Deals and Billbacks
Deals management supports all currently used discount types, promotional allowances and payment terms. Maneuver your way through the often complicated process of establishing and reporting on weekly ad items so critical to the operation. Perform billback reconciliation and control your promotion dollars.
With Midax, you enter the deal terms. Midax then monitors all products coming into and going out of the stores to ensure you fulfill the terms of every deal:
- Billbacks
- Off-invoice allowances
- Quantity break discounts
- Ad requirements including their timeframes
…and whatever else a buyer requires. Armed with that, Midax also prompts the buyer to optimize the deals by over-ordering in deal periods and Midax also prompts the buyer to make sure you meet the precise qualifications to claim your promotional dollars. It’s your money. We help you get it back. It’s creation of value to your business.
At the same time, you need to monitor how many dollars have been earned, billed and paid. You know how much of the promotional funds have been reflected in the cost and how much is left over. This allows you to maximize the benefits from your vendors’ promotional moneys.
Midax records the detail of every deal with Midax also allows you to set up a budget of anticipated sales for automatic comparison to actual sales, so that you can monitor promotional contributions to customer discounts, track ad movement and identify source of funds.
With Midax, billbacks, scan-downs, accruals, and up-charges are simply managed better.
Fully in-Synch with the Data Warehouse core, the billing modules allow you access to the history of each and every deal for extended periods of time with the ability to use the Midax library of reports to access the data. Now you are in control of your profits.
