According to the company, TrewUp has improved the process of analyzing distributor deductions for natural, organic, and specialty products manufacturers. Say goodbye to the grueling and time-consuming process of manually poring over endless pages of distributor statements and hello to TrewUp's user-friendly, cloud-based AI technology.
Founded by industry veterans Kyle Barnholt and Scott Cousins, TrewUp was created to solve a common problem for CPG companies in the natural, organic, and specialty products space. Their software allows brands to focus on profitability rather than on deciphering mountains of data from distributors.
According to the leadership at TrewUp, deductions are made up of all activities within the supply chain, including shortages, late fees, promotions, advertising, spoils, etc. "To reduce costs and boost sales, natural product companies need to identify where they should invest time and resources. Understanding deductions by type – such as fines and fees as opposed to advertising and promotion – is one step toward gaining that visibility. From there, they need to drill into spend by indirect retailers in order to manage trade spend for maximum ROI. We're excited to bring a tool to market that automates these crucial processes for companies seeking success in a challenging market," advised TrewUp co-founder and CEO Kyle Barnholt.
TrewUp categorizes billbacks and aggregates the data by category, making it easy to input into accounting software like QuickBooks. Brands can quickly see whether they've overspent or underspent their accruals, allowing them to better manage their promotions and reinvest any savings.
Mining a trove of distributor information at the click of a button
According to Barnholt, CPG and natural products manufacturers often see deductions as an expense that is out of their control, or as a labor-intensive process of uncovering data that is often "buried in hundreds of invoice formats on thousands of PDFs across platforms and mediums," making it difficult to effectively mine that valuable information. However, he noted, "Deductions are a unique source of intelligence about your business that can be used to improve everything from warehouse processes to sales to promotional schedules."
TrewUp's deduction software offers these solutions
- Automatically imports data from third-party platforms
- Uses cloud-based AI technology to extract, read and decipher deduction data
- Loads, reads, and interprets data by retailer, deduction type, and UPC code
- Helps reconcile deductions to discover and dispute errors
- Enables better decision-making for growing top-line sales and bottom-line profits
Free webinar: increasing profitability through deduction management
TrewUp co-founder and CEO Kyle Barnholt will be presenting as part of an online panel on Wednesday, February 22, 2023, at 3:30 pm CST. The webinar is hosted by Naturally Chicago and sponsored by TrewUp. Registration is free to everyone, and topics will cover: how to redeploy trade spending for more profitable sales; understanding and identifying ways to reduce costs; and best practices for deduction management. Register here.
Schedule a meeting at Natural Products Expo West
Additionally, TrewUp co-founder and CEO Kyle Barnholt will be in attendance at Natural Products Expo West, March 8-12, 2023, at the Anaheim Convention Center in Anaheim, CA, and is available for in-person meetings at the event. Contact TrewUp here to request a meeting with Kyle Barnholt at Expo West.
For more information: