Understanding The Deduction Process In The Order-To-Cash Cycle

Posted

In an ideal world, all B2B transactions would be straightforward. Your customer asks you to provide something, you do it, and the customer pays you. However, this is often not the case, especially when your customers are big-box retailers. The deduction portion of the order-to-cash cycle can result in a significant reduction in the amount… Read more »

What Is The Order-To-Cash Cycle?

Posted

Whether you’re a manufacturer or distributor, keeping your products moving is critical. One key to this is to streamline the  order-to-cash cycle with advanced automation. Simply put, order-to-cash (or O2C) is the business process through which you convert your inventory into cash, ensuring you get paid for what you provide. It is the engine that… Read more »

Trade Promotion Management System

Posted

Trade Promotion Management System Integration with Deduction Management Systems Trade promotion allowances are how manufacturers directly influence product performance at retail or through distributors. These trade promotion campaigns include in-store promotions and advertising and help boost sales in specific locations or periods, raise brand awareness,  or bring a new product to market. In return for… Read more »

Accounts Payable Overpayments Auditing

Posted

Recapturing Accounts Payable Payment Errors Accounts payable overpayments cost billions every year, and most are due to routine manual, computer, or other processing mistakes. Some are systemic; for example, vendor master errors go on forever. After all, who is going to advise you that you are not taking your cash discount? Smyyth’s Carixa AP Match… Read more »

Vendor Compliance Management

Posted

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

Posted

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

Posted

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

Posted

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

Posted

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)

Posted

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 »