Dispute resolution and reconciliation

Dispute resolution and reconciliation
Posted on : 2024-09-09

Summary Highlights

This article explains Voosh's Dispute Manager and Finance Reconciliation features, along with steps to simplify and optimize your restaurant's financial management.

Dispute Manager

Protecting Your Restaurant's Bottom Line

This section covers Voosh's Dispute Manager, detailing how it helps restaurants monitor and resolve disputes efficiently.

What Is the Dispute Manager?

Voosh's Dispute Manager centralizes all dispute-related tasks into one streamlined dashboard. It automates the dispute process for orders from platforms like Uber Eats, DoorDash, and Grubhub, allowing you to track, submit, and resolve disputes without the back-and-forth hassle. Instead of manual intervention, Voosh automates everything, saving you time and helping you recover lost revenue faster.

In case a dispute arises, here's what Voosh can help with:

Why Is Dispute Management Important?

Disputes can drain profits and tarnish a restaurant's reputation if left unresolved. The faster disputes are handled, the quicker you can recover revenue and prevent future issues. Voosh's Dispute Manager ensures that even the most minor discrepancies are addressed, keeping your financials on track and protecting your restaurant from unnecessary losses.

Understanding the Dispute Dashboard

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The dispute rate represents the percentage of orders disputed, while the dispute win rate shows the percentage of successfully won disputes. For example, if your dispute win rate is 95.22% (as shown in the image), this means you've recovered over 95% of the disputed amounts.

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Voosh makes it easy to automate disputes across platforms like DoorDash and Uber Eats. The "Manage Auto Disputes" option allows you to set up automated systems for handling disputes. Once enabled, Voosh will automatically file disputes within the specified platform's guidelines, significantly reducing the manual effort involved.

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In the Auto Dispute section, you can select the specific platforms (DoorDash, Uber Eats, etc.) and locations to set up automatic replies for disputes. For restaurants managing multiple locations, this feature ensures each dispute is handled efficiently across all sites.

How to Automate Dispute Management

With a single click, Voosh automates the dispute resolution process for platforms like DoorDash, Uber Eats, GrubHub, and more, as shown in the image above. The system ensures disputes are filed promptly and accurately, saving you hours of manual work and boosting revenue recovery.

Best Practices for Dispute Management

To maximize your financial recovery, follow these key practices:

  1. Prioritize High-Value Disputes: Start with large orders to recover more significant amounts of revenue faster.
  2. Timely Submission: Platforms like Uber Eats and DoorDash have tight windows for submitting disputes (30 days for Uber Eats, 14 for DoorDash). Submit disputes promptly to avoid missing out on recoverable revenue.
  3. Comprehensive Evidence: Provide clear, accurate evidence for each dispute to increase the likelihood of a favorable resolution.
  4. Flag Suspicious Customers: Be aware of potential fraudulent claims and flag them to avoid further losses.

Example: Dispute Scenario

Let's say a restaurant receives a $150 chargeback for a canceled order on DoorDash. Using Voosh's Dispute Manager, the restaurant pulls all relevant transaction details, submits the dispute, and tracks the progress in real time. Without manual intervention, the restaurant is able to resolve the dispute and recover the lost revenue quickly.

Financial Reconciliation

Simplifying Financial Reconciliation

This section explains how Voosh helps restaurants reconcile financial data between POS systems and off-premise platforms.

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What Is Financial Reconciliation?

Financial reconciliation involves comparing actual payouts with estimated payouts, as well as aligning sales data from your POS system with external platforms (like Uber Eats and DoorDash). Voosh's finance reconciliation tool makes this process simple by providing an intuitive dashboard that highlights any discrepancies in real-time, so you know exactly where your money is going.

In case of discrepancies, here's how Voosh helps:

  1. Estimated vs. Actual Payouts: Compare what you expected to receive versus what was deposited into your account. Voosh pinpoints the differences, whether due to fees, commissions, or adjustments, helping you resolve them quickly.
  2. POS vs. Off-Premise Reconciliation: Voosh matches your POS data with off-premise platforms to ensure all sales are accounted for, eliminating the risk of revenue loss due to mismatched data.
  3. Detailed Transaction Insights: Get a breakdown of every transaction, including fees, refunds, and marketing costs. This transparency allows you to manage your finances with confidence.

Understanding the Financial Reconciliation Dashboard

Payment Difference :

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The "Payment Difference" section uses a waterfall chart to visually break down how various deductions and adjustments impact the total revenue, showing why there is a difference between the estimated payout and the actual payout.

POS vs Off-Premise Reconciliation:

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This part of the dashboard allows you to compare orders processed through your restaurant's POS system versus orders from off-premise platforms like Uber Eats, DoorDash, and Grubhub. The comparison helps to identify any discrepancies between the two systems.

Example: Payout Discrepancy

A restaurant expects a payout of $1,500 from Uber Eats but receives only $1,350. Using Voosh's reconciliation dashboard, they identify that the missing $150 was due to commission and marketing fee deductions. With this insight, they can adjust future expectations and ensure that all deductions are legitimate.

Why Is Financial Reconciliation Important?

Without regular reconciliation, it's easy for discrepancies between your POS and off-premise sales to go unnoticed, leading to revenue leakage. Frequent reconciliation helps identify these issues early, so they can be corrected before they impact your bottom line. Voosh's reconciliation tool makes this process efficient and accurate, ensuring your financials are always in sync.

Conclusion

Dispute management and financial reconciliation are critical for maintaining your restaurant's profitability. By automating these processes with Voosh, you can ensure timely dispute resolutions and accurate financial tracking, allowing you to focus on serving great food while Voosh handles the behind-the-scenes work.

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