Deductions Not Taken / Supplier Credits are the #1 Over Payment issue according to Accounts Payable Audits. Accounts Payable Recovery and a Post Payment Audit are reactive (after the fact) and are much more costly to recover and collect what Suppliers owe you. For larger organizations this can amount to 1 million or more each year! You can proactively and much more cost effectively address this with Belmero's Supplier Returns-Credits Managed Service. For more information or if you're not familiar with Supplier Return/Return To Vendor issues please request additional information below.
Belmero's Supplier Returns Managed Service (aka Return To Vendor) is for all ERPs including PeopleSoft, Oracle Cloud, Workday, SAP, Lawson and other ERP systems. The primary objectives are to help organizations:
1. Stop financial leakage! Proactively resolve this issue and see a 100% to 400+% ROI Each Year!
2. We do All of the work!...we provide the People, Process, Technology & Governance
3. Credit processing automation with AI assisted governance to streamline processing and increase accuracy and confidence.
4. Receive and apply credits within days! Those funds are quickly available to your budgets and improve your bottom line
5. BI Analytics that will help provide valuable insights into Returns/Credits, help optimize Supplier Return Performance Reviews and improve internal Spend analysis
PeopleSoft, Oracle Cloud, Workday, SAP, Lawson, Accounts Payable Recovery
PeopleSoft, Oracle Cloud, Workday, SAP, Lawson, Accounts Payable Recovery solved with Belmero's
Supplier Returns Managed Service
Accounts Payable Audit and Post Payment Audit results show supplier credits are the #1 over payment method! Stop the financial leakage! Not only is an Accounts Payable Audit and Post Payment Audit the most costly and ineffective method to identify your missing supplier deductions/credits but it means you're leaving money on the supplier's table. Call us today to find out how we can stop the financial leakage and provide a great ROI!!
Belmero's proprietary Supplier Returns Managed Service (aka Return To Vendor (RTV)) removes the headaches, complexities and most importantly helps you receive All of the credits that suppliers owe you!
Accounts Payable Audit and a Post Payment Audit are costly and unnecessary to obtain your supplier credits! Whether you're using PeopleSoft, Oracle Cloud, Workday, SAP, Lawson or another ERP our Service is for you! Below are a few additional benefits of this service.
Standard Return process across the organization
Belmero provides a standard end to end process so the process is consistent and streamlined
Central Group Managing All Returns
Belmero RTV team provides a central group to oversee and manage returns. Returns are their #1 priority
End to End Visibility on Returns and what Vendors owe
Belmero processes and technology provide end to end visibility so you know what vendors owe you
Data Accuracy of Return Information
Belmero's team is incredibly detailed oriented and knows how important accuracy is
Eliminate Training & Re-Training Staff to Process Returns
Eliminate all of the time and expense in training & re-training your employees
Confirm all Credits/Deductions make it to Payables
Belmero's processes have controls in place to make sure that all entered credits make it to AP
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Any ERP!
PeopleSoft, Oracle Cloud, Workday, SAP, Lawson, Accounts Payable Recovery
"In one year alone we were losing approx $450K. That doesn't include all of the time we spent researching credits, retraining personnel and fixing entry errors."Sandy, Director of Supply Chain
