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Integrated Receivables Cloud Platform

Deductions Cloud

Back-up Document Capture

Fast-track deduction resolution while saving 70% of analysts' time by auto-capturing information from all deduction back-up documents.

YOU HAVE DEDUCTIONS. WE GET YOU THE DATA TO VALIDATE THEM.

Auto-capture claims, PODs, and BOLs from websites, emails, and paper documents

Automatically pull documents from customer (Kroger and others) and carrier (such as FedEx and UPS) emails, portals, third-party websites, or paper documents in any format including across Word, TXT, Excel, CSV, PDF, HTML, and image files.

Eliminate time lost manually linking data aggregation and your deduction management system

Customize requirements and capture all essential information from the documents while linking them to your deduction management system.

Prevent data loss by storing all information within the solution in a standardized format

Eliminate any loss of information by maintaining a single-source-of-truth for all essential information in a standardized electronic format proactively available within the solution.

Provide real-time visibility to multiple teams through a secure cloud.

Enable real-time visibility for multiple teams such as brokers, sales, and logistics by providing a centralized repository of all information, accessible through secure authorization on the cloud.

Reduce DDO and bad-debt by providing analysts with more bandwidth for validation

Get more time to actually validate deductions instead of previous transactional tasks of manual document download and data capture, since they're already prepared for research.

There’s no time like the present

Get a Live Demo of Deduction Cloud for Your Business.

Request Your Free Demo

Four simple steps to capture deduction backup information from emails

Step 1
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Set auto-forward for emails pertaining to deductions

Set up auto-forward for all emails pertaining to deductions that you receive from your customers or carriers to a secure HighRadius domain. They will be automatically forwarded as soon as they hit your inbox, eliminating the need for any manual intervention.

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Extract all essential information from emails

Parse emails automatically to read through both the body of the emails and the attachments across different formats such as Word, TXT, Excel, CSV, PDF, HTML, and image files. The solution will automatically save all of the extracted information in an electronic format for further research.

Step 3
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Link all information to deductions in your deductions management system

Automatically link all acquired information to its respective deductions without the need to manually identify the deduction on each document, enabling the analysts to work on these deductions proactively.

Step 4
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Collate documents in a centralized repository for any future use

Store all documents in a centralized repository on a secure cloud that can be accessed across different departments such as brokers, logistics, and sales teams through secure authorization.

Four simple steps to capture deduction backup information from website

Step 1
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Share tokenized login credentials for customer and carrier portals or third-party websites

Save the login credentials for all of your customer and carrier websites within the system in tokenized format. The system will also send you a reminder to change your password when it’s overdue.

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Extract all essential information from portals automatically

Log in to the portal, crawl through web-pages, and download all essential documents across different formats such as Word, TXT, Excel, CSV, PDF, HTML and image files, and save them within the solution in an electronic format for further research.

Step 3
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Automatically link all information to deductions in your deductions management system

Link all acquired information to respective deductions without the need to manually identify the deduction on each document, enabling the analysts to work on these deductions proactively.

Step 4
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Documents automatically collated in a centralized repository for any future use

Store all documents in a centralized repository on a secure cloud that can be accessed across different departments such as brokers, logistics, and sales teams through secure authorization

Five simple steps to capture deduction backup information from paper documents

Step 1
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Upload scanned copy of customer or carrier back-up document to a secure FTP location

Scan customers’ or carriers’ paper back-up documents received at your mailbox and upload them to a secure HighRadius folder through FTP. That’s all you need to do process your paper documents.

Step 2
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Extract all essential information from paper documents automatically

Parse through the paper documents with our Artificial Intelligence-enabled Optical Character Recognition (OCR) engine and extract all essential information to save within the solution in an electronic format for further research.

Step 3
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Link documents to deductions in your deductions management system

Automatically link documents to respective deductions without the need to manually identify the deduction on each document.

Step 4
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Extract all essential information from documents

Configure based on need to pull all essential information from the acquired documents across different formats such as Word, TXT, Excel, CSV, PDF, HTML, and image files and save them within the solution in an electronic format for further research.

Step 5
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Collate documents in a centralized repository for any future use

Store all documents in a centralized repository on a secure cloud that can be accessed across different departments such as brokers, logistics, and sales teams through secure authorization.

This is Why A/R Teams Love Us

Speed

The deductions team at Adidas was able to reduce the time spent on back-up document aggregation by 92%, from 60 minutes per deduction to just 5 minutes.

Productivity

Hormel's deduction team was able to re-allocate 45% of their analysts to other high-value work like credit and collections while automation handled data download and aggregation, which was previously manual.

There's more to Deductions Cloud

Resource

Ebook

Streamlining Deductions Operations: A Primer to Resolving Deductions 2x Faster

Download Now

Framework

The Deductions Maturity Model

Calculate Your Operations Maturity Now

Datasheet

Datasheet : Deductions Cloud

Download Now

Blog

BlogDriving Efficiency when Automating Deductions

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Case Study

How Danone Automated Deductions Operations and Reduced DDO by 25 Days

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Webinar


McCormick’s recipe for A/R Success: A Blueprint to Resolve 164,000 Deductions

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