When Is the Right Time to Implement ERP and How to Select the Right Vendor
Take Control of Your Chargeback Process to Cut Costs and Minimize Deductions from Retail Customers
When your clients issue chargebacks for noncompliance of their business rules, it not only impacts your bottom line but it also puts a strain on your accounts receivable department. After all, it can take a long time to research and reconcile a chargeback. With Third Wave’s Chargeback Processing SAP add-on for SAP Business One, you’ll be able to track chargebacks, streamline the process for handling these transactions, and submit new invoices for incorrect deductions.
View the Chargeback Processing overview
Reduce the Time Spent Managing Chargebacks
Third Wave’s Chargeback Processing enables you to efficiently manage unauthorized deductions applied to open invoices. It not only provides you with the ability to track client chargeback transactions but also lets you automate and streamline the process. In a single step, you can apply the chargeback and generate an open AR transaction. Use SAP Activities to track research and follow-up activities. The approval process makes it easy to approve or decline chargeback transactions and provides a complete transaction audit trail.
Gain invaluable business intelligence on the reasons for chargebacks. By utilizing this solution, you’ll be able to reduce the amount of time spent processing chargebacks while gaining insight into chargeback trends. Chargeback Processing enables you to take the steps needed to reduce the number of chargebacks and increase profitability.
Chargeback Processing allows you to:
- Track all of your client chargeback transactions
- Automate and streamline your chargeback processing to reduce costs
- Easily approve or decline each chargeback after researching the issues
- Use SAP Activities to track research activities
- Add custom chargeback types to fit your reporting needs
- Analyze the data to uncover problematic situations and diminish chargebacks
Gain Visibility Into Chargebacks
Chargeback Processing provides your business with a powerful solution for analyzing your chargebacks to minimize or reject deductions. It gives you the ability to determine which clients are costing you the most as well as review the main reasons for the chargebacks so you can quickly correct any issues with your processes.