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Video2: Deduction Prevention

Manufacturers:

  • Does your sales force begrudgingly work with their customers to obtain missing documentation?
  • Does your finance department raise the roof over funds they do not consider to be accounts-receivable items?
  • Do your spend thousands of dollars on deduction resolution and end up writing off most of the deductions anyway?
  • You are not alone...

Retailers:

  • Do you deduct funds owed you by manufacturers/suppliers because it's the only way to be sure to get paid?
  • Do your accounts-payable people raise the roof when deductions taken are later reversed?
  • Do you spend thousands of dollars on deduction resolution, only to find most of the money was due you anyway?
  • You are not alone...

The Video:

Invest in this video to learn how one company has reduced the number of unauthorized deductions and created a practice for preventing them from occurring.   Taped before a live audience, Carole Lundgren, Manager, Marketing Administration, 3M Key Accounts & Group Services, St. Paul, MN, shows how unauthorized deductions had become a major financial concern at 3M, and how she put together a plan to attack both the cause and the effect.  Running time is 32 minutes.

Topics include:

  • What parties are involved, or should be
  • Why unauthorized deductions had grown to a mult-million dollar problem at 3M
  • How two groups were formed, for deduction resolution, and for deduction prevention
  • Details of each group's plans
  • Training initiatives employed
  • Details of customer visits to resolve and prevent deductions
  • Reports generated to help all involved to see the problems and solutions
  • The results of the initiative

To purchase a copy for only $69.95*
Just use the order form
or contact:
TPMA Headquarters
Phone: 480.837.9704
E-mail: headquarters@tpmaww.com

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*$49.95 for TPMA members


Note: This material is copyrighted by NAPAA.  All rights reserved.   It may not be reproduced or copied without the written permission from the Association.

Updated as of 09/01/2006