In a deductions/disputes prone industry and with limited team size, are you constantly fire-fighting to resolve deductions and resorting to write-offs when your team is not able to research? You are not alone, a CRF study states that more than 2/3rd of credit leaders report a rise in the volume of deductions.
A study of 150+ receivables transformation projects at companies including those at Danone, COTY, Ferrero and PrimeSource Building Products addressed the top 5 challenges with deductions to double the productivity of the deductions team and resolve deductions up to 25 days faster (DDO reduced by 25 days). We have compiled these best practices into a free ebook.
Key take-aways include:
- 100% faster claims capture from web portals, email and EDI
- 40% faster deductions operations with research ready deductions with auto attached claims, proofs of delivery and bill of lading
- Trade promotions matching to prevent to double the speed at which trade promotions are resolved
- Structured workflows for internal and external collaboration to ensure adherence to process and prevent compliance problems