Automating Deductions Processing

Remember those New Years resolutions you made that have already faded into the background of daily life? Don’t be so hard on yourself! There are always so many different responsibilities and tasks to juggle, it can be hard to follow through on implementing positive change. Especially when you get back into the office and see piles of files and emails to sift through and catch up on! For those of us that help manage the trade and deductions process, it probably feels like you’re living back in 2019 again as the customer deduction back-up for Q4 promotions continue to flood your inbox (not to mention those pesky 6+ month old deductions that come out of nowhere!) Now you have to track down if the expense is even valid with no idea where to start.

Stacks and stacks of PDF and Excel copies, sometimes blurred and hard to read, are in disarray. You’re sitting there, frustrated and shaken, asking yourself “How did things get to be such a mess? How is it 2020 and we still have to manually sift through so much inconsistent information?!?! Isn’t there a better way?”

There is! Cresicor has developed a new service to not only break down those complex and frustrating forms of backups into standardized and pivotable excel files but also automate the deduction validation process for chargebacks from natural foods distributors. This will free you from days and weeks of paper shuffling and coffee-fueled rampages, allowing you more time to uncover and successfully dispute unauthorized deductions, get back to solving the larger issues at hand, and in turn provide a more accurate and efficient trade process entirely.

Here at Cresicor, we know about this time sink and major pain points that our clients face on a daily basis. That is why we have built out a system that automatically scans deductions backup files into Excel format, saving analysts many hours of manual transcription time. Once the backup file has been scanned, it can be uploaded and automatically matched against promotions that have been entered into our system. Our pilot tests with this new automated system have shown a reduction in deductions processing time to less than 25% of what it was before — an over 4x speedup!

If you are interested in learning more about our deductions processing system, and the massive efficiency boost it could give to your finance team, please reach out to us at https://cresicor.ai, or email us at hello@cresicor.com. We would love to hear from you!