Automated Expert Deduction Management Services from Smyyth
Enhancing your Accounts Receivable (A/R) Deduction Management is crucial for maintaining healthy cash flow and profitability. Smyyth's Deduction Management Services offer a strategic, co-sourced approach that seamlessly integrates with your team to handle critical functions throughout the deduction management process, delivering increased efficiency and reduced revenue leakage.
Why Choose Smyyth's Deduction Management Services?
- Guaranteed Deduction Recovery Results: Deductions and compliance chargebacks represent revenue dilution of 5% to 10%. Our deduction teams will ensure errors do not slip by, and excessive deductions are recovered, and root causes identified to reduce future profit losses.
- Expertise and Experience: With decades of experience in accounts receivable management, Smyyth combines industry expertise with advanced technology to streamline A/R processes, resulting in improved cash flow and customer service.
- Advanced Technology Integration: Utilizing the Carixa Cloud Suite, Smyyth's services unlock working capital and reduce delinquencies, bad debts, and profit dilution from customer deductions. Carixa's autonomous operations enhance efficiency, leading to unmatched revenue cycle optimization.
- Customized Solutions: Smyyth's modular components enable the configuration of an A/R solution that can work seamlessly with any platform or system you choose, tailoring the approach to best support your unique requirements.
Deduction Management Solutions
- Streamlined Deduction Resolution: Automates and manages deductions for trade promotion deals, cash discounts, shipping dates, billing errors, shortages, pricing differences, and shipping damage, accelerating customer deduction resolution.
- Recovery of Invalid Deductions: Identifies and recovers customer deductions taken in error, ensuring that your business does not suffer from unnecessary revenue loss.
- Root Cause Analysis: Provides management reports that address the root causes of preventable deductions and chronic profit leakage, enabling you to implement improvements to reduce future deductions.
Other A/R Management Services to Augment Your A/R Team
Cash Application
We use Carixa software to achieve a 99.9% completion-match rate, reconciling remittances from all sources to invoices, credits, and deductions.
Collections
Our team provides invoice collection management services at any point in the revenue cycle. We solve your disputes, recapture your deductions, and improve your cash flow.
Consulting
We can recommend ways to shorten your Order-to-Cash cycle, reduce accounts receivable turnover and revenue leakage, and increase profitability and cash flow.
Credit
Our custom credit management services give you access to our professional credit staff to administer your credit functions, monitor exposures, and suggest credit lines.