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Increasing Claims Volume
Manufacturers and distributors in the consumer packaged goods industry are grappling with a rising tide of claims from retailers and shippers.
Retailer Sophistication
Retailers have become more automated and sophisticated, enabling them to initiate a barrage of claims at a rapid pace.
Diverse Claim Types
These claims include shortages, chargebacks, returns, and pricing discrepancies, creating a multifaceted challenge.
Administrative Burden
Dealing with these claims manually results in massive paperwork and processing challenges.
Automation of Accounts Receivable
iNymbus offers a comprehensive solution for manufacturers, suppliers, and distributors. It automates the handling of retailer and shipper claims.
Cloud Robotics
iNymbus harnesses the capabilities of cloud-based robotic process automation (RPA) to optimize the entire claims processing workflow.
Retailer Portal Integration
Our system seamlessly interacts with retailer portals, automating the extraction and organization of necessary claims documentation.
Efficient Claim Packaging
iNymbus ensures that all required paperwork is complete and accurate, efficiently packaging these claims.
Vendor Portal Integration
The platform then automatically uploads these well-prepared claim packets to vendor portals.
Streamlined Process
By eliminating manual handling, iNymbus simplifies the claims processing journey, allowing businesses to recover their hard-earned revenue efficiently.
Automated Document Retrieval
iNymbus excels in automatically retrieving all claim documentation, whether it's stored in a portal, communicated via EDI, or resides within emails.
Organize
Effortlessly organize all claim documentation in a manner that aligns perfectly with audit or retailer specifications, ensuring enhanced efficiency.
Upload
Efficiently upload denied claim packets to vendor portals or transmit them through automated emails, faxes, or even traditional print and mail methods.
Dispute
iNymbus automates dispute resolution—uploads organized claim docs to retailers, auto-fills required descriptions for seamless efficiency.
Automated Document Retrieval
Auto Deduction Management
Data-Driven Decision-Making
Clear Financial Transactions
Centralized Deduction Hub
Access critical documents effortlessly as our solution supports and automatically retrieves important documents such as invoices and bills of lading. This feature eliminates manual document retrieval, reduces errors, and ensures seamless access to key information for efficient deduction management.
With end-to-end automation, our solution streamlines the entire deduction management process, enabling efficient handling of tasks such as claim initiation, validation, and resolution. This automation reduces manual intervention, ensures process consistency, and enhances overall operational efficiency.
Leverage our advanced data analysis capabilities to gain effective KPIs, visual charts, and detailed reports, providing valuable insights for informed decision-making. By understanding patterns, trends, and exceptions, you can conduct root cause analysis and prevent deduction from happening in the first place.
Our platform allows you to reconcile payments, providing visibility into whether the received payments are full or partial. This feature enhances financial transparency, assists in identifying discrepancies, and ensures accurate tracking of payment statuses for improved financial control.
Our centralized platform provides a unified view of deductions from all retailers, offering a seamless experience for monitoring and managing deductions in one place. This simplifies the process, enhances visibility, and streamlines the resolution of all deduction-related issues.
We shed a light on our work and what goes behind the development.
A wireless accessories distributor overcame chargeback challenges from retailers like Target and Best Buy with iNymbus cloud robotic automation. The system streamlined document management, reducing manual efforts and leading to significant time and cost savings. iNymbus transformed the chargeback process, enhancing workplace efficiency and enabling strategic resource allocation.
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Warner Bros. faced a significant challenge with their manual claim upload process. It was not only time-consuming, but also expensive, costing them $5 per claim. However, with the implementation of an automated system, they were able to overcome these challenges and reduce the cost to just $1 per claim. Not only did this streamlined process cut processing times, but it also eliminated the need for yearly training hours.
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iNymbus aided a movie and game distributor in resolving deduction challenges with big-box retailers, notably Walmart. Using Robotic Process Automation (RPA), the distributor streamlined processes, reduced manual efforts, and increased net profit. The solution not only addressed Walmart deductions but also set the stage for handling other challenging retailers.
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iNymbus transformed a retail giant's deduction management, reducing resolution time from weeks to minutes, cutting direct costs by 94%, and optimizing staff allocation. The automation streamlined processes, providing visibility across retailers and enabling root cause analysis. The iNymbus dashboard enhanced reporting and eliminated errors, turning a once tedious task into a hands-free, efficient operation.
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Tackle deductions from retailers of all sizes.
