This paper provides key insights for human resource and financial professionals looking to make the right decision for reward billing.
When it comes to rewards, there are two basic models for billing. The first, older version is bill on redemption (BOR), in which the customer is billed for the value of merchandise items that have been redeemed and shipped to employees. The second is a bill on issuance (BOI) model, in which the customer is billed for the value of the purchasing power employees get upon issuance of an award. The BOI model offers several key advantages over redemption-based billing.