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August 16th, 2022 (Updated 08/29/2022) | 9 min. read

Ken Edwards & Jochen Schmidt
Marketing Specialist & Manager of Solution Strategy EMEA at Pricefx

The 6 Best Rebate Management Software in 2022 

What business or customer does not love a rebate, promotion, or discount? For sure you do, and your customers do too. But do you always want or need to offer your clients a discount if taste for your products develops, or suddenly, find yourself as the only guys in the country who still have supply of your products? Sure, you want to drop the rebates, discounts and on-going promotions and begin to value-price, but how to choose the best technology for your company’s unique business requirements? That’s why we’ve put together this comprehensive list of the best rebate management software out there today. 

At Pricefx, we have spent the better part of a decade in the business of providing rebate management software to enterprise-level businesses like yours as part of a total pricing solution. So, with that expertise in rebate management and its role in pricing in general, we look forward to providing you with a ‘best-of-the-rest’ review list of rebate management software vendors currently out there today.  

Let’s dive straight in and list out the 6 best rebate management software options for you to consider (other than Pricefx of course). But if you’d like to simply know the rebate management software features that Pricefx has to offer, simply scroll down below and check out the section, ‘Why is Pricefx Writing About Its Rebate Management Competitors?’ 

Reviewed: The 6 Best Rebate Management Software in 2022

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Check out the table above and below for more detailed descriptions of the top 6 rebate management software vendors that are designed for larger, enterprise businesses (although some of the tools may also suit smaller national and regional companies). 

Note, many of the vendors do not list their prices on their website, however, the majority may arrange a free demo (upon request) to learn how their tool can help you and identify the use case for your company and arrange a quote for you from there. 

Please note that the reviews in this article are based upon publicly available information gathered from open-source reviews, rankings, and testimonials from leading software comparison sites, G2, Gartner, and others. 

We recommend that you undertake your own additional research in combination with the information supplied below to reach your own decision on the rebate management software that is right for you. 

Please also note that any other company trademark is owned by those companies and not by Pricefx. Nothing in this article is intended to suggest any affiliation with or sponsorship by companies other than Pricefx. 

1. Vistex Rebate Management 

Price: N/A – Pricing information can be obtained directly from Vistex. 

Description: Vistex helps customers in identifying, computing and settling all types of incentives, rebates, paybacks and chargebacks and has the same look and feel as SAP, however with a wider scope of functionality. It can be applied for managing complex purchasing / sales rebates in addition to complex commission programs. 

Functionality:  

  • Sales Rebate Management 
  • Purchasing Rebate Management 
  • Volume Rebate Management 
  • Growth Rebate Management 
  • Sales Compensation 
  • Accruals Management 
  • Claims Management  
  • Sales Forecasting 
  • Identify opportunities for larger incentives 

Unique value: Vistex solutions run inside or alongside SAP Business Suite and SAP S/4HANA for rebates and other needs, however, offers functionality beyond standard SAP. 

2. PROS Rebate Management Solution (Powered by Enable) 

Price: N/A – Pricing information can be obtained directly from PROS 

Description: PROS Rebate Management (powered by Enable) combines CPQ capabilities with a rebate management platform. It is an end-to-end omnichannel pricing and selling platform that removes complexities and friction, to provide pricing and selling teams with insights into the deals and how to apply incentives to ensure the most profitable sale.  

Rebate calculations, analyses, overrides and approvals are provided centrally allowing all parties to gain an understanding of the deal structure and to avoid any disputes on the rebates claimed. 

Functionality:  

  • Omnichannel pricing & CPQ capabilities within the rebate management platform 
  • Rebate Agreement Management 
  • Automated Workflow Approvals 
  • Incentives Management 
  • Dynamically calculate margins with and without rebates 

Unique value: Empowers pricing teams with automated workflows ensuring accurate and timely accruals with full visibility. 

3. Vendavo Rebate & Channel Manager 

Price: N/A – Pricing information can be obtained directly from Vendavo 

Description: Vendavo’s rebate management system sets up the entire rebate and channel process to minimize manual work and accidental errors. From creating deals to accruals to payment generation and end-to-end reporting, Vendavo’s Rebate & Channel Manager allows teams to analyze and track deals across products, customers, and regions to assess the potency of each rebate, and manage rebates accurately where even miniscule miscalculations can erode margins. 

Functionality:  

  • Automated Rebate Processes 
  • Analyze Ongoing Rebates 
  • Automated Workflow Approvals 
  • Channel Connect Integration 
  • Audit Trail Checks 
  • E-signing of documentation 

Unique value: Customer and end-user portals enable information sharing of deals and agreements with partners with easy connect services across business channels.

4. Zilliant Rebate Management

Price: N/A – Pricing information can be obtained directly from Zilliant. 

Description: End-to-end solution simplifies and optimizes rebate management for pricing, finance, accounting, and sales functions. Zilliant Rebate Management allows users to drive simplified revenue and volume by taking the rebate management process out of manual tools and into their Price Manager software solution. 

Functionality:  

  • List Price Management (includes rebates in an integrated approach) 
  • Deal Manager – Maintaining & Managing Rebates 
  • Campaign Management – Communicating to sales teams of accounts close to meeting rebate targets. 

Unique value: Rebate Management system supported by quality data science and scientists. Zilliant has been extremely well-known for 2 decades across the pricing software industry for its expertise built around the strength of its data science.

5. SAP Rebate Management

Price: N/A Pricing information can be obtained directly from SAP. 

Description: Regardless if you are using SAP ECC or SAP S/4 HANA, the rebate and settlement management system allows for rebate processing, condition contracts, accrual processing, settlement management, reporting, and mass processing. 

Functionality:  

  • Define, monitor, and modify purchasing rebate agreements based on supplier, product, and business volume from multiple sources, including supplier invoices or goods receipts. 
  • Accelerate and simplify the rebate settlement process by using transactional data to calculate accurate rebate amounts. 
  • Expedite the processing of validated rebate agreements through accurate and transparent auditing of rebate accruals. 
  • Allocating rebates to purchases for genuine cost determinations. 

Unique value: Transparent validation and processing rebate agreements facilitating automatic reporting on your customer’s performance.

6. Salesforce Rebate Management

Price: N/A Pricing information can be obtained directly from Salesforce. 

Description: Salesforce Rebate Management allows businesses to create and scale incentive programs while also maintaining channel partners. Sales teams can identify cross-sell opportunities and see their accounts’ incentive attainment, plus a comprehensive view of account activity, historical payouts, attainment progress, and account activity, all within the Salesforce CRM.  

Functionality:  

  • Automated & Customized Rebate Management 
  • Influence channel purchasing behavior and market share 
  • Analyze Ongoing Rebates for those that are yielding the best results and invest in those programs 
  • Automated Workflow Approvals 
  • Eliminate incentive overpayments 
  • Effective accrual calculation and payouts 

Unique value:  

Salesforce Rebate Management is suitable as a flexible rebate management tool for users regardless of size or type, including mid-size and small businesses, enterprise-level business organizations, freelancers, nonprofits, and government. 

Why is Pricefx Writing About Its Rebate Management Competitors? 

As a Rebates Management market-leader (one of the top-ranking pricing software on the Gartner Review Site with a score of 4.7 out of 5 and a similar high ranking of 4.4 of 5 with G2), we would like you to know from our position as an industry leading expert (i.e., straight from the expert horse’s mouth) about the Rebate Management choices that you are considering for your business.  

Pricefx began in 2011 when our founders discovered that on-premises traditional pricing software (including the management of rebates) left a lot to be desired. 

Even more than a decade ago, it was readily apparent that cloud-based rebate management systems would provide the kind of inherent flexibility and faster rebates, accruals and claims management than previously thought possible. 

With Pricefx, large-scale businesses like yours and medium and small organizations alike were looking for flexibility and processing times that matched their expectations. After all, providing rebates accurately and in a timely manner is critical to any business looking to stay engaged with their customers and not erode their trust. 

The Pricefx team were able to provide a quality rebate management as part of a holistic Pricefx pricing software system that can also be used alone.

 

It is an award-winning and easily CRM-integrated ‘one stoppricing shop’ encompassing price optimization and management, pricing analytics, sales compensation, and managing your agreements and promotions.

Pricefx’s rebate module defines, manages, simulates, calculates rebates, bonuses and on time and accurately. It can help set the foundation for you to accurately provide your customers with special off-invoice conditions by determining which parameters you need to set to create new and current rebate programs. The result is a tool that can be implemented quickly so that your focus can return to pricing strategy and optimization and making your organization more money and gain operational efficiencies ASAP. 

No more manual checking, double checking and manually cross-referencing the numbers on an Excel spreadsheet where a potential error could end up losing your company millions of dollars. With Pricefx’s rebate module, automating processes frees up pricing, finance, purchasing and commercial teams to increase productivity in other areas. 

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Learn More Here About How Bosch Thermotechnik Increased Rebate Efficiency with Pricefx 

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What is Your Enterprise Company’s Go-To Rebate Management Software? 

Outside of Pricefx, now you also know the next-best 6 Rebate Management Software Tools available on the marketplace today. Combined with an introduction to our award-winning pricing software and rebates functionality, you have a full range of the relevant information required to select the right software that best fits your company’s unique rebate management needs. 

If you’re on the lookout for a rebates management software solution that you can also assist in transforming your company with a total future-proofed price management, analytics, and real-AI-informed optimization solution, then the chances are that Pricefx is for you. 

To assist you in making that decision, looking over the direct differences/comparisons for yourself between Pricefx and some of the other pricing and rebate management software out there will be of great assistance to you; 

However, if you are ready to learn more about the benefits of a total pricing software package and select the right one for your company, this article below will be your natural next port of call; 

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On the other hand, if you’ve already examined all the rebate management options out there, and you’ve decided Pricefx is on your short list, you’ll want to talk to one of our pricing experts today to get started; 

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