Unlike fine wine, Deductions do not grow better with age...
How big of a problem are Disputes, Short-Pays, Deductions and Unearned-Discounts for American businesses today? Using Credit Research Foundation (CRF) Survey results, Deductions negatively impact Accounts Receivables (A/R) somewhere between 1% and 5%. Without accurate and easily retrievable data, there is often a great deal of confusion and conflicting information related to how Deductions are processed and treated. The whole process is viewed as a distracting cost-of-doing-business rather than an indicator of what is developing at the individual account level, or rolled up to the global parent level to give a single source of your Client Transactional Truth. Download this whitepaper to learn how you can make significant improvements with how you manage your Deductions and Disputes.
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