Automated Rebate Computation Modelling

Abstract

Suppliers offer different types of rebates to customers, in order to sign multiple contracts with customers. Typically in financial services sector, there is no uniform rebate structure followed when offering these rebates. Suppliers may alter rebate terms, payment terms that provision how customers would be invoiced, for multiple contracts each week . In order to streamline the process, we propose the Automated Rebate Computation Model. Our model performs smart selection of contract and invoice features in order to automate rebate computation and validate the rebates signed with the invoice billed.