Deduction management software is a specialized tool that assists businesses in efficiently managing financial deductions. It automates the tracking, analysis, and resolution of deductions related to accounts receivable or payable. The software streamlines workflows by providing a centralized platform for recording, monitoring, and resolving deductions. It captures essential information such as deduction amounts, reasons, dates, and supporting documentation. By automating the deduction management process, the software ensures consistent and timely resolution, minimizing financial losses and improving cash flow.