Deductions cloud is the solution used by the business organisation to shorten delivery reporting and execution timing, streamlines processing, reduces processing costs, and increases recovery rate for the organisation. Deduction management software reduces the burden of management operation.
Deductions management software cloud provides automation, enhance customer relationship, standardise the process and provide the platform for cross-departmental working.
Deduction cloud provides the most robust automation and optimises the data extracted from the customer and supply instant information required for resolution. Deduction cloud is highly recommended for backup documentation, Proofs of Delivery (POD), Bills of Lading (BOL), and promotion and suggestion for settlements.
Deduction management software helps to recover normally lost revenues for invalid deductions. Deduction cloud provides consistent processing and enables cross-departmental working and collaboration. It also provides trade promotion settlements to maintain, match and resolve deduction line items performed against the trade promotions.
Deduction cloud automatically generates and distribute the details to customers based on account and deduction status as per customer requirements.
Some of the most important parts of trade promotion management include budget planning, withdrawal management (Deductions Cloud) and claims handling. If managed properly, this process increases the company’s profits and reduces losses. Given the complex process of trading costs, managing invoices, deductions, and accounts receivable is an ongoing challenge for manufacturers of consumer products. This … Read more
Dispute management refers to a conflict arising from difference in opinions between two or more parties, disparity between what was expected/promised and what was delivered, from greed, jealousy, anger, urge to control or dominate etc. Disputes could be between two or more individuals, organizations, states and nations. Reasons for a dispute could be numerous but … Read more
A deduction is the most difficult type of an open item in accounts receivable to resolve or deal with because most of the departments of an organization are involved in various degrees. The customer takes the deduction in accounts receivable according to their policy and procedure and now it is up to the organization to … Read more
Business organisation distribute their product in such a manner to their customer who in turn can either sell them or can utilise for their own need. After selling the products, manufacturers charge their customers with the invoiced amount. In many cases, it was observed that the customers always delay in payment. Thus, this amount withheld … Read more
Order to Cash (O2C) is defined as a set of business processes that are widely used by a business organisation that involves receiving and processing customer requests for different goods and services. It is the top-level software used by management to describe the finance-related terms of customer sales. The deduction in O2C is crucial for … Read more