What does 'Deductions Management' mean?

Deductions management is a software feature that helps businesses manage and track various types of deductions, such as discounts, rebates, chargebacks, and promotional allowances. It allows businesses to monitor and analyze the deductions made by their customers, suppliers, or vendors, and ensures that they are accurately recorded and processed. One of the key capabilities of deduction management software is its ability to automate the process of deductions, which helps businesses save time and resources. It streamlines the entire process, from the initial