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.
Let’s set the scene – you’ve happily sent Amazon your products for them to sell. You send them boxes and boxes of the stuff, and you’re over the moon for making such a great sale. Ka-Ching! Shortly after invoicing Amazon for what you should rightfully be earning, they...
There is no denying the sheer power of Amazon in today’s world. So if you have the privilege of being an Amazon vendor selling through the Vendor Central platform, you’ll know how great this can be for your business.
Amazon charges its vendors deductions for virtually anything and everything they can. If they pick up packaging issues, shipping inconsistencies, or even technical errors in EDI transmissions, you could be the next vendor to spot a chargeback in your Vendor Central...
Learn about the 6 most common chargeback reasons retailers use to deduct payment. Major retailers like Amazon, Walmart and Target have implemented smart vendor scorecards to encourage suppliers to meet order timelines and quantities as accurately as possible. These...
Deductions management processes are critical to protecting your bottom line. Learn how you can enhance this process through the use of iNymbus RPA automation.
Robotic Process Automation from iNymbus was specifically made to handle retailer deductions and chargebacks. Here's my perspective on how you can add them to your team today.
