IQ BackOffice offers customized solutions supporting Third Party Delivery Service Reconciliations including:
- IQ BackOffice downloads delivery partner transactions
- IQ BackOffice reconciles 3rd-party delivery payments and bank receipts to the transactions and delivery partner statements
- IQ BackOffice performs a back-end calculation of delivery fees and service fees validating them against 3rd-party vendor agreement rates and validating taxes per client tax rates
- IQ BackOffice enters the AR transactions, applies payments and advises the client of any discrepancy in accordance with business rules
For one client, IQ found that out of $4.3M in 3rd-party deliveries, there were approximately 21% of 3rd-party delivery payment shortages comprised of deposits in transit, cancelled/duplicate orders, adjustments and actual short payments.
“Integrated solutions reduce errors and increase efficiency. IQ BackOffice delivers complete solutions that work with your back office infrastructure and reports.”