What Deduction Automation Software Is and Why You Need It.
Deduction management software uses a best-practices methodology, smart workflows, and RPA to automate the entire process from cash application through matching, and research to final resolution. As a result, most actions are automated, including system-to-system.
Customer deduction errors are charged back and followed through to recapture (collect) the erroneous claims. Root cause reporting is a by-product of the process.
You are losing entirely too much money on retailer and distributor deductions. Carixa Deductions makes it easy to get deductions under control and keep your profits.
Carixa Automated Deduction Management System
Customer deductions, chargebacks, claims, and disputes are the bane of finance, logistics, and sales and which result in millions of dollars of lost profits. Deductions and their causes are complex, time-intensive to research and resolve, and span several departments.
The Carixa Deductions deduction management software module is end-to-end deductions automation to assure fast processing times and maximum deduction recovery, with minimum staff. Slash deduction days outstanding, save 50% or more on labor, and book higher profits with more money recaptured from customer errors.
Carixa Deductions includes collaborative workflows that are configured based on customer, deduction type, and dollar amount for delegating to the assigned staff. Robotic Process Automation (RPA) captures the documents from internal, customer, and carrier systems while initiating resolution workflows. If a deduction needs to be credited or adjusted, approval thresholds assigned to each user are part of the process.
- Best-practices rules and smart workflows through resolution.
- Categorize, assign, escalate, and track deductions to resolution using smart workflows that enable collaboration.
- Customer codes are automatically converted to internal codes
- Automated correspondence with documents
- Manages write-offs and credit issuance
- Inter-departmental collaboration
- Linked PODs and support documents
- Automated Customer and Carrier Portals
- Super-efficient deduction analyst workspace
- Integration with Carixa Trade Promotion System
- Performance tracking
- Root Cause data to prevent deductions
Don’t let deductions eat away at your profit margins. With our advanced, automated deduction management software, you can streamline these functions and recover more of your lost revenues with less effort. To learn more about everything our software can do for your accounting operations, reach out to us today to get started.
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