Vendor Compliance Management

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Vendor Compliance Management chargebacks often total more than 1% of supplier revenue because of failure to comply with customer order, billing, and shipping requirements. “Vendor optimization” software has made generating deductions an automated process based on pre-set order guidelines and procedures, making it more critical than ever to ensure that your shipment accuracy is on-point… Read more »

Selecting a Deduction Management System

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Selecting a deduction management system including cash application software can be confusing, so let’s start with a set of basic specifications based on your own operational needs and experience. You can add to it as you review various systems and see how others are interacting with the software. You will soon develop a list of… Read more »

Accounts Receivable Deduction Management Features

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Accounts receivable management is rife with functions that are only partially automated, still manual, or which need to be done offline, for example, by using Excel. The right system will encompass all of these and will automate, at a minimum, these features and eliminate offline processes: EDI capabilities from 810 invoice processing to 820 cash… Read more »

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 »

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 automated 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 system processes transactions then triggers responses or… 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 »