Manufacturers and vendors are losing revenue at an alarming rate. This lost revenue stems from repeated non-payment by major retailers. And, worse, it can seem impossible to reverse the trend. Yet: reversal is possible.
For companies seeing hundreds or thousands of customer deductions per month, processing claims has become critical to maintaining their bottom line. Suppliers for major retailers like Walmart and Amazon can face deductions for everything from unmatched paperwork to...
Retailer deductions pose challenges that any supplier and distributor to a large retailer will know well. Whether you call them chargebacks, short-pay, or deductions, these claims put significant dents in suppliers’ profit margins, and leave them with the headache of...
Frustrated by aging chargebacks and deductions, we often speak with A/R and Finance teams attempting to keep up with AI-powered retailer portals and systems. In our blog this week, we will look at how org leaders can assess the true cost of retailer chargebacks to...
Deduction management is an arduous process for every eCommerce business especially those that sell their products through large retailers like Amazon.
Suppliers and distributors across all industries know the many challenges that retailer and shipper deductions and chargebacks bring. These deductions can quickly eat away at a supplier’s bottom lines, and the only way for them to preserve their profit margins is to...
Cost recovery processes are essential for suppliers and distributors that work with major retailers. Retailers charge suppliers for a wide variety of perceived problems and discrepancies, from mismatched invoices and POs to incorrect shipping practices.
Deduction and chargeback management have historically been highly resource-intensive processes for companies of all sizes. Traditionally, companies were forced to hire additional staff, outsource to a third-party deductions management firm, or rely on large ERP...
Shipment shortages, damages, and pilferage are constant, ever-present issues that negatively affect manufacturers’ bottom lines. These losses and the time-consuming process of deduction can be mitigated by taking logical steps and using deduction management software to...
Disputes and deductions in accounts receivable can become a major headache for businesses of all sizes and industries, with the potential to significantly impact a company’s cash flow and operational efficiency.
