Top 3 Most Effective Ways to Increase Rebate Processing ROI:
Perhaps you are a small business that processes rebates. And, maybe you advertise and manage your own rebate campaigns with the goal of boosting sales for your business. However, your business receives complaints from consumers regarding extended rebate processing periods, or even the complaint that consumer rebates fail to arrive. Does this sound familiar? It is actually quite common and you are not alone.
The rebate management and rebate fulfillment process is a sensitive operation with many moving parts that have the ability to impact a company’s profitability and revenue generation entirely. That said, the most common way to receive an increased return on investment (ROI) is to reduce the cost of rebate fulfillment processing all together. In order to achieve a substantial cost-savings when processing rebates, a business needs to utilize the most up-to-date technology and work to streamline the rebate fulfillment process entirely. For a small business to continually use cutting-edge technology in the rebate fulfillment process would mean that company would be required to reinvest processing revenue back into enhancing the rebate fulfillment process for an unforeseen amount of time. This seems unlikely and unrealistic for many small businesses to accomplish.
That’s where outsourcing comes in. When considering what business to do business with, it should matter how they do business. It is important to consider choosing to partner with an organization that is committed to bettering the U.S. economy, helping to employ those who are unemployed, and providing reliable quality services. There are many companies providing rebate fulfillment outsourcing services to U.S. companies who are also located in the U.S.
Outsourcing rebate fulfillment processing greatly improves the quality and speed at which rebates are processed. Outsourcing rebate fulfillment also offers the following benefits:
- Streamlined Rebate Processing – a professional rebate fulfillment management company has the capacity and expertise for implementing and streamlining a full-service rebate management process successfully and quickly. The rebate fulfillment process combines multiple levels of scanning, generating and issuing checks, and partial or full online processing with automated rebate optimizer software. If this process is completed in-house, this can be a tough burden on management time and process control, resulting in poor accuracy and quality, as well as slower processing of rebates.
- Data Collection and Reporting – outsourcing the rebate fulfillment process enables single-source database creation. This means that detailed analysis of new and existing rebate agreements are monitored and reported for profit analysis. Having easy and reliable access to a central database of this kind of information will very likely increase the speed of the decision-making process related to approvals for new rebate offers, etc.
- Accurate Pricing and Cost Forecasting – rebate fulfillment outsourcing businesses are experts in refining rebate processing programs. As such, perfecting and streamlining rebate processing is their optimum goal. Did you know processing a rebate form involves as much employee time as processing an invoice? Outsourcing can drastically reduce this administrative cost and frustration using their streamlined and perfected systems.
Significant cost optimization is possible as companies that carry out huge volumes of rebate processing already have the infrastructure in place and functioning, and the streamlined systems already established to be able to scale in processing for any rebate fulfillment requirements your business may have. Depending on the specific outsourcing solution, anticipated cost reduction can vary from between 20% to 40% or even more, depending on your business’ current rebate fulfillment situation.
Integration, Inc. is an industry-leading business process automation provider specializing in business process automation services, such as Electronic Data Interchange (EDI), check writing and check printing, rebate processing, barcode labels and third party billing to thousands of companies across the globe. As a primary business process automation outsourcing provider, Integration’s goal is to empower all its client’s to focus on their core areas of expertise, while leaving the business process automation services to our team of experts. This is accomplished by supplying excellent business process automation services that enhance your company’s ability to provide increased reliability and cost savings to your customers.
Integration enables your company’s success by providing a complete IT outsourcing solutions for business process automation. As a result, this allows your organization to respond rapidly to changing business environments, while meeting your customer’s needs consistently and in a more cost effective manner.