Post-Audit Claims Policy Example

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Post-Audit Policy Example   It is essential that you have a written policy, communicated to customers (and post auditors), which serves as your notice to them as to what is required for consideration of post-audit claims. Without a basic policy, your position is weaker than it needs to be. The document needs to be signed… Read more »

14 Ways To Reduce “On-time, In-full” Chargebacks and Deductions

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What is “On-time, In-full” (OTIF) It’s the mechanism, the exacting metric, and penalty scheme that large retailers are using to rate and penalize their suppliers for non-compliance with purchase order quantity and delivery requirements. Accounts receivable deduction management software and compliance systems are more important than ever to counter the profit leakage due to OTIF… Read more »

Best Practices: Post Audit Deductions  

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  Post audit claims are usually generated by third party auditors that are usually paid a commission to capture your money. Post Audits are a billion dollar business. Perhaps not surprisingly, our experience is that up to 50%of post audits can be wrong, errors that can be attributed to auditor zeal or perhaps misinterpretation of… Read more »