Deductions Management RFP Template

Making the right choice involves four key steps:

1. Identify Your Needs
   Understand the volume and complexity of your company’s deductions. Small businesses may prioritize automation for basic tasks like document aggregation, while larger enterprises might require advanced features like AI-driven deductions prediction and automated workflows across departments.
2. Feature Prioritization
   Rather than listing features, focus on asking the right questions to determine if the software meets your business needs. Consider these key questions when evaluating vendors:
   • How does the software aggregate claim backup documents from customer portals and emails?
   • Can it auto-link claim documents and data to corresponding deductions in the ERP system?
   • How does the system predict deduction validity (valid/invalid) using AI algorithms?
   • Can it handle deductions for trade promotions, shortages, and returns?
   • Does the tool support automated denial of invalid deductions?

   These questions help you prioritize the features that matter most, ensuring the software addresses your specific challenges efficiently.

3. Vendor Support
   Ensure the vendor offers comprehensive support and training, especially if your team has limited IT resources. This is crucial for a smooth implementation and long-term success.
4. Flexibility and Scalability
   Choose software that can grow with your business, adapt to new deduction types or workflows, and integrate seamlessly with your existing ERP systems.