SupplyPike Touts Deductions Solution for Target Suppliers
June 20, 2022
is providing the latest deductions solutions for suppliers in an
additional retail giant, Target. Deductions Navigator software solution
helps suppliers quickly and easily identify root-cause issues in their
supply chain and increase their recovery rate of invalid deductions by
up to 98%.
Target takes deductions from invoices much like other retailers. These
deductions are disputable and get paid back with the proper proof.
Disputing deductions is a common pain point for Target suppliers as
deductions are costly and often invalid, and fighting them is
time-consuming. The average time for Target to respond to disputes is 23
days. Because of these barriers, suppliers are losing significant
amounts of money to these deductions.
Our software product, Deductions Navigator, fights this problem by
providing suppliers with visibility, proof aggregation, and automated
disputing to put money back into their pockets. Suppliers can now spend
less time hunting for documentation to dispute invalid deductions. It
gives insight into how invoice deductions are affecting their business.
Deductions Navigator, suppliers can view their invoice deductions in a
clean and straightforward interface. The dashboard allows suppliers to
spot trends, search, filter, and sort deductions. Target suppliers can
see the complete picture of what happened behind each deduction by
providing data from POs, Invoices, Checks, Chargebacks, Cases, and more.
Deductions Navigator also provides users with retailer-specific
knowledge by providing what each deduction code means and how to prevent
and fight the deduction code. Finally, this software allows suppliers to
submit disputes with one click. Deductions Navigator makes a process
that usually takes hours down to seconds.
"I love the 1-click feature within Deductions Navigator because it
eliminates the hours suppliers spend researching chargebacks, finding
the right proof documents, and creating cases to request payback from
Target. It also ensures cases are created with the correct info,
increasing the likelihood for success," Eric Smith, Director of Product
at SupplyPike, states. "Now that Deductions Navigator supports Target,
even more suppliers will be able to recover the money they are owed and
improve their business."