Customer Rebates in Multiple Currencies

Description

iDynamics Rebates allows customer rebates to be managed in multiple currencies, supporting organizations that sell to different countries or monetary zones.
The currency used to generate and settle rebates is inherited from the originating sales document and can be configured through rates and targets.
This provides a flexible system in which rebates are calculated in the corresponding foreign currency, while accruals are posted in local currency (LCY) for full traceability.

Currency in Rates

When a direct rebate is generated from a sales document, the currency of the sales document is used.
The resulting direct rebate entry stores this same currency, and the settlement document later inherits it as well.
This ensures that the full lifecycle—generation and settlement—occurs in the correct foreign currency.

Rebate rate

Note

In rates that include a rebate amount per unit, the Rebate/Unit Currency Code field must be considered. This field defines the currency used for the per‑unit rebate amount and also acts as a filter. If left blank, the local currency is used.
This allows a rate to have variants per currency or, alternatively, to use settlement groups to segment rebate management by currency.

Currency in Customer Targets

Customer targets can also be configured to operate in a specific currency.
The Currency Code field defines the currency used to filter sales and perform target calculations.

Behavior:

  • Rebates generated from targets are created in the target’s specified currency.
  • Accruals remain in local currency, but the accrual posting page displays both local and foreign currency amounts for better control.
  • If filters or currency settings are changed, values are refreshed when statistics are regenerated.

Customer target

Multi‑currency Settlements

When a rebate is settled, the settlement document inherits the currency of the rebate entry.

  • If the customer operates in multiple currencies, each settlement group may be configured to handle payments separately.
  • The system honors the exchange rate at the time related postings are created (when applicable).

Reports and summaries allow analysis in both local currency and the rebate entry currency.

Rebate entry settled

Exchange Rates and Tracking

When rebates are paid in a currency different from the local one, exchange‑rate differences affect the final LCY amount.

For example:

  • A sale recorded in GBP with a 10% rebate → £100 rebate.
  • At the posting date, £1 = $1.22 → LCY amount is $122.
  • If settlement occurs later with a different exchange rate, the final amount changes.

The system tracks these differences and allows them to be analyzed through reports.

Summary

With multi‑currency configuration available for rates and targets, iDynamics Rebates enables:

  • Generating rebates in the customer’s natural currency or the currency defined by the rate/target.
  • Posting accruals in local currency while maintaining multi‑currency visibility.
  • Settling rebates in the same currency in which they were generated.
  • Managing scenarios with multiple rates, targets, and settlement groups per currency.
  • Analyzing and monitoring exchange‑rate differences.

This ensures comprehensive coverage of international sales scenarios with multi‑currency rebate policies.