Step 1: Cut the Dead Weight (Unauthorized Deductions)
If you’ve ever opened a retailer invoice and found a deduction you didn’t expect, you’re not alone. In fact, up to 20% of deductions are invalid or incorrect, and many go unchallenged because suppliers don’t have the time, tools, or expertise to fight them.
Imagine the weight of carrying around extra money you didn’t even realize you had. What could you do with that money if you recovered it? Invest in new products? Improve packaging? Treat your team to that off-site they’ve been begging for? Recovering unauthorized deductions isn't just about plugging leaks; it's about strengthening your brand's financial core and unlocking potential for growth.
Step 2: Build Your Endurance (Mastering Compliance)
Ever feel like retail compliance is an obstacle course designed to trip you up? From routing guide violations to labeling errors, the rules can seem endless. But here’s the kicker: many compliance “violations” leading to deductions are disputable.
Think of compliance as your cardio workout. The goal isn’t just survival and thriving by anticipating and avoiding common pitfalls. A team like Woodridge Deductions, powered by HRG, can be your personal trainer here, spotting errors and coaching you to improve your processes. The result? Fewer deductions in the first place and a healthier, more resilient business.
Step 3: Strengthen Your Core (Cash Flow Recovery)
Cash flow is the heartbeat of your brand. And deductions? They’re like sneaky bad habits draining your energy. Did you know that retailers deduct billions of dollars annually from suppliers? Many of these deductions are legitimate, but others—pricing discrepancies, short shipments, or freight claims—might not hold water.
Recovering invalid deductions is like hitting the financial gym: it takes effort, but the results can be game-changing. Imagine recovering 1%, 2%, or even 5% of your annual revenue just by addressing unauthorized deductions. For a $10 million brand, that’s up to $500,000—not exactly pocket change. These are not just numbers; they are the potential for significant financial gains that can transform your business and fuel your growth. It's time to get excited about your financial future.
Step 4: Partner with a Pro (We’ve Got Your Back)
Every fitness journey needs a coach, and we’re the pros who’ve seen it all when it comes to retail deductions. Woodridge Deductions, powered by HRG, is more than just a service provider.
We are your partner in financial fitness, here to help you recover what’s rightfully yours. We combine cutting-edge technology, years of expertise, and a team of specialists to identify, dispute, and recover invalid deductions.
Think of us as your financial fitness trainer, ready to do the heavy lifting while you focus on growing your brand. And the best part? We work with your team to reduce future deductions.
Step 5: Celebrate the Wins (And Set Bigger Goals)
You don’t need to overhaul your entire operation to see meaningful results. Start small: Let’s tackle your deductions, recover some cash, and boost your bottom line. Over time, those small wins will add up to big gains without the stress of a complete financial overhaul.
We're here to guide you through this process, making it simple and straightforward. You can rest assured that we'll be with you every step of the way, ensuring a smooth and successful journey to financial fitness.
Ready to take control of your brand's Financial Health? Let’s Start Today. Don't let unauthorized deductions weigh down your brand. Reach out today, and let's create a custom plan to get your financial fitness on track. If you’re serious about improving your brand’s financial health this year, it’s time to take action. Woodridge Deductions, powered by HRG, has helped countless suppliers recover more than a billion dollars in lost revenue.
Whether you need help with deductions and compliance or want to build a stronger, more profitable business, we’re here to help.
Here’s to a year of strength, resilience, and record-breaking profits.
Click here to schedule your free assessment now.
Cheers to your success,
The Woodridge Team
Your Financial Fitness Coach (without the gym fees)