Deductions 2020: A Tech-driven Approach to Resolve F ‘n’ B Deductions Faster


Jacob Whetstone

Director Credit and Accounts Receivable,


[0:00] Anchor: Thank you for joining a session on why you need a tech-driven approach to resolve FMV deductions actions faster. Today our speaker is Jacob Wetzlar, Director of credit and they are at Danone. Jacob is an experienced business professional with a diversified background that includes sales, receivables, payables, account balancing forecasting and financial analysis (giggles) that was a long list and now that the housekeeping is out of the way Jacob the stage is all yours. [0:32] Jacob Wetzlar: All right, thank you guys can hear me okay. All right. So a lot smaller stage. So if we don't walk off of it here, but I'm grateful for the opportunity to speak thank you guys for coming out. I know it's right before lunch. We're just talking about I think before lunch is better than after lunch. So hopefully you guys are hungry, you will stay awake. And hopefully, I won't keep you too long and we can go have a good lunch. But yeah, I'm going to talk about kind of our deduction process that we have Danone, and it's really going to be from our perspective. So I know there's a lot of people from different…

What you'll learn

  • Shift to a digital-first deductions resolution approach through progressive hiring
  • Evolve the role of transaction-oriented deduction clerks to strategic business analysts with Artificial Intelligence
  • Improve collaboration across teams for prompt resolution
  • There's no time like the present

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    HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.