Deduction Management-Best Practices for Shipment Shortages

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Reducing Shipment Shortages Shipment shortages and damages are age-old problems that dilute manufacturer profits by as much as 1/2 to1 percent of gross sales, a loss that can be reduced by taking common sense steps.  Shortage deductions are caused by errors in the shipper’s warehouse, by transportation carriers, and at customer receiving docks, incidences which… Read more »

Supplier Portals Impact the Invoicing and Payment Lifecycle

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“Collaboration Portals” or “Supplier Portals” are being implemented by many companies to facilitate billing, payments and problem solving between companies, their employees, and their external partners, especially customers. This has important benefits for streamlined customer service, efficiency, and improving cash flow. Having the seller and the buyer on the same platform removes much of the… Read more »

Workflow & Collaboration Tools Deliver Superior Results

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Workflow Automation is the single most impactful type of technology you can introduce to accomplish more with less. Adding staff is often not an option nor is it a real solution to your challenges related to transaction volumes. We all know how workflows are helpful in our personal or business lives. Wake up, walk the… Read more »

Credit Insurance

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Credit Insurance is a viable alternative to minimize credit risk for companies that are concerned about risk, and especially those that do export business, or those that have a lender that insists on it. There are several top rated credit insurance companies, mostly headquartered in Europe so, working with an expert broker,  you will be able… Read more »

Medium Term & Political Risk Insurance

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Medium Term Credit Insurance Medium Term Credit Insurance, provides financial institutions, exporters and infrastructure developers with private sector corporate payment default coverage for one to seven years. Underwriters typically extend this coverage in conjunction with a cross border financing of goods and/or other services. Coverage can also be procured for non-trade related finance, where the… Read more »

Automated Credit Applications

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Back to the Future in Credit Management Marty McFly would recognize today’s business credit applications as going back to his grandfather’s generation. Little has changed – until now, that is. Automated Credit Application Systems  (ACAS) change all this, as they automate and accelerate the onboarding of new customers, some even integrating industry trade and credit bureau… Read more »

Managing Your Own Business Credit (For Small Businesses)

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5 simple steps you should take to manage your small business credit Determine whether or not you already have a business credit file.  Go to Credit2B.com or DNB.com and find out if you have a credit file. You may be able to add helpful information to it; for example, your company’s financial results, or provide bank… Read more »

Beta Program for New EIPP Solution

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New for 2017, Smyyth is expanding it’s best-in-class Carixa Credit-to-Cash Software Suite to include an Electronic Invoice Presentment & Payment (EIPP). Carixa’s EIPP module will streamline your operations, speed customer service, reduce transaction costs, and get paid faster. With Carixa’s flexible architecture, you can offer the EIPP solution to selected business segments, usually smaller  B2B customers who would benefit the most. The benefits of… Read more »

Profit By Controlling Revenue and Profit Leakage

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Customer Deductions Remain A Major Corporate Profit Loss Revenue cycle processes at some companies have improved somewhat over the past decade, driven by billions spent on technology. Larger companies have shown progress in billing and receivables settlement “efficiency” by lowering the cost of billing and payment transactions using automation or overseas outsourcing. However, we see little or no… Read more »

Post-Audit Claims Policy

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Post-Audit Deductions are one of the most vexing business issues faced by vendors, not only by but especially in the retail channel. Most post audit claims are generated by third party auditors that are paid a commission to get results.  This is a multi-billion-dollar challenge for manufacturers. These claims cover transactions that are one to… Read more »