Lily’s Sweets Signs Up for Cresicor Deductions Processing
Cresicor announces the commercial launch of the Consumer Packaged Goods industry’s first-ever deductions matching service for trade promotions.
With this new service Cresicor’s customers optically scan deductions data from retailers and distributors, then automatically match the data to trade promotions. This service streamlines a process which had previously been a very time-consuming and error-prone manual process for our customers. The automated system reduces the time and personnel required for data entry and analysis, increases accuracy, and quickly identifies invalid deductions. Cresicor’s customers save time, reduce cost, and increase cash flow by identifying invalid deductions.
“At Lily’s Sweets, we are constantly working towards tightening our trade accrual. We have been utilizing Cresicor for two years now, and it has provided solutions to many of our process gaps.” says Lonna Borden, the CFO of Lily’s Sweets. “Cresicor’s Deductions Matching Module has cut in half the amount of time needed to process deductions and has provided insight into adjusting our forecasting assumptions, whether it be the contract rate or volume. Additionally, this module helps expose invalid deductions that we never planned for, and thus we can much more easily discover and dispute invalid chargebacks from large distributors in the food space.”
About Lily’s Sweets
Headquartered in Boulder, CO, Lily’s Sweets, LLC. is a high growth snack food company focused on developing and marketing products that appeal to consumers’ growing preference for Better-For-You (BFY) snacks. Lily’s Sweets embodies this BFY mission and has amassed a loyal customer base across a wide range of food distribution channels in the United States and Canada. For additional information, please visit: www.lilys.com
About Cresicor
Cresicor is a cloud-based software platform built by CPG for CPG. Its powerful data analytics engine allows one to understand the world of trade management for indirect-heavy businesses. Please reach out to us at https://cresicor.ai, or email us at hello@cresicor.com. We would love to hear from you!
