Up to 8% of Top Line Revenue Is Lost to Chargebacks: How Syncrofy Compliance Puts a Stop to That

By: Tracy Silverberg | April 18, 2024
Today, organizations are fighting against a number of supply chain and logistical issues in a chaotic B2B landscape.

Those who are unable to hold their suppliers accountable risk lost sales, process delays, and increased shipping costs. 

Syncrofy, our market-leading, multi-enterprise supply chain analytics data platform already helps Fortune 100 companies and SMBs across various industries see and analyze their data while improving supply chain operations and processes.

As a module of that platform, Syncrofy Compliance extends its value by providing critical business insights across the supply chain for compliance teams. It’s the ultimate tool to ensure everyone stays on the same page, collaborates effectively, and achieves financial success.


Work with your partners, not against them

With Syncrofy Compliance, companies can accelerate decision‑making with faster, easier, and more detailed visibility into mission‑critical supply chain data—even between their disparate partners, systems, and departments. Syncrofy Compliance solution’s powerful features enables teams to:

  • Minimize late payments, time spent managing chargeback disputes, revenue leakage, and other waste points built into supply chain systems
  • Create vendor scorecards on key metrics to compare suppliers on fill rate, lead time, errors and delays
  • Manage customer or supplier compliance programs for ASN, OTIF, UCC, POA response and expiration
  • Achieve four-way matching to identify quantity and price discrepancies

In talking with customers and conducting our own research, we’re seeing more compliance teams turn to technology to help improve decision-making and manage risk. Syncrofy Compliance is an intuitive solution that will help you resolve issues quickly and effectively so you can work towards achieving the perfect order.

Syncrofy Compliance can help customers achieve:

  • 50% reduction in overall supply chain costs
  • 20% reduction in procurement costs
  • 10% increase in revenue

Not
your average compliance solution

The Syncrofy Compliance solution is different from other tools on the market because it can handle all EDI data (other solutions require multiple systems such as ERP, vendor portal, etc.). It also has several unique features, including:

  • Dynamic dashboards to monitor & track compliance initiatives
  • Chargeback management, a collaborative tool allowing seamless claim management across the entire trading partner network
  • 10 configurable rules including on-time shipment/delivery, in-full delivery, data quality, and rejected shipments
  • Customizable notifications to identify and proactively manage supply chain disruptions

Master your compliance with an intuitive supply chain platform

Syncrofy provides non-technical users with full, AI-powered supply chain visibility and actionable insights from day one—no need to configure, map, or develop a specialized data warehouse. With Syncrofy and the Compliance Solution by your side, you’ll be able to:

  • Calculate fill rate and lead time for orders and shipments
  • Save money by minimizing supply chain waste points
  • Reconcile invoices against POs, shipment documentation, and receipts to identify quantity and price discrepancies
  • Monitor and compare suppliers on KPIs to improve fulfillment accuracy and prevent stockouts
  • Easily manage customer and supplier compliance programs
  • Make smarter, better-informed decisions when it comes to your supply chain

Syncrofy is like having your own, intuitive supply chain advisor by your side, anytime, anywhere. Isn’t it about time you step into the future of your data and master supplier compliance?

To explore how Syncrofy Compliance can help your compliance program today or to sign up for a FREE trial, click here.

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