Consumer Goods Industry Deduction Management Services
Smyyth’s full range of Accounts Receivable and Reconciliation and Profit Recovery solutions are custom tailored for consumer goods companies. Our decades in the business have demonstrated that huge profits are lost due to inadequate skills or software to drive the auditing, resolution and recovery of excessive customer deductions. Even in the best managed companies, this profit leakage is often budgeted as a “cost of doing business”. Our experience is that it doesn’t have to be this way. Cash recoveries can be doubled while rooting out the systemic, repeat causes of these infractions. We have the skills, staff and the special Carixa software to solve your problem of any scale or scope.
Deductions: Plague On Profits
Consumer Goods Industry is a specialty of Smyyth. Suppliers face challenges resulting from large transaction volumes and industry trade practices, including trade promotions, returns and vendor compliance issues. Dealing with large retailers is complex, especially considering the business rules mandated for billing and fulfillment.
The result is significant revenue dilution caused by myriad of customer deductions and disputes constitutes a significant profit loss for suppliers. Smyyth’s business model and Carixa technology is especially suited for this industry, as it provides the tracking, root cause identification, and collaborative workflow to optimize efficiency and recapture of erroneous deductions. Moreover, we are comfortable with very large volumes.
Ship And Bill Correctly – Stop Errors, Deductions And Compliance Penalties
By collaboration with the Retail Value Chain Federation, Smyyth is making available the Compliance Clearinghouse™, an automated, expert service that alerts you to changes in customer purchasing compliance, EDI, packaging, labeling, billing and shipping rules so that you can avoid product, billing and shipping errors, and save the cost of the related expensive deductions and penalties.
Our experience covers all aspects of the industry from CPG, food, electronics, home entertainment to fashion goods.
Pharmaceutical – Health Sciences
Accounts Receivable And Deduction Services
Smyyth’s full range of Accounts Receivable and Reconciliation and Profit Recovery are custom tailored for pharmaceutical manufacturers.
Outsourcing and Backlog Recovery Programs
- Accounts Receivable
- Invoice Collection Management
- Customer Deduction Audit & Recovery
- Post Audit Deduction Research, Recovery and Strategy
- Under-billing Errors
- Channel Inventory and Price Protection
- Returns and recall reconciliation
- Distribution claims
- Rebates and Contract Pricing
We have extensive experience and are pharmaceutical industry specialists. Our services include onsite and offsite solutions. All revenue recovery projects are self-funding.
Durable Medical Equipment
Accounts Receivable And Deduction Services
Improving collected net-revenue is the name of the game. We understand billing systems, managed care contracts, and provider best practices in accounts receivable management. Options include onsite or offsite solutions.
Outsourcing and Backlog Recovery Projects
- AR Collection and Backlog Programs
- Intensive Collection Campaigns
- Managed Care Accounts Receivable
- Third party and self-pay
- Reimbursement, Denials and Appeals
We can help you quickly improve your cash position, and increase net collected revenue percentages for longer-term impact. Complete managed teams are available to manage critical backlogs in billing, collection, and receivables.
A/R Premium And Retroactive Audit Collection
Insurance companies have unique issues.
Uncollected premiums, adjustments, or deductibles cause significant revenue dilution.
Our expert audit and collection approach optimizes recoveries from disputed and delinquent receivables. When your receivables challenge outsourcing or projects – is of a scope that requires planning, technology, integration, and professional execution, you need Smyyth.
- Delinquent Premiums
- Earned Premium Adjustments
- Backlog Cures
- Maintenance Programs
- Reconciliation and ARForensics
Carixa™ – is our powerful collaborative accounts receivable work flow , collection and dispute management platform is designed for the web, and accessible by you at all times. Carixa assures that nothing falls through the cracks, while tracking all client service issues, disputes and collection success.