The claim-to-settlement lifecycle
How a rebate moves through ClaimDS end to end — from master data and agreements, through volume and accruals, to claims, reconciliation and settlement.
ClaimDS has a lot of moving parts, but they line up into one journey — a rebate going from a rule on paper to money that's been paid and recorded. Seeing that whole arc makes every individual screen make more sense.
1. Set the foundation
Everything references your master data, so it comes first — your counterparties and materials, and the lookup codes that classify them.
2. Define the deal
An agreement captures the commercial deal — its slabs or scales, eligible products, validity and eligibility criteria. This is the rule everything downstream is checked against.
3. Bring in the volume
Your business volume — the lines of your sales and purchase invoices — is the transaction data the rebate is earned on.
4. Earn the rebate
The calculation engine matches volume to agreements and posts accruals — the running amount owed — adjusting automatically as things change.
5. Claim and reconcile
A claim is raised or received, and reconciliation matches it, line by line, to the credit note that settles it.
6. Settle and record
Finally, a settlement turns the reconciled figures into a payout, produces the credit note or document, and books a factsheet — leaving a complete, auditable record.
Where to start
New to ClaimDS? Begin with getting started, which walks the same journey as hands-on steps.
Still stuck?
Book a demo and we'll walk through it on your own data — or just talk to us.