Empower your business with our automated deduction management software, tailored to streamline dispute resolution.
Optimize resolution processes with end-to-end automation for seamless claims management, integrating seamlessly with Home Depot systems.
Significantly cut costs with streamlined operations.
Automate workflows within The Home Depot’s systems.
Ensure not a single deduction falls through the cracks with our robust tracking system that follows through until the final reconciliation of payments
Persistent tracking from detection to payment.
Leverage detailed analytics for informed financial decisions.
Delve deeper into deduction causes with advanced data analytics, leading to a comprehensive root cause analysis that helps in reducing future occurrences of similar issues.
Analyze data for pinpointing deduction causes.
Use insights for reducing future deduction issues.
1. Identifying Deductions
2. Determining Claim Validity
3. Initiating Auto Dispute
4. Reconciliation Payments
Our advanced software automates Home Depot 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.
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.
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 Supplier's Hub.
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.
Frequently Asked Questions (FAQs)
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.
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.
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.
(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.
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.
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.
The next success story could be yours.
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. Discover how this organization achieved such remarkable results.
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Tackle deductions from retailers of all sizes.
