Overcoming the top 5 deduction management challenges

Specialty brands, including natural and organic companies, face unique challenges when it comes to managing deductions. These challenges can negatively impact efficiency and profitability if not addressed appropriately. This article explores the top five deductions management challenges faced by specialty brands and explains how TrewUp's platform can help overcome these obstacles to improve overall efficiency and profitability.

• Complexity of Deduction Types

  • Challenge: Specialty brands often face a wide range of deduction types, including promotional allowances, chargebacks, returns, and more. This complexity can make it difficult to accurately track, manage, and resolve deductions, leading to inefficiencies and increased disputes.

  • Solution: TrewUp's deductions management platform simplifies the process by automatically categorizing and organizing various deduction types. This feature allows brands to quickly identify the root cause of each deduction and take appropriate action, reducing the likelihood of disputes and improving overall efficiency.

• Manual Data Entry and Error-Prone Processes

  • Challenge: Manual data entry is time-consuming and prone to errors, which can lead to inaccuracies in deductions tracking and management. These inaccuracies can result in disputes, increased processing time, and potential financial losses.

  • Solution: TrewUp automates the data entry process by extracting and organizing deduction-related data from KeHE and UNFI, significantly reducing manual input and the potential for errors. This automation not only improves accuracy but also saves time, allowing teams to focus on higher-value tasks.

• Limited Visibility into Deductions Data

  • Challenge: Limited visibility into deductions data can hinder brands' ability to identify trends, address issues, and make informed decisions regarding their financial processes.

  • Solution: TrewUp's centralized dashboard offers real-time visibility into all deductions, providing a comprehensive overview of a brand's financial performance. This feature enables brands to quickly identify trends, pinpoint areas for improvement, and make data-driven decisions to enhance their overall efficiency and profitability.

• Inefficient Collaboration with Internal Stakeholders and Broker Partners

  • Challenge: Inefficient collaboration with internal stakeholders and broker partners can lead to disputes, delays, and potential financial losses. Specialty brands often face challenges in sharing accurate data and resolving disputes promptly with their internal stakeholders and broker partners.

  • Solution: TrewUp's platform offers a comprehensive solution by allowing brands to collaborate directly with their key stakeholders within the platform. The platform facilitates accurate data exchange, enhances communication channels, and streamlines collaboration by bringing all key stakeholders onto a single, centralized platform.

• Lack of Customizable Workflows

  • Challenge: Specialty brands often have unique deductions management processes that require customizable workflows to ensure seamless operations. However, many deductions management solutions do not offer this level of customization, leading to inefficiencies and frustration.

  • Solution: TrewUp allows brands to create customized workflows tailored to their specific needs and requirements. This flexibility ensures a seamless deductions management experience and enables brands to optimize their processes for maximum efficiency and profitability.

Specialty brands face numerous challenges in managing deductions, but with TrewUp's innovative deductions management platform, they can overcome these obstacles and improve their overall efficiency and profitability. By automating data entry, providing real-time visibility, offering seamless integrations, and enabling customizable workflows, TrewUp empowers specialty brands to take control of their deductions management processes and thrive in today's competitive market.