Automation in sales order processing and invoicing is essential in the modern-day connected business world. Manual handling of this process is expensive due to the use of employee resources, as well as the cost of errors and omissions. Retailer policies generally do not allow companies to fix errors or omissions beyond 90 days of the shipment date. If any are discovered, fixing such errors or omissions is a significant task.
Automation in sales order processing and invoicing is essential in the modern-day connected business world. Manual handling of this process is expensive due to the use of employee resources, as well as the cost of errors and omissions. Retailer policies generally do not allow companies to fix errors or omissions beyond 90 days of the shipment date. If any are discovered, fixing such errors or omissions is a significant task.
The accurate and timely calculation of trade promotion cost is a challenge faced by all consumer-packaged goods companies. The absence of an in-house capability to calculate and record this expense can result in unprofitable sales without management knowledge. Since companies can receive retailer deductions as late as 1-24 months after the date of an actual sale, companies must have visibility around trade promotion offers to the customers, what these sales represent in terms of trade promotion cost.