Integrated Receivables Cloud Platform

Deductions Cloud

  • Reduce DDO by 50%
  • Fast-track Dispute Resolution
  • Automate Download of Claims and PODs
  • Recover 40% of Capital Previously Lost as Bad-Debt

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Deductions Cloud solutions diagram

Deductions Cloud Solutions

Proactive Deduction Management to Prevent Bottom-line Erosion

HighRadius Deductions Cloud provides automation of repetitive tasks, single-source-of-information by aggregating information from all documents at one place, and a common platform for cross-department and customer collaboration. It supports deduction management by providing:

Benefits

  • A robust Claims and POD Automation Engine to automatically download and capture information from all back-up documents.
  • A structured workflow and collaboration engine for streamlined inter-department communication and quick approval.
  • An automatic customer correspondence engine for faster customer collaboration.
  • The ability to create pre-deductions and automatically reconcile once short-payment arrives.
  • The capability to auto-match and resolve all trade deductions while easily integrating with most of the Trade Promotion Management Systems.
Fast and accurate deduction resolution results in dynamically reduced invalid deductions and low bad-debt write-offs thereby preventing bottom-line erosion.

Key Features

Automatic Trade Promotion Settlement

Seamlessly integrate with your Trade Promotion Management (TPM) systems including Vistex, SAP, Accenture CAS, and many more for automatic settlement and resolution of all trade related deductions.

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Structured Deduction Resolution, Collaboration, and Approval Workflows

Speed-up deduction resolution with customizable workflows for streamlined research and faster approval from internal and external stakeholders across A/R, sales, customer service, and broker teams.

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Automatic Deduction Correspondence

Automate generation and distribution of denial correspondence to customers along with all supporting documents as per individual customer requirements.

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Back-up Document Capture

Automate download and information capture for claim documents from emails, paper claims, customer websites and popular A/P networks and link these documents to open deductions using robotic process automation.

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Auto-Capture PODs, BOLs from Carrier Portals, and Emails

Automate collection, information capture, and collation for PODs and BoLs from carrier websites while linking them to corresponding open deductions.

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Automatically Push Data to Customer Portals

Automatically post denial correspondence to the customer web portals for easier notification and communication.

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The Future of Deductions Cloud is here

Real-time visibility on analyst productivity and deduction metrics

Gain end-to-end process visibility with out-of-the-box reports and dashboards to track team productivity and key deduction metrics including DDO, NRR, and Average Resolution Time. Receivables Analytics offers intuitive data visualization which helps you drill down into individual reports to identify bottlenecks or issues in the deductions process.

Deductions Cloud: AI-Edition Predict invalid deductions and improve the bottom-line

Predict the validity of deductions using the Rivana Artificial Intelligence platform to eliminate time lost working on valid deductions. The machine learning algorithm has been trained on more than $30B of deductions from real-world A/R data. By leveraging invalid deductions prediction, A/R teams will now be able to control inaccurate write-offs, improve net recovery rate, and also perform root-cause analysis to prevent deductions at the source.

Self-service collection of missing deduction back-up documents

Leverage the radiusOneTM network to automate the collection of claims and POD documents for deductions with missing backup information. Automatically send email correspondence for customers and carriers to upload backup documents to the radiusOneTM portal.

What our customers say

The Perfect Receivables Pitch for Over a Million Claims with 93% Ready-to-Clear Rate
50% Reduction in Deductions Write-offs and Streamlining Collections Management Process with Integrated Receivables
Reduction in Days Deductions Outstanding for Complex CPG Receivables Process

Colleen Zdrojewski

Vice President – Financial Services
Dr Pepper Snapple Group
With HighRadius, we have seen Financial Services costs decline by $2.5M while volume, quality and productivity increased.

Mike Pettyjohn

Head of Accounts Receivable, Finance Business Services
Danone
The HighRadius team is excellent and I am excited about our ongoing partnership using the Integrated Receivables platform.

Inga Occorso

Financial Manager, A/R Operations
McCormick
HighRadius has helped us integrate all these siloed systems and with each passing day we are seeing new benefits that we hadn’t even anticipated.

There's no time like the present

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Resources

EBOOK

Streamlining Deductions Operations: A Primer to Resolving Deductions 2x Faster
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DATASHEET

Datasheet : Deductions Cloud
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CASE STUDY

How Danone Automated Deductions Operations and Reduced DDO by 25 Days
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