Why SaaS is Such a Powerful Solution

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In the past, companies bought, built, and maintained their IT infrastructures despite the huge costs because there was no choice. The Internet’s exploding bandwidth changed this, and Software as a Service (SaaS) is now a better alternative without the large investment. The SaaS model is growing exponentially because it offers serious business benefits. SaaS applications… Read more »

Improve Your Profits: Vendor Compliance Chargebacks

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Vendor Compliance Chargebacks are a serious problem for many retail suppliers, often amounting to a loss equal to more than 1% of annual revenue, because of suppliers’ failure to comply with retailers’ detailed order, billing, and shipping requirements. The first step in the compliance penalty and deduction cure process is to put the first foot… Read more »

Post-Audit Claims & Deductions Management

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Post-Audit Claims & Deductions taken by commission-based auditors hired by retailers total billions of dollars annually and, because of the age and structure (by SKU and line item), these claims are challenging to research, reconcile, and document without powerful custom software, such as our Carixa™ Matching and Reconciliation Software. Further, when the claims are partially… Read more »

Robotic Process Automation (RPA)

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Robotic Process Automation (RPA) refers to the use of computer that controls and automates rule-based processes without the need for human supervision or labor, including automated cash application, collections and deduction management. RPA enables the automatic access, capture, manipulation, interpretation, and action on data and documents from other internal and external systems. Using RPA, our… Read more »

Deduction Management with Carixa™: The Results

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At Smyyth, our goal is to help corporations reduce customer deductions and related administrative costs. Trade disputes cost companies millions of dollars a year and can stem from product shortages, shipping mistakes, pricing mismatches, promotional allowances, and process errors. While customer deductions are frequently viewed as transactional problems and often just a “cost of doing… Read more »

How Factoring Works

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The factoring industry is well established and comprised of both specialized factors for many industries and the giant factoring companies that are able to handle larger exposures with more complex requirements. Many companies factor during their entire existence; others only until they are able to manage credit on their own. For smaller companies without alternative… Read more »

Accounts Receivable Puts

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Credit Managers frequently have questions about how to mitigate trade credit risk when traditional credit insurance is not possible; for example, if you are concerned with just one single major customer, or have a customer that is already in financial distress. You can sleep better knowing that you can protect your most significant credit exposures… Read more »

Leveraging Order-to-Cash For Shareholder Value

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Improve the Order-To-Cash Process to Increase Shareholder Value   The Order-To-Cash (O2C) process is an area that that remains largely untapped by many businesses. However, smart and effective management of the O2C process could help to improve business performance and the bottom line. It is no surprise that more and more corporations are beginning to… Read more »

Credit2B Acquired by Billtrust

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John Metzger, Chairman of the Smyyth Family of Companies, announced that Billtrust has acquired the business of Smyyth’s affiliate, Credit2B, as of April 18, 2018. Credit2B is an innovative credit information networking business. Shyarsh Desai, Credit2B’s CEO, will continue in the same role with the new organization. Understanding that “business credit reporting” was a stagnant… Read more »

On Time-In Full Violations (OTIF)

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On Time-In Full On Time-In Full (OTIF)  is a metric for supply chain delivery performance that measures what percentage of the time a supplier delivers orders that meet the customers’ requirements for fill rate and specified delivery windows. For all suppliers but especially for food and consumer packaged goods companies, the importance of Walmart’s On… Read more »