Multi-million Dollar Increase in Butter-Smooth Deduction Resolutions + How AI Enhances Deduction Management

About The Webinar

With every short-paid invoice dollar, customer claims continue to plague companies while legacy systems and manual processing make recovery harder and more time-consuming.

While it is impossible to eliminate claims from A/R, credit leaders could take steps to eliminate “self-inflicted” process pains and reduce what would otherwise be considered “the cost of doing business.”

Join Part 3 of the educational web-series, Credit and A/R Manager’s Guide to Artificial Intelligence, for the real-world case study of Land O‘Lakes to streamline deductions management using RPA and best practices. We will also explore future opportunities to transform the process with Artificial Intelligence.

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HighRadius Deductions Software acts as a powerhouse for proactive deduction management to prevent bottom-line erosion. It provides automation, process standardization, and a platform for cross-departmental and customer collaboration. It supports deduction management by providing some key features like back-up document capture which captures deduction data from customers and supplies the information required for resolution; auto-capture proofs of delivery (PODs), bills of lading (BOLs) from carrier portals & emails; structured deduction resolution, collaboration & approval workflows to streamline the communication and approval process; along with automatic deduction correspondence, and automatic data push to customer portals. The result is a proactive deduction management operation that recovers revenue normally lost to invalid deductions.