Uploaded on Jun 25, 2024
iNymbus is a tech company that offers automated solution for financial operations, helping finance teams work more efficiently and Data-driven decisions.
Kohls
Deduction:
Automate Disputing with iNymbus
Kohl’s Deduction: Automate Disputing
Kohl's is one of the leading retail chains in America, with more
than 65 million customers and 1,100 stores in 49 states.
It provides great opportunities for expanding business. However,
these opportunities come at a cost. As a vendor or supplier,
dealing with deductions and chargebacks is an inevitable part
of the retail business.
Unresolved deductions can pose challenges in maintaining
healthy accounts receivable and cash flow. Businesses have
tried numerous deduction management systems to tackle
deductions, from outsourcing deduction automation to hiring a
large number of employees. It still remains a problem for a lot of
suppliers, especially for those who deal with multiple
medium-sized retailers like Kohl's.
In this article, we will dive deep into various ways suppliers deal
with deductions, benefits, and drawbacks of each one of them,
and we'll discuss if this process of disputing Kohl's deductions
can be automated.
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Kohl’s Deduction: Automate Disputing
Traditional Method of Disputing
Kohl’s Chargebacks :
Vendors traditionally dispute Kohl's claims manually through
the Traverse portal, which allows them to track as well as dispute
deductions.
The portal provides suppliers with these tools:
View vendor compliance charge information
File Vendor compliance chargeback disputes
View photos and other supporting chargeback data
Upload documents or image files for disputes
View the status of disputes
There are numerous problems with disputing deductions
manually, one of them being locating the invoices with
deductions. Managing deductions from multiple retailers makes
this process even more challenging, as analysts must
remember how each portal works.
Copyright © 2024 iNymbus.All rights reserved.
3
Kohl’s Deduction: Automate Disputing
How To Navigate On The Traverse
Portal To Find Invoice With Dedutions:
Access the Click on Head to
"Vendor Tools"
Traverse portal. “Find Charges”
in the right and select the
navigation menu. date range.
You will now have a list of invoices with deductions, each of them
tagged with a deduction code. Unlike other retailers who directly
provide descriptions for a deduction, one needs to interpret
Kohl's deduction code, making the process of disputing even
more complicated. It is crucial to have a deep understanding of
these codes, as what documents to submit depends on which
code is issued.
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4
Kohl’s Deduction: Automate Disputing
Common Kohl's Deduction Codes:
• ASN11
• ASN12
• PG01
• PG03
Dispute Deductions on Traverse Portal:
Navigate to 01
STEP “Create Disputes”
01 to initiate dispute resolution
02
Fill in the
STEP
Upload supporting 03 chargeback
STEP docs in the 02 details.
03 "Attachments" section.
04
Click
STEP "Submit" to
04 file the dispute.
Copyright © 2024 iNymbus.All rights reserved.
5
Kohl’s Deduction: Automate Disputing
What is Wrong With The Traditional
Method
While Kohl's Traverse portal provides tools for deduction
management, vendors face major obstacles using traditional
manual methods for processing deductions and resolving
disputes.
Processing deductions and resolving disputes manually is
time-consuming and resource-heavy. Vendors spend too much
time on identifying deductions and deduction resolution, which
slows things down and leaves fewer resources for growing the
business.
Vendors dealing with deductions from different retailers, like
Kohl's and others, face a heavy workload. Each retailer has its
own rules and processes for deductions, making it harder to
manage. Handling deductions from many retailers makes it
even tougher to deal with claims and solve disputes, leading to
more mistakes and missed issues during resolution.
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Kohl’s Deduction: Automate Disputing
How iNymbus Automates Kohl’s
Claims
What if I told you that you can automate this whole process
end-to-end? Not only that, you can automate disputing
deductions from 25+ retailers. YES, you heard it right.
iNymbus can be your one-stop deduction management
software. Our automation software uses cutting-edge RPA
technology to increase efficiency and reduce the cost of claims
management. We even provide advanced claim data so that
suppliers can find where the claims are coming from in the first
place.
In the market, there are various claim management software
options, but what sets us apart is our ability to support over 25
retailers and to readily add more at customers' requests.
Click to Learn More How iNymbus Supports 25+ Retailers.
Copyright © 2024 iNymbus.All rights reserved. 7
Kohl’s Deduction: Automate Disputing
Here is how we helped a giant supplier with $2 Billion in annual
revenue tackle deductions from over 20 retailers. We support not
only retail giants like Amazon and Walmart but also
medium-sized retailers like Nordstrom and Ulta that do email
disputing.
Copyright © 2024 iNymbus.All rights reserved. 8
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