The Belmero Supplier Credits/Returns Managed Service greatly benefits both Supply Chain and Finance, protecting your bottom line and making sure you aren’t losing money on outstanding Supplier Credits. We’ve been talking about some of the benefits over the last few blog posts, and showing some of the dashboards users have access to.
Today, let’s look at some of the finer details of the ROI you can expect from this service… We even have an ROI Calculator for estimated cost savings.
Here are some of the ways you can expect to see ROI:
1. Largest: Financial Leakage
- Most organizations are not receiving the credits they should be, and for some industries, this can be millions of dollars per year!
- All returns are accurately processed! Nothing falls through the cracks, and automation ensures nothing is forgotten about.
- AP realizes all credits from Suppliers! Nothing goes missing or is unprocessed.
2. Increased Amount of Returns
- Some organizations have seen their total credit amounts double through using our service. This is due to many factors, including our standard operating procedures, central management group, and artificial intelligence-assisted governance.
- Using our process provides confidence that credits will be received.
3. Restocking Fee Cost Savings
- Our team diligently ensures you’re only paying the restocking fees you should be. We do this every time we process a return.
- We work on your behalf to reduce restocking fees whenever possible, leading to further cost savings and ROI.
4. Labor Cost Savings
- Our team takes care of the entire process – so your teams no longer have to.
- We receive the request for return, verify the information, contact the vendor, obtain vendor authorization, provide detailed return instructions to the requester, work with the inventory team if necessary, complete the data entry in your ERP, and automate the integration of the credit into accounts payable – ensuring every return for credit is processed and benefits the bottom line!
- Purchasing Labor Savings
- Payables Labor Savings
The ROI achievable through our Supplier Credits/Returns Managed Service comes from multiple areas of your organization – from saving costs and time, to securing missed funds and credits, to identifying gaps in processes that could be costing you millions.
To learn more about Belmero services, or to ask any questions you may have, feel free to contact us at any time! To learn more about how it can work for you, click here for more info, email us at firstname.lastname@example.org, or call us toll-free at 855-BELMERO!
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