Deduction Management

Identifying and processing vendor deductions can be a complex, manual process. The variety of trading partner connections, data complexity, and frequency of change makes it nearly impossible for your company to capture every deduction opportunity. Many retailers identify and capture only 60% of possible deductions and are unable to recover the costs incurred from these transaction errors.

GXS Deduction Management automates your vendor deduction program. It triggers compliance items, associates them with root-cause data, and tracks issues through to resolution. It also provides scorecarding to view all of the non-financial metrics.

Now you can:

• Model your exact compliance guide and integrate specific business rules for deduction amounts
• Trigger and track deduction items, with drill-down access to root-cause data
• Collaborate with partners by viewing shared transaction data, shortening research and negotiation processes
• Create and distribute dashboards and reports to team members
• Track and compare metrics across product categories and business processes:
  • Create and distribute vendor scorecards and highlight performance by compliance category, merchant category or process type
  • Gain visibility to chronically poor performance partners and understand root cases with drill-down access
  • Create and manage improvement programs with remediation—automated tasks and emails, along with tracking, work lists and dashboards