledge base is its 24/7 availability. DealTrack users can access information when they need it, from any device. You won’t have to wait until the morning to contact the Client Services team to solve a problem which could be fixed with two clicks.

The help center teaches you how to easily set up and manage DealTrack, find information regarding updates to the product, and much more. In short, if you want to set up DealTrack, fix a problem or are just curious and want to learn more about managing your trading agreements and rebate earnings with DealTrack, the knowledge base articles are an excellent place to start.

Whatever industry you are involved in, forecasting the potential earnings for your business is essential in preparing for the ups and downs of the year ahead. But how do you make decisions about your budget, such as how many employees you can afford to hire or how much you can spend on marketing if you don’t know how much revenue and profit you’ll be generating?

Accurate forecasting and accurate accruals are vital to success within your business to ensure that you are aware of what the future is likely to hold so that you can appropriately allocate resources to assist in key areas. For many businesses, forecasting is not a focus and even for those that make a point to forecast their future, various challenges can limit the accuracy and benefit of these forecasts.

With this in mind, let’s dive in to the four common challenges of forecasting rebates.

Rebate forecasting challenges

1. Many in-house forecasts are too basic.
2. Renegotiating the best deals in the future.
3. Forecasting is too manual.
4. Forecasts are not updated throughout the deal.

Challenge #1: Many in-house forecasts are too basic

Often, in-house systems forecast earnings or payments by a simple linear extrapolation based on qualifying spend for a particular deal to date until the end of the deal.