Cash Application Cloud
Discounts and Deductions Handling
Identify and validate short payments and discounts
SAY NO TO UNEARNED DISCOUNTS!
Reduce write-offs by verifying eligibility for discounts taken
Validate whether the discounts taken by customers are earned or unearned based on payment terms or trade promotions
Free up analyst bandwidth by automatically identifying deduction type
Identify the reason for short-payment such as trade promotions, early payment discounts, or disputed goods and services without requiring any manual research by analysts
Resolve disputes faster with built-in deduction coding
Map external reason codes provided by customers with internal ERP-specific reason codes, enabling faster dispute resolution by analysts
Handle short-payments with complex parent-child relationships
Automatically split a combined short-payment into multiple different child reason codes or consolidate multiple similar short-payments into a single parent reason code
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Five simple steps to handle short payments
Capture details from customer remittance and ERP extract
The solution captures deduction information from remittance sent by customers with the help of an AI-enabled remittance parser engine and extracts customer master information such as trade promotion management, payment terms, and invoice details from the ERP.
Calculate eligible discounts on the invoices paid for
The system identifies whether a particular short-payment taken by a customer is eligible for a discount based on the trade promotions or payment terms information.
Calculate short payment or over payment
The calculation for short payment or over payment is made, based on the calculated eligible discount.
Categorize deductions based on system patterns or customer sent reason codes
The deductions taken by customers are categorized based on patterns or customer sent reason codes.
Populate deduction reason code for analysts and ERP to understand
The short payments, over payments, and customer deductions are reason-coded in a way analysts and ERP understand for posting.
This is Why A/R Teams Love Us
The cash application team at Johnsonville Sausage reduced the time spent on cash posting from 40 hours to 17 hours with 80% of the dollars applied without any manual intervention.
Reckitt Benckiser achieved 100% auto-coding of deductions due to the smarter engine.
There's More to Cash Application Cloud
5 Cash Application Technologies Every A/R Manager Should Know
Calculate your ROI from Cash Application Automation
Datasheet : Cash Application Cloud