What Vistex is?
Vistex is an SAP Solution Extension Partner with a longstanding and unique strategic development relationship with SAP. Not only are our products tested, validated, licensed and supported by SAP, Vistex Solutions for SAP also leverage the core SAP environment to maximize our customers’ ERP investment. The Vistex team brings an unparalleled depth of expertise and best practice experience into every business process deployed, in every industry served. Find out how Vistex can enable your business to manage your Go-to-Market solutions more efficiently, while driving revenue and controlling costs.
What are chargebacks in Vistex
We build it for your to put your system in work
A Chargeback is an amount claimed by a distributor from a manufacturer or vendor for the difference between their initial acquisition price and the actual agreed upon price for products/services sold to a specific end customer or partner.
What Vistex does for your cmpany?
Build your own layouts
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Vistex reduced month-end processing by 70% within the first quarter of implementation for a leading global interactive entertainment software company
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A large soft drink company reduced end-to-end contract processing time by 80%
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Over 9,000 vendor contracts managed through Vistex with over $2.6M in chargebacks processed/month
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Vistex software solutions are translated into 8 languages
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The world’s largest pharmaceutical distributor processes 1.8M sales order lines daily, most of which are used in chargeback claims and rebates processes by Vistex
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A leading world food company pays over 7,000 reps through a variety of commission plans
The purpose of Chargebacks
We will put it to work best for you.
Consumer product manufacturers engage in contracts with distributors to offer special or discounted pricing to specific end customers or end customer groups (retailers, operators). This special pricing creates bigger market share, product recognition and customer loyalty for both the manufacturer and the distributer.
Since distributors do not normally procure special stock or inventory for specific end customers and because they must provide documented proof to the manufacturer that they actually sold the product to an end customer that qualified for the discount, the distributor ends up selling the product at or below their normal acquisition price and in turn must then file a claim with the manufacturer to recoup the money for the difference.
The Chargeback application enables distributors to execute their claim process efficiently and comprehensively.
Benifits
The Core benefits of Chargebacks
The IP module provides distributors with tools required to administer, track and reconcile the claims filed with the manufacturers. Efficient management of Chargeback claims has the following benefits:Reduces Dispute handling costs for Chargeback’s.Reduces Days-Chargeback-Outstanding.Increases cash flow.Reduces manual effort and number of adjustments.Helps the senior executives to concentrate on reaching business goals rather than expend their time on cumbersome processes.