Wholesale Distribution SuiteApps

Updates on Volume Rebates

The Rebates and Trade Promotions SuiteApp version 2.3.0 includes the following enhancements:

• Ability to Set Any Rebate Tier as Default Tier for Linear Rebate Scheme

  Previously, when you add rebate tiers in the agreement details, the system automatically assigns the tier with the lowest range as the fixed default tier. Transaction with items that qualify for volume rebates reference the tiers when applying the corresponding rebates. Now, you can select any of the available tier ranges as your default tier when you create or edit a rebate agreement detail that uses a linear rebate scheme. Under the Default column of the Rebate Tier section, select Yes next to the tier value that you want to set as a default tier. See Adding Agreement Details.

  You can also set default tiers when importing rebate tier data into NetSuite using CSV. On the CSV file, enter True under the Default column for your preferred default tier level. See Importing Rebate Tiers Using a CSV File.

• Improved Recalculation Process for Volume Rebates

  When a rebate is applied is applied to an item, the recalculation process now updates the achieved rebate amount for an item based only on the rebate value of the associated rebate agreement. In succeeding transactions where a new tier is reached for the same item, the rebate tier value in the same agreement is applied. Previously, the system compared different agreements to find the best deal for the same items that reach limits in succeeding transactions.

  Additionally, the recalculation process now considers updates on the rebate tier information which can be applied to future transactions. Rebate tier information updates include changes in rebate tier range and rebate tier value. Note that transactions created prior to rebate tier changes and the new recalculation process still use their original rebate values. See Recalculation of Volume Rebates.

For more information, see Rebates and Trade Promotions starting June 11, 2024.