Defining a supplier rebate agreement 

The supplier rebate agreement type is defined from 'Supplier Rebate Agreement - Type. Open' (PPS472).

The supplier rebate agreement number is automatically generated.

Valid from/valid to date

Specify the validity date of the supplier rebate agreement.

Agreement status

Specify the status of the supplier rebate agreement.

The initial status of newly created agreements is 10-'Preliminary'.

When the agreement is approved within the organization, the status is set to 20-'Internally approved'. At this status, the supplier rebate agreement is not yet valid to accrue rebates.

When the agreement is approved by the supplying party, the status is set to 30-'Externally confirmed'. At this status, the agreement is still not valid to accrue rebates.

A supplier rebate agreement is valid when the status is set to 40-' Active'.

It is deemed invalid for accrual and existing transactions are put on hold when the status is set to 70-'On Hold'.

When the agreement is fully settled, or when the specified valid-to-date has expired, you can set the status to 90-'Finished'. At this status, the agreement is no longer valid to accrue rebates. It is mandatory to specify the status of the agreement. Only status 10 is allowed upon agreement creation, the status is subject to change as the creation is completed and the agreement number has been saved.

Note: Deletion of a supplier rebate agreement is not permitted when the status is higher than 30 or if the status is set to 99. Deletion is also not permitted if the supplier rebate agreement is connected to a selection matrix.

Supplier rebate claiming division

Select the division where the supplier rebate claim is raised.

Supplier rebate agreement group

Select the group to where the supplier rebate agreement belongs.

Hold settlement

Select this option to put the settlements for the agreement on hold in (PPS475/E).

Generating unit

Select the unit of the generating value in the agreement. This value is used to retrieve the rebate rate from the scale.

Paying unit

Select the unit of the paying amount in the agreement. The paying amount is used to multiply with the rebate rate to get the rebate amount.

Currency and exchange rate type

Select the currency exchange rate to follow. Regardless of the local currency, all purchase orders are converted to the agreement’s currency. You must specify the exchange rate type to convert PO currency to the agreement’s currency.

Period type

Select the period type to use. This field value is defined in ‘Company. Connect Division’ (MNS100).

Settlement frequency

Select the number of periods between each settlement.

Payee

Specify the name of the supplier or another legal entity for rebate claim settlement.