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Automate Retail Pharmacy Deductions with iNymbus: Save Time and Money

Empower your business with our automated deduction management software, tailored to streamline dispute resolution.

CVS Retail Pharmacy Deductions
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Deduction Trends Analysis

Improved Trend Analysis for Informed Decision-Making

Gain valuable insights into deduction trends, empowering proactive decision-making and future-proofing your operations.

Visualize and understand deduction trends effortlessly.
Utilize trend data to make informed, forward-thinking decisions.
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Accelerated Processing for CVS Deductions

Our advanced software significantly accelerates the processing of CVS Pharmacy deductions, leading to faster dispute resolutions.

Up to 30x faster processing with precision.
Improve cash flow with faster processing times.
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Faster Dispute Resolutions
CVS Vendor Portal | iNymbus

Optimized Automation on CVS’s Vendor Portal

Our system interfaces seamlessly with CVS's vendor portal, automating deduction claims and resolutions to optimize your reconciliation process.

Auto-resolve CVS deduction claims quickly.
Simplify your CVS reconciling tasks effortlessly.
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How does it work?

With seamless integrations and little to no IT involvement required, you'll see the impact of iNymbus in days.

Identifying Deductions

Our advanced software automates claim identification, efficiently scanning new claims through smart algorithms. It eliminates manual sifting, saving time and resources, while also extracting and verifying relevant documents from various sources for utmost accuracy.

Identifying Deductions

Determining Claim Validity

Upon identification, each claim seamlessly transitions into a classification process aimed at determining its validity. Our  software employs a set of Standard Operating Procedures (SOPs) to systematically assess every aspect of the claim, leaving no detail unchecked. 

Determining Claim Validity

Initiating Auto Dispute

Following the identification and classification of a claim, our system seamlessly initiates an automated dispute process. Utilizing the information extracted and verified earlier, iNymbus automatically disputes claims on the Retailer's Platform.

Initiating Auto Dispute

Reconciliation Payments

After a claim has been disputed, our software facilitates the tracking of its status until the point of payment. This feature allows users to stay informed about whether the claim has been fully paid or if it remains partially paid, ensuring comprehensive reconciliation of payments.

Reconciliation Payments

Frequently Asked Questions (FAQs)

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How are Deductions handled?

Deductions are handled through a systematic process. First, the software auto-detects deductions, identifying and capturing them. Then, the deductions are categorized based on their nature or reason. After categorization, the relevant documents associated with each deduction are fetched and uploaded to the retailer portal for further processing.

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What type of savings can you expect after iNymbus?

After implementing iNymbus's deduction management software, companies can expect notable savings. This is because iNymbus's robots work at speeds that are 30 times faster than human beings. The automation capabilities of the robots allow for the resolution, dispute, and submission of thousands of claims per day. The actual savings will depend on the volume of claims in your company.

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What has iNymbus’s Success Rate been with Disputable Claims?

iNymbus has achieved a success rate of 89% with disputable claims. This means that the company has been able to successfully resolve a large majority of claims that are subject to dispute.

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How are Deductions tracked?

(changes required) Deductions are tracked using iNymbus's software. The software can identify which stage of the claim process each deduction is in. It provides a status update on the DX portal, allowing users to keep track of the progress and status of their deductions. This tracking feature helps to streamline and manage the deduction resolution process more effectively.

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What do the 'Non-Disputable deductions' look like?

Non-disputable deductions typically refer to valid deductions that are operationally related. These deductions can include situations such as incorrect pricing, late deliveries, or damaged products. iNymbus's technology is designed to identify and handle these types of deductions efficiently.

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What has iNymbus’s solution been for Non-Disputable Claims?

With non-disputable claims, iNymbus has seen a significant reduction of 70% within a span of 3-4 months. This reduction stems from data-backed operational improvements.

Unlocking Success Stories

The next success story could be yours.

Retailers

Tackle deductions from retailers of all sizes.

20+

Retailers

80%

Reduction

30x

Faster

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