Identifying and processing vendor deductions can be a complex, manual process. The variety of business 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.
Whether your organization calls them chargebacks, compliance, deductions, expense offsets, or penalties, OpenText Deduction Management can help transform your vendor compliance management process. For retailers, increasing compliance and communication with vendors can be more important than increasing the revenue from deductions and OpenText Deduction Management can help you achieve this objective.
OpenText Deduction Management provides an end-to-end solution to help accelerate every step of the process in your vendor compliance program. Also, by simplifying your program you have an opportunity to better communicate and collaborate with your vendors and to increase vendor compliance.
Identification of deductions
Reduce time to capture deductions with Mobile Deduction Capture, a mobile entry system optimized for Apple® iPad mini™
Internal review of subjective deductions
Ensure accuracy and consistency in deductions with an integrated workflow
Supplier assessment and notification
Recover offset expenses from costly data-based and shipping errors immediately
Supplier opportunity to research and dispute
Improve communications and supplier relationships through more collaborative dispute management
Examine issues in a single place to better collaborate with suppliers on disputes and improve their overall performance
Overall visibility for trends and reporting tools
Quickly identify problematic processes and suppliers with the ability to research and drilldown using our dynamic visibility tools
Download the solution overview to learn more:
Mobile Deduction Capture, Optimized for Apple® iPad mini™
“We went from a three-month turnaround of correspondence with suppliers to 72 hours with Active Intelligence.” — Ken Lettre, Vice President of Compliance and Vendor Relations, Stage Stores