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Consumer Goods Deduction Services
Smyyth's full range of Accounts Receivable and Reconciliation and Profit Recovery solutions are custom tailored for consumer goods companies.
Deductions: Plague on profits
Consumer Goods Industry is a specialty of Smyyth. Suppliers face challenges resulting from large transaction volumes and industry trade practices, including trade promotions, returns and vendor compliance issues. Dealing with large retailers is complex, especially considering the business rules mandated for billing and fulfillment.
The result is significant revenue dilution caused by myriad of customer deductions and disputes constitutes a significant profit loss for suppliers. Smyyth's business model and Carixa technology is especially suited for this industry, as it provides the tracking, root cause identification, and collaborative workflow to optimize efficiency and recapture of erroneous deductions. Moreover, we are comfortable with very large volumes.
Ship and Bill Right - Stop Errors, Deductions and Penalties
By collaboration with the Vendor Compliance Federation, Smyyth is making available the Compliance Clearinghouse™, an automated, expert service that alerts you to changes in customer purchasing compliance, EDI, packaging, labeling, billing and shipping rules so that you can avoid product, billing and shipping errors, and save the related expensive deductions and penalties. Read more...
- Consulting to Improve Deduction and AR process
- Comprehensive AR Outsourcing
- Cure projects for deduction backlogs
- Deduction Management
- Trade Promotions
- Collections
- Massive Account Reconciliation
- Returns matching
- Discounts
- ...any deduction category
Our experience covers all aspects of the industry from CPG, food, electronics, home entertainment to fashion goods.
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