An efficient AR automation software should do more than just automate a few tasks. Here are the key features to look out for:
Automation of Deduction Process: The ability to automate capturing, categorizing, and resolving deductions can drastically reduce manual work.
Real-Time Visibility: Having real-time insights into the status of deductions helps teams prioritize disputes and manage their time better.
Support Multiple Retailer Platforms: You might be working with multiple trade partners and so its important for the software to support them all.
Advanced-Data Analytics: The ability to pull up advanced data reports and analyze trends, allowing CPG companies to pinpoint recurring issues and prevent future deductions.
Cost Savings and Efficiency: By automating the deduction process, companies can save up to 80-90% in costs and free up time to focus on more strategic tasks, leading to improved cash flow and faster resolution.
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