Chargebacks Processing: Strategies To Reduce Chargebacks Chargebacks processing and reduction are a company-wide issue. Do not conduct research and chargebacks processing to play the “blame game” instead make sure that internal operations and computer systems are corrected and employees are trained. The Credit Research Foundation (CSM Communications Co., Inc., 2003) conducted a customer-deduction survey of 280 … Read More →
EDI Chargebacks: Definition and Common Types EDI Chargebacks (often referred to as “expense-offsets”) are financial penalties for non-compliance with your customer’s requirements. Customers issue EDI chargebacks because vendor noncompliance disrupts operations and creates an additional expense for the customer. Therefore, customers create “expense offset policies” that are intended to recover the additional cost incurred by the customer … Read More →
EDI Planning: Sponsoring and Analyzing Business Needs EDI planning is a major step in EDI Implementation project. The objectives of EDI are to satisfy business needs, for example, improve procurement processes, increase supply chain efficiency, and reduce float time in financial or medical claims transactions. The problem with EDI being an IT project is that … Read More →
EDI Cost Analysis: Make the Right Calculation EDI Cost Analysis makes it possible to conduct a cost justification for EDI. The EDI Cost Analysis will help create the project implementation plan. There are direct and indirect benefits associated with EDI. The following steps should be taken: Accumulate the total cost of all the tasks involved in … Read More →