Revenue Groups
If a customer signs a contract with a 3.50% fee rate based on gross spend, what section of the revenue report would they be reported under?
Fee
What is the total revenue for the month of August?
$5.495 Million
What is the difference between Allowances & Revenue?
Allowance - Total of all rebates earned based on gross sales.
Revenue - Net earned after fees and other offsets taken into account.
Which grouping of customers generated the most revenue in August?
Rebate - $3.5 Million
What is the YTD Allowance Rate for New NonFee Customers?
4.91%
What's the difference between Accounting Period & Spend Period?
AP- When spend/revenue is recorded/reported
SP - Related to actual transaction date between supplier and customer
Why do we split New vs Existing Fee Customers?
New customers show a lower rebate rate while they are ramping up and causing a skewed view of the overall effective rate of retained customers. Additional, this breakout shows a clearer picture to Executives regarding how new sales are ramping up compared to budget.
What is the YTD August Aramark Revenue?
$0
What does the Due to Customer column represent?
The total amount due to the customers. Due to Customers represents total allowances earned less any fees for Fee customers, plus bonuses. For rebate customers this would be total of incentives and bonuses due to customers.
What revenue group would you do a true-up for?
All: All Founder and Fee customer receive true-ups, and there are incentive customers in the Non Fee group that also receive true-ups.
What was the incremental spend pick up for Rebate customers for February reported in August?
$257K
What is carryover?
Spend related to prior fiscal years, reported by the supplier during the current fiscal year. This is often offset by an accrual from prior years, and could result in a pick-up (under accrual) or reversal (over accrual). Additionally this can be related to missed customer spend identified through various Avendra processes.
Who are the 5 original founders?
Marriott, Hyatt, Fairmont (Accor), ClubCorp and IHG