The reward reports show the current status per reward payment, where the primary purpose is to show how many of your customers actually use their vouchers.
Note: these reports are available to those who have an active reward points model.
Are your numbers not as good as you'd like them to be?
If the value is low, our recommendation is to implement activities that aim to increase the understanding of your customer's available rewards. This way, you increase the perceived value of the program.
In the report, you keep track of everything from the redemption rate, outstanding points, points to convert and the number of vouchers to convert into voucher value.
Reward liability report
This report is very useful for the finance department, as it shows the current voucher liability—which can be used as an accounting item. It presents the total voucher liability at each month-end. The calculation takes place at the end of the month and, until then, the report will not show the current month. Customer-unique runs are not possible on other dates.
Note that the reward liability report is only applicable for reward models through a tabled model.
| Metrics | Definition |
|---|---|
| Number of redeemed vouchers | Number of valid vouchers redeemed during the month. |
| Number of vouchers issued | Number of vouchers created during the month |
| Number of expired vouchers | Number of vouchers expired during the month |
| Number of points to convert | Number of points convertible to vouchers as of today, based on the lowest point level for conversion to voucher check. The calculation is based on your rewards model. |
| Redeemed vouchers in currency | Value of redeemed vouchers during the month |
| Expired vouchers in currency | Value of vouchers expired during the month |
| Vouchers issued in currency | Value of vouchers created during the month |
| Value of earned vouchers in currency (points liability) | The value of earned points if a reward calculation was performed now. The calculation is based on settings for your reward model. |
| Liability | Total value of active vouchers created in currency + points liability in currency |
Comments
0 comments