Deductions Cloud

What is Deductions Cloud?

HighRadius Deductions Cloud automates backup retrieval, predicts deductions validity and speeds up deductions resolution with structured workflows thereby lowering write-offs.

HighRadius Deductions Cloud automates backup retrieval, predicts deductions validity and speeds up deductions resolution with structured workflows thereby lowering write-offs. It supports deduction management by providing:

A robust Claims and POD Automation Engine to automatically download and capture information from all back-up documents.
A structured workflow and collaboration engine for streamlined communication with customer service, warehouse and sales teams for faster deductions resolution.
An automatic customer correspondence engine for faster customer collaboration.
The ability to create deductions during cash application even when the customer doesn't supply a claim document.
The capability to auto-match and resolve all trade deductions while easily integrating with most of the Trade Promotion Management Systems.
An automatic web push engine to automatically upload denial forms and packages to customer portals and websites.

It also leverages machine learning algorithms driven artificial intelligence to predict the validity of deductions using the Rivana Artificial Intelligence platform to eliminate time lost working on valid deductions. The machine learning algorithm has been trained on more than $30B of deductions from real-world A/R data.

By leveraging invalid deductions prediction, A/R teams will now be able to control inaccurate write-offs, improve net recovery rate, and also perform root-cause analysis to prevent deductions at the source.

Compare Deductions Cloud

Deductions Cloud Awards

Deductions Cloud currently scores 87/100 in the Accounting category. This is based on user satisfaction (86/100), press buzz (46/100), recent user trends (rising), and other relevant information on Deductions Cloud gathered from around the web.

The score for this software has improved over the past month. What is this?

www.highradius.com

Accounting Market Radar

Deductions Cloud Product Overview

Languages Supported: English, French, Spanish, Portuguese, German

Accounting Software Buyer Guide 2024

Product recommendations, vendor rankings, market overview and tips on how to select Accounting software for business. Published in April 2024.

Accounting is among the most crucial tasks a business has to perform. Accounting requirements vary from basic, such as crediting and debiting accounts, to advanced, such as generating income statements and balance sheets. Accounting software solutions autom...

FREE DOWNLOAD Accounting-Software-Buyer-Guide-2018.pdf

Deductions Cloud Features

2-Factor Authentication
A/B Testing
Accounts Payable
Accounts Receivable
Analytics
API
Balance Sheet
Billing/Invoicing
Budgeting
Calendar Management
Contact Management
CRM Integration
Customer Management
Dashboard
Data Export
Data Import
Data Visualization
Expense Tracking
External Integrations
Forecasting
General Account Ledger
Inventory Tracking
Multi-Account
Multi-Currency
Multi-User
Notifications
P&L
Payment Processor
Payroll
Scheduling
SEO
Supplier Management
Tax Management
Third-Party Plugins/Add-Ons
BitCoin
PayPal
Stripe
SAP Integration

Deductions Cloud FAQs

What are some applications Deductions Cloud is commonly used in tandem with?

The HighRadius Deduction cloud is used in conjunction with HighRadius Cash Application and Collections Cloud software. The cash application software automatically identifies deductions during cash posting and creates a deduction line item in the deduction management solution. Similarly, past-due invalid deductions are automatically captured by the collections solution for the collectors to follow up and collect.

It integrates with CRM, ERPs and other trade promotion management systems to ensure the validity of data across different systems.

What is Deductions Cloud generally used for?

Automatically settle all trade deductions
Predict the validity of the deduction before the analyst starts working on it
Automatically capture all claims and POD documents from emails, portals/websites, and paper remittances
Automatically research and resolve pricing, returns, and shortage deductions using variance analysis
Streamline and fasten deductions resolution process through structured and hierarchical workflows based on deduction types and value
Automatically upload denial form packages into customer portals/ websites

Does Deductions Cloud integrate with any other apps?

Logistics applications, Third party websites and portals

Does Deductions Cloud offer an API?

Yes

Does Deductions Cloud offer guides, tutorials and or customer support?

Yes

What platforms does Deductions Cloud support?

The HighRadius Deduction Cloud integrates with all major ERPs like SAP, Oracle, Microsoft Dynamics Trade Promotion Management (TPM) systems including Vistex, SAP, Accenture CAS, and other common CRMs.

Does Deductions Cloud offer multi-user capability (e.g. teams)?

Yes. This software provides the ability to change the owner of a deduction (analyst responsible to work on the deduction) based on unique requirements.