Version 2017.2 Settlement Features

  • Integrated into standard NetSuite A/P and A/R screens
  • Manage A/R short-pays as deductions
    • Start deduction work-flow from short-paid invoices or credit memos
    • Partially resolve open balance with multiple resolutions, or
    • Split to manage each part independently
    • Use CSV files from your customer or EDI vendor to simplify processing of complex customer short-pays
  • Resolve deductions four ways:
    • Supports both promotional and non-promotional short-pays
    • 1-Match to promotions.  Spending automatically allocated to items based on actual sales.
    • 2-Match to NetSuite Credit Memo, i.e. damages.
    • 3-Small-balance write-off to a chart-of-account, i.e. misc expense.
    • 4-Dispute and invoice for repayment
  • Workflow specifically designed for TPM
    • Start on the deduction, match to a promotion
    • Start on a promotion, match to a deduction
  • Real-time Visibility to deal spending
    • Expected Liability, based on real-time data
    • Actual spending, including checks and deduction resolutions
    • Net Liability keeps track of what you owe by customer, by event and by item.
  • Best-practices controls and validations 
  • Attach notes and electronic documents & more
    • Leverage NetSuite's integrated communication features
    • Use NetSuite for email alerts, dashboard portlets, etc.
  • History and audit trail
    • Standard NetSuite documents changes

iTPM Settlement Benefits

  • Less time, fewer mouse clicks on short-pays during cash-application by A/R staff
  • More accurate NetSuite A/R aging without deal short-pays
  • Easier identification and repay of invalid deductions
  • Helps prevent double-dipping
  • More accurate P&Ls with historical deal spending allocated by item

  • Net and Expected deal liability by allowance and event
  • Data to support more accurate accruals