100% Accurate Trade Deductions with Automated Promotion Matching
Utilize 3-way matching algorithms to match trade promotions, claim line items, and material master data.
Utilize 3-way matching algorithms to match trade promotions, claim line items, and material master data.
For a 40 hour week, an analyst spends:
Before
16 hours
spent manually aggregating documents.12 hours
spent matching documents and validating deductions.8 hours
of back-and-forth between departments for document approvals.
After
<1 hour
with automated document aggregation.<4 hours
with automated claims-to-deductions linking.Instant
approval workflows, reducing interdepartmental time to just minutes.
HighRadius was able to provide a solution that eliminated manual operation by providing efficiency throughout our A/R processes
Result
Laurent Gueritaine
Global Process Owner, Invoicing to Cash
HighRadius provided a cloud solution, eliminating the need for IT involvement, as it handles all updates for me.
Result
Mike Thelen
Director, Customer Financial Services
Trade Promotion Auto Matching Software automates the process of managing and resolving trade deductions, which occur when customers claim discounts or allowances for promotions or agreements. It helps businesses match and validate these claims against promotions, agreements, and other supporting documents to ensure accuracy.
The software uses 3-way matching algorithms to automatically identify and categorize deductions, speeding up the process and reducing manual effort. It integrates with trade promotion management systems, ERPs, and point-of-sale (POS) systems to gather the necessary data for validating claims. Businesses can improve their deduction management process by automating trade resolution, enhancing analyst productivity, and increasing net recovery rates.
Trade resolutions automation software comes with several key features that enhance efficiency and accuracy.
The benefits of Trade Promotion Auto-Matching software include faster claim resolutions and improved accuracy in handling trade deductions. By automating the 3-way match between trade promotion, claim line items, and material master data, the software reduces the need for manual intervention, cutting down on errors and streamlining the Order to Cash process.
Key advantages include:
Deductions automation software, also known as Dispute Management Software, is a tool designed to streamline and automate the process of managing trade deductions taken from receivables in the O2C cycle. It helps to identify, categorize, and resolve deductions efficiently, reducing manual effort and improving accuracy.
An Automated Dispute Resolution Software helps in improving the Net Recovery Rate & increasing deductions analyst efficiency by speeding up the research & resolution of deductions using deductions validity predictor & reason code auto-matching.
The Deductions Validity Predictor uses AI algorithms that look at 100+ data points related to deductions and invoices to accurately predict the chances of a deduction being valid or invalid, allowing deduction analysts to prioritize recovering invalid deductions over spending too much time on the valid ones.
HighRadius Dispute Management Software prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. We use strong encryption and role-based access controls to protect your financial data, ensuring confidentiality and compliance.
If you maintain all your trade promotions within your ERP system or RPA system, Highradius can pull all the relevant documentations and reason codes from there. So, you don’t necessarily have to have a Trade Promotion Management System (TPM) for us to pull in all promotion-level documents.
Yes. In scenarios where various members need to validate and approve a deduction, a multi-level approval workflow can be set up in the solution, and provide approval by logging into the solution or sending an email. This ensures that all approvals are tracked in the system, leading to transparency and accountability.
HighRadius Dispute Management Software excels with its AI Deductions Validity Predictor, a standout feature that boosts net recovery by 30%. Trained on over $10 trillion worth of transaction data, this predictive model identifies valid and invalid deductions swiftly, ensuring faster resolution.
Yes, Dispute Management Softwares seamlessly integrates with your ERP. Additionally, it can support API integration for orther financial management softwares. This enables easy extraction of specific fields like credit memos, open deductions, or open negative line items.
The implementation time for HighRadius Dispute Management Software varies based on the complexity of an organization’s requirements. However, our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months, setting an industry benchmark.
The right Dispute Management Software needs little IT participation. It easily integrates with ERPs using real-time APIs and Hex (SFTP) connectors, plus it comes with pre-built modules and industry-specific best practices. This means customers can deploy remotely without much hassle or IT reliance.
