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The AI Advantage In Deductions Processing

November 19 @ 10:00 am - 10:30 am

Free
the ai advantage in deductions processing

EMAGIA MASTERCLASS

The AI Advantage In Deductions Processing

Date & Time: November 19, 2020 | 10:00 AM PST

This session was presented on November 19, 2020. Access the recording and master class materials now. Watch now

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:

  1. Obtaining required information about a deduction (amount, reason) from multiple sources (vendor portals, remit advice, debit memos, emails, etc)
  2. Routing the deductions to the designated resolver via a full featured workflow
  3. Auto matching of deductions and their credits
  4. Tracking and monitoring
  5. 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.

SPEAKER

  • John G Salek
    Strategic AR Advisor, SME
    Emagia

Date: November 19, 2020

Time: 10:00 AM PST

Details

Date:
November 19
Time:
10:00 am - 10:30 am
Cost:
Free
Website:
https://www.emagia.com/

Organizer

Emagia Coporation
Phone:
408-654-6575
Email:
info@emagia.com
Website:
https://www.emagia.com

Venue

Emagia Corporation
4701 Patrick Henry Dr.
California City, CA 95054 United States
+ Google Map
Phone:
4086546575
Website:
https://www.emagia.com