Version 19.1 Settlement and Deduction Features

  • Integrated into NetSuite A/P and A/R screens
    • Process the short-pay directly from your open invoice
    • Process the short-pay from your standard NetSuite credit memo
    • iTPM creates the appropriate financial transactions
  • Manage A/R partial payments 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 three ways:
    • Supports both promotional and non-promotional short-pays
    • 1-Match to promotions.  Spending automatically allocated to items based on actual sales.
    • 2-Expense.  Expense to a G/L-account, i.e. Damages.
    • 3-Dispute and return it to A/R for repayment
  • Time-saving features for deduction management
    • Reason-codes associated with G/L-account for quick resolutions
    • Bulk CSV import templates for split, expense, and settlements
    • Deduction Aging Report, dashboard reminders provide visibility
  • 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.
    • Settlements are allocated to items for more accurate historical P&Ls
    • Allocation can be based on shipments for direct customers
  • Best-practices controls and validations
    • Limit access based on NetSuite permissions & roles
    • Built-in workflow and NetSuite dashboard reminders & portlets.
  • Attach notes and electronic documents & more
    • Leverage NetSuite's integrated communication features
    • Use NetSuite for email alerts, dashboard portlets, etc.
  • Event-based Accrual log
    • Updated daily by customer, item, and event
    • Used to 'true-up' your live accrual
  • 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
  • Event accrual log helps 'true-up' your live accruals