AI that assists in the matching of deductions to promotions and terms.
Deductions are time consuming. But researchers have reported 17% of deductions are not valid. So, in addition to being correctly categorized in your general ledger, they have to be validated. One resource you can use in this process is information you have that can validate the timing, products, allowances/lump sum payments that you’ve planned for and approved. In BluePlanner TPM this can be a) Promotions, and b) Terms, or activities that capture spending for long term agreements or other contracted spending (e.g. slotting).
After deductions are imported and the backup document is acquired, BluePlanner AI goes to work*. The system has learned the format of hundreds of deduction backup documents your customers use (and is learning more every day). It looks for attributes of the charges you’ve received and compares that to the Promotions and Terms available in BluePlanner.
First, the most likely pool of candidates is identified. There are additional filters you can use to narrow down the list further. Then, BluePlanner gives the Promotions or Terms a “high,” “medium,” or “low” ranking that is determined using an algorithm developed by UpClear.
This matching process has three very important outcomes:
Use the time saved with this feature to do more. Assess and prioritize customers, identify trends, recover more invalid deductions, or work to prevent them in the first place!
*For retailers in the scope of the service
