In the foodservice industry, “deductions” is a word that makes people cringe! Manufacturers are always looking for ways to lower deduction balances and prevent double dipping. If you have a high deduction balance, then chances are you’re losing money.
It’s important to get a handle on your deduction balance: it will give you insight into what’s really going on with your contracts and claim processing. By having this information available to you, you’ll be able to improve your processes and ROI.
Why is it that manufacturers have such a hard time getting their deduction balance under control?
If you manage foodservice trade promotion, then it’s extremely important for your company to use TPM software that is affordable, effective, and easy to use. Having the ability to track claim submissions against contracts is a huge benefit to your company’s overall success. Having the ability to lower your deduction balance will increase your ROI. Plus, using a TPM solution that is easy to use means quicker ramp up and on-boarding of new hires, which translates into more effective trade spend management more quickly.
You spend a lot of time and effort working to make your company thrive. Let GoSimple help you get a handle on your foodservice trade promotion management needs so that you can focus on growing your business.
Here are some of the features GoSimple has to offer:
- Contract Entry
- Contract Approval
- Claim Resolution
- Deduction Matching
- Data Feeds
If you’re interested in learning more about GoSimple and how it can improve your business, then contact us today to schedule a demo!