Inmar Intelligence Debuts DeductionsLink AI-Based Platform –

Applied data platform company Inmar Intelligence on Wednesday (Jan. 12) launched a Software-as-a-Service (SaaS) and payments solution for small and medium-sized consumer packaged goods (CPG) companies and pharmaceutical manufacturers called DeductionsLink.
The new platform is aimed at modernizing small- to medium-sized businesses’ deductions management processes through the use of artificial intelligence (AI) and automated process management. This allows for cross-functional collaboration and better visibility into deductions recovery trends, and is part of Inmar Intelligence’s LedgerSync platform.
“DeductionsLink will be a game-changer for CPG and pharma brands that have traditionally struggled with unnecessarily manual deductions management processes,” John Helmle, executive vice president and division president of FinTech at Inmar Intelligence, said in the company announcement.
“As a trusted intermediary for returns and incentives workflows between retail, CPG and pharma companies, Inmar Intelligence is in the perfect position to provide a solution such as DeductionsLink that will help free up much needed accounts receivables staff resources, and directly address the significant losses in revenue experienced through invalid deductions,” Helmle continued.
DeductionsLink brings Inmar one step closer to its vision of “autonomous settlement” with a shared platform that contains data all parties agree is accurate.
“DeductionsLink has been built to solve the unaddressed needs of CPG and pharma companies,” Dash Bibhudatta, vice president of product management at Inmar Intelligence, said in the announcement.
Related: 75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
A new PYMNTS report, AI In Focus, a Brighterion collaboration based on a survey of 104 executives at acquiring banks, found that 37% of acquirers say payments volume increased in 2021.
Ninety-three percent of acquirers say their ratio of fraudulent transactions as a share of total transactions increased in the last 12 months, and PYMNTS research shows 75% of acquirers use AI to detect card transaction fraud.
Some evidence suggests AI can also improve payment volume. Acquirers that use AI are 2.6 times more likely than those who do not to say their payment volumes have increased in the last 12 months.

About:More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs — so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.
Successful Main Street business owners have always had to be resourceful and quick-thinking, but these capabilities have been tested more than ever…
Most companies are digitizing their accounts receivable (AR) and accounts payable (AP) systems if they have not already done so, PYMNTS research…
Around the world, in the competitive food delivery category, the win condition is shifting. Where in 2020 and 2021, the goal was…
You have successfully joined our subscriber list.
© 2022 What’s Next Media and Analytics™

Connect with Chris Hood, a digital strategist that can help you with AI.

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2022 AI Caosuo - Proudly powered by theme Octo