Validate whether the discounts taken by customers are earned or unearned based on payment terms or trade promotions
Identify the reason for short-payment such as trade promotions, early payment discounts, or disputed goods and services without requiring any manual research by analysts
Map external reason codes provided by customers with internal ERP-specific reason codes, enabling faster dispute resolution by analysts
Automatically split a combined short-payment into multiple different child reason codes or consolidate multiple similar short-payments into a single parent reason code
The solution captures deduction information from remittance sent by customers with the help of an AI-enabled remittance parser engine and extracts customer master information such as trade promotion management, payment terms, and invoice details from the ERP.
The system identifies whether a particular short-payment taken by a customer is eligible for a discount based on the trade promotions or payment terms information.
The calculation for short payment or over payment is made, based on the calculated eligible discount.
The deductions taken by customers are categorized based on patterns or customer sent reason codes.
The short payments, over payments, and customer deductions are reason-coded in a way analysts and ERP understand for posting.