We’re constantly measuring things in our personal lives —and in our working lives. We’re told our goals must be SMART: specific, measurable, achievable, relevant, time-bound.

But finance teams will be the first to tell you that they don’t always measure rebates. And if they do, they might not be measuring them accurately. If you’re not in finance, that might surprise you. If you are, or if you deal with rebates regularly, you know how time-consuming a process it can be to calculate all your rebates out. And plenty of tensions arise between trading partners because of disparate calculations.

So, let’s talk about why it’s so important to accurately calculate rebates quickly and efficiently while being able to see key indicators about your rebate programs at a glance.