Product Update: An Updated Deductions Dashboard to Streamline Deduction Management

You know what gets us going everyday at Vividly? Numbers.

We love data and we know you do too.

That’s why we’re particularly excited to announce the launch of a series of new dashboards that will give you unparalleled visibility and control over key aspects of your business.

Introducing our new and improved —

An Updated DRM Dashboard

The improved DRM dashboard is packed with powerful insights designed to streamline your deduction management process like never before.

Overview

Current Snapshot

Key Drivers

Month over Month

Let's explore how each aspect of our new dashboard brings value to your business:

Deduction Days Outstanding (DDO)

Tracking the age of open deductions helps identify bottlenecks in the reconciliation process, allowing you to improve turnaround time and ensure timely accrual management.

Result: Helps improve deduction turnaround time

Open Deduction Aging by Customer

Analyzing aging trends by customer enables you to pinpoint areas for reconciliation efficiency, improvements, or gaps in sales planning processes, ultimately enhancing customer relationships and financial performance.

Result: Helps you easily identify trends and opportunities.

Open Deduction Aging by Promotion/Fund Type

Being able to quickly identify variations in aging trends among different promotion/fund types will help you make strategic adjustments or process enhancements as required, facilitating constant improvement and proactive decision-making.

Result: Helps drives strategic shifts as required

Number of Invoice Lines in Sales Review and Dispute by Days Aged

Understanding the volume and aging of inaccurate or unplanned trade spending highlights areas for improvement, allowing for heightened communication and targeted dispute resolution efforts.

Result: Enhances process efficiency

Total Original Amount vs Total Open Balance

Comparing the share of outstanding deductions vs. total deductions received enables you to assess your team’s performance by highlighting areas of opportunity.

Result: Improves visibility into the performance of your trade strategy

Open Balances by Status: 'New', 'Pending', 'Needs Attention'

Categorizing open balances by status and reason offers deeper insights into deduction statuses, guiding action, and prioritization for resolution.

Result: Helps you understand the ‘why’ behind your open balances

List of Largest Open Deductions

This features organizes your open deductions in order of the deductions with the largest impact, so you can address the most pressing issues first.

Result: Enables more proactive decision making

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With our enhanced deduction management dashboard, you can take greater control of your reconciliation process, optimize efficiency, and drive financial success.