Automating Deduction Management

[Audio] Welcome everyone. Today, I'm going to be talking about how HighRadius's Deduction Cloud can help to automate deduction management and enhance efficiency. We'll be discussing the different ways the solution can streamline the process of deduction management and how it can help enhance recovery rates. Let's get started!.

[Audio] Good morning. According to the statistics, Business to Business (B2B) processes, such as retrieving backup documentation for deductions and collections, are quite labor intensive and time consuming. Specialists must manually find, retrieve, and print debit memos for hundreds or thousands of deductions and then find the corresponding backup documentation from external sources, such as freight carrier websites. In this presentation, we will discuss how automated deduction management can help enhance efficiency with HighRadius Deductions Cloud..

[Audio] The HighRadius Deductions Cloud is the perfect solution for automating deduction management. It provides a proactive and efficient approach to streamlining the entire deduction process and resolving invoices in record time. It reduces processing costs and increases recovery rates on invalid deductions by allowing you to capture relevant deductions data from customers. Additionally, backup documentation such as PODs and BOLs are linked automatically to the corresponding deductions, thereby eliminating the need for manual research. With the HighRadius Deductions Cloud, you can increase efficiency and maximize recovery on deductions..

[Audio] HighRadius Deductions Cloud provides a comprehensive solution for businesses aiming to boost their efficiency in Accounts Receivables Collection Management and Discount and Dispute Settlement Systems. Automated and synchronized systems allow companies to effortlessly streamline their processes for a hassle-free Financial Supply Chain Management and improved cash flow..

[Audio] Claims and POD Automation provides a web aggregation engine to aid in managing deductions and collections. The engine can process paper submissions, emails, EDI or customer websites and can also automatically retrieve backup documentation from other websites. This automation is beneficial in improving efficiency and reducing costs..

[Audio] The HighRadius Deductions Cloud is a powerful automation tool for managing deductions. It simplifies the way companies monitor and stay up to date on deductions, backed by data aggregation and auto-attachment technology. By utilizing the document storage and document linking capabilities, businesses can easily store and reference their original documents, as well as collate same invoice numbers. It also enables customers to download personalized claims directly from their customer's portal, through the HR portal. All of this helps businesses save time and money, while enhancing efficiency with the HighRadius Deductions Cloud..

[Audio] HighRadius Deductions Cloud can help you save valuable time for your specialists, which would otherwise be spent on manual tasks. It can also decrease the Days Deduction Outstanding (DDO) and Days Sales Outstanding (DSO) by accelerating deduction research and payments. All of this allows for increased efficiency and faster growth, by optimizing the time and resources of your team..

[Audio] It is clear that automating the deduction process has potential to be very advantageous. It increases speed of deduction processing and customizes workflows, resulting in higher precision and freeing up of resources. Automation would significantly reduce manual labor and decrease the likelihood of mistakes, ultimately resulting in cost savings..

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