What is automated Dispute Automation Software?
Deductions automation software, also known as Dispute Management Software, is a tool designed to streamline and automate the process of managing trade deductions taken from receivables in the O2C cycle. It helps to identify, categorize, and resolve deductions efficiently, reducing manual effort and improving accuracy.
What are the benefits of an Automated Dispute Resolution Software?
An Automated Dispute Resolution Software helps in improving the Net Recovery Rate & increasing deductions analyst efficiency by speeding up the research & resolution of deductions using deductions validity predictor & reason code auto-matching.
How does the HighRadius Dispute Management Software predict whether a deduction is valid or invalid?
The Deductions Validity Predictor uses AI algorithms that look at 100+ data points related to deductions and invoices to accurately predict the chances of a deduction being valid or invalid, allowing deduction analysts to prioritize recovering invalid deductions over spending too much time on the valid ones.
How does the HighRadius Dispute Management Software handle data security and privacy?
HighRadius Dispute Management Software prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. We use strong encryption and role-based access controls to protect your financial data, ensuring confidentiality and compliance.
Can HighRadius pull information on trade promotions and deals from ERPs too for Automatic Deduction resolution?
If you maintain all your trade promotions within your ERP system or RPA system, Highradius can pull all the relevant documentations and reason codes from there. So, you don't necessarily have to have a Trade Promotion Management System (TPM) for us to pull in all promotion-level documents.