Implement Deduction Management!
Posted on: December 31, 2018 | By: Andy Vitullo | QAD Financials
QAD’s Enterprise Edition Financials has a robust Accounts Receivable Deduction Management tool. If your customers typically take deductions on their payment remittances, Deduction Managment will enable your Accounts Receivable team to better manage these payment issues.
Customers typically take deductions because they believe they are entitled to the deductions. These deductions can be a result of the following:
- Discounts are taken outside the discount window.
- Product Quality issue have resulted in a concession.
- Credit Taken before credit memo has been issued.
Deduction Managment allows your AR Team to; automatically write off sundry deduction amounts, classify deductions to specific deduction categories, complete root cause analysis of the deduction and finally achieve disposition of the deduction either for final write off or collection.
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