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Effective Deduction Management : 5 Tech Trends to Double Productivity and Reduce DDO by 30%

Highradius

About The Webinar

As a leader in finance, you do not need an introduction to the impact of inefficient deduction management on DDO and recovery rates. However, you might be interested to know that best-in-class performers process deductions 6 times faster than the rest.

Best-in-class teams improve deductions processes, control operational costs and improve recovery rates by eliminating reactive deduction processes and poor cross-team collaboration.

Kick-start 2017 by developing a roadmap to save $1.5 million over the next 3 years as we take you through the latest deductions management best-practices and technology.

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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.