The Ship & Debit landscape is constantly changing with the rise of inflation, supply chain disruptions, and the COVID-19 pandemic. Inflation is making price negotiation a more challenging—and strategically critical—skill. While the pandemic has drastically affected the economy, from empty shelves to higher prices. Additionally supply chain disruptions continue to be a major challenge as the world economy recovers from the COVID-19 pandemic.
For many decades, inflation rates in much of the world remained low with little concern from supply-chain, and operations leaders. However, for the first time in nearly 40 years inflation is at an all-time high.
Source: Bureau of Labor Statistics as Reported in the New York Times
Why the Sudden Change in the Ship & Debit Landscape
And now due to the COVID-19 pandemic, inflation, and supply chain disruptions, businesses will experience more changes in the next five years than they have in the past 40 years.
In the past everything was much easier. Specific commodities having sharp price increases. These trends generally eased up before they could trigger broad-based price pressures across the entire economy.
However, now there is a big difference. Businesses today are planning and buying for their specific industries. Amongst the hardest inflationary environments in decades. When a vendor brings a price adjustment to a supplier, especially in this economic environment, the vendor may not have the right tools, capacity, or time to determine what rebate amount is warranted.
Rebates give businesses the ability to receive money back from a purchase after the sale is complete. Since prices are constantly fluctuating in this strange economic time, ship & debit agreements can face many obstacles, especially if processed manually.
SEE ALSO: Managing Ship and Debit Programs Requires Automation
How on earth could businesses deal with thousands of rebate claims each month? It would be tedious, labor-intensive, and error-prone. All it takes is one tiny, incorrect keystroke. The entire claims validation, payment calculation, and revenue management processes would be incorrect.
Additionally, if ship & debit programs are not handled properly, this can lead to distrust issues between the vendor and the supplier…ending with dissatisfied partnerships and potential issues for future business together.
Why risk these issues when you can automate your ship & debit process?
With a constant influx of price changes due to the economic times, having an automated ship & debit process for any business is a must.
By automating your ship & debit process, your business will be well on its way to removing many of the risks caused by human error. Eventually saving thousands of dollars and generating new opportunities and value for your business.
Let CMR Automate Your Ship & Debit Program
And with Computer Market Research’s automated ship & debit integrated web-based module, managing your entire business will be much easier. With a click of a button, you’ll easily be able to manage and track your indirect sales programs, POS transactions and show you exactly what you owe partners, as well as what you already paid them.
CMR’s module also includes:
- Built-In Audit Trail –Automatically audit every transaction and resolve disputes in real-time.
- Custom Program Building –Implement program goals and parameters that are exclusive to your business.
- Auto-Calculation –Compares clean POS data/SKUs to determine qualifying price adjustments.
- Auto-Validation –Instantly match calculated price adjustments against partner-submitted claims for 100% verification of reimbursement.
- Flexible Data Collection –Auto-import POS/inventory data directly from your ERP/CRM systems or partner feeds.
To summarize, your business can no longer afford to process ship & debit claims manually, especially since prices are constantly being adjusted due to inflation, supply chain disruptions, and the COVID-19 pandemic.
SEE ALSO: What is the Real Cost of Auditing Channel Partner Claims Manually?
Schedule an appointment today to demo our Automated Ship & Debit Management Module and learn how you can generate more business, build stronger relationships, and streamline your incentive programs.
Or, contact us at (702) 247-1120 or [email protected] if you have any questions.
