Rebates

A rebate is an amount of money that you get back after making payments for goods or services. When creating a rebate, you can define the rebate type, the rebate percent, and how often you apply for a rebate. After you have defined this information, you can create a set of qualifiers that must be met in order to receive the rebate.

A rebate type is used to categorize your rebates. When you create a rebate type, you can define a contract group and add a description for the rebate type. After you add the rebate type, multiple rebates can be assigned to it. For example, you can create a rebate type of Supplies that includes all supply-related rebates. You can create another rebate type of Administration that includes all administration-related rebates.

A rebate can be manually added to a contract, or added through the interview process if a question's response type is set to Rebate. After a rebate is added, it can be applied to an entire contract, to specific items, or to a category of items within a contract.

A rebate can also be linked to a parent contract where all attached contracts qualify for the rebate. Rebate information can then be defined, tracked, and used for reporting purposes. For example, when invoices are processed in Payables, information for the rebate is available.

Assigning rebates to contracts

When you assign a rebate to a contract, you can receive money back after making payments for goods and services. When you assign a rebate, you can define the percent of the rebate and the frequency with which it is applied.

After you define this information, you create a set of qualifiers that must be met in order to receive the rebate. When you create a qualifier, you must define the purchase type. Purchase types are total or targeted. In addition, you decide what the rebate is based on: the purchase percent or purchase amount, or for targeted purchases, a date range within which the purchases must be made.

You identify rebate payment information and update rebate due dates. When updating a due date, you specify the expected rebate amount for a date and track the received amounts against the remaining amounts.

Before you assign a rebate to a contract, the contract must have an expiration date.