The AI Advantage In Deductions Processing
November 24, 2022 @ 8:00 am - 8:30 am
Join our 30-minute virtual Emagia MasterClass to learn how Artificial Intelligence (AI) can reduce manual work in deductions processing by over 80%. Deductions processing is a necessity but is also a low value activity. Over 95% of deductions are valid, resulting in issuing a credit to clear them from the accounts receivable ledger. The invalid deductions are difficult to collect from customers. A CFO’s reaction to this process is usually, “I don’t want to hire 6 people to issue credit memos”. However, if invalid deductions are not challenged, they will increase in frequency and value, significantly reducing gross profit margins.
The solution is to research and resolve deductions of significant value in a fast and efficient manner. AI is the key to achieving this solution.
Our focus will be on the elements of deduction resolution that can be automated with AI. Learn from our order-to-cash expert, John Salek about how AI automates:
- Obtaining required information about a deduction (amount, reason) from multiple sources (vendor portals, remit advice, debit memos, emails, etc)
- Routing the deductions to the designated Resolver via a full featured Workflow
- Auto matching of deductions and their credits
- Tracking and Monitoring
- Root Cause Analytics
We will also review the productivity and gross profit benefits available and a Customer Success Story. Attendees will increase their knowledge on how to deliver these benefits to their organizations.
Who should attend: CFO’s, Directors of Shared Services, Global OTC Process Owners, Treasurers, Credit & Collections Managers, Collectors
Date: November 24, 2022 | Time: 8:00 AM PST
Digital World-class O2C Leaders Succeed with Emagia
Emagia is the leading provider of autonomous finance platforms for Order-to-Cash operations in global enterprises. Its AI-powered end-to-end O2C platform, featuring the world’s leading pre-trained AI copilot Gia, has transformed numerous order-to-cash shared service centers and global business services into high-efficiency digital operations. Emagia’s platform has processed over $900 billion in accounts receivables across 90 countries and 25 languages.
Emagia’s mission is to empower finance executives and organizations to realize their full potential in an increasingly digital age by driving exponential efficiency and unlocking strategic advantage. Based in Silicon Valley, the company has earned recognition among the world’s top fintech companies by CNBC and as an “innovator” in the Gartner Magic Quadrant. Emagia CEO and Founder Veena Gundavelli has also been recognized as one of Technology Innovators Magazine’s Top AI CEOs and as “Innovator of the Year” at the Women in IT Awards USA.
Digital World-class O2C Leaders Succeed with Emagia
Recognized by Leading Analysts in Digital Order-to-Cash
