$1.4m Deduction Savings, 40% Lower DDO, 92% Less Manual Tasks: How 3 Iconic Companies Transformed Deductions Management

$1.4m Deduction Savings, 40% Lower DDO, 92% Less Manual Tasks: How 3 Iconic Companies Transformed Deductions Management

About the Video:

67% of companies are struggling with steady or growing flow of deductions, yet more than 63% companies are managing this problem with less than five team members. This leads to inadequate research, higher write-offs for small and medium ticket deductions, and long resolution time, costing hundreds of thousands and even millions of dollars. Unfortunately, the high operational costs of manual deductions research makes it impractical to increase the team size substantially.

Accounts receivable and deductions leaders at adidas, Hormel Foods and Dr Pepper Snapple Group faced similar business challenges. They adopted deductions best practices supported by automation to reduce manual tasks by 92%, shave 40% off of DDO and saved over $1.4 million to make deductions a significant contributor to improved profitability.

Speakers:

Jay Tchakarov, VP, Product Management & Marketing, HighRadius