SupplyPike for CVS
We're excited to release our newest product, SupplyPike for CVS! Now, SupplyPike can provide CVS suppliers with unmatched visibility, streamlined disputing, and actionable insights in our one-stop, easy-to-use platform.
CVS Pain Points
CVS suppliers are battling unexpected deductions that eat away at their revenue, with an average loss of 20% to deductions overall. Revenue loss due to deductions, particularly shortages, is significantly higher for CVS suppliers than other retailers.
The complex dispute process CVS has in place forces suppliers to navigate a maze of disconnected portals to gather the necessary documents for a single dispute, which can take up to 30 minutes per deduction. Connecting the fragmented data scattered across these portals costs valuable time and hinders suppliers from identifying root causes. Without this crucial context, they cannot improve their business practices and prevent future fines.
How SupplyPike Helps
SupplyPike for CVS is the ultimate solution for suppliers to minimize revenue loss and recover every penny owed. Our platform provides dispute resolutions tailored to the expectations set by CVS. With just 1-click, suppliers can submit disputes to save valuable time and clear out deductions from their books more efficiently.
"CVS deducts one of the highest percentages of revenue across major retailers that we've seen. That's why we created SupplyPike for CVS to offer a comprehensive solution that enables suppliers to tackle these issues directly," Product Manager Parker Johnson states. "Our platform empowers suppliers with a holistic approach to deduction management, allowing them to minimize deductions and maximize their revenue effectively."
Plus, SupplyPike seamlessly integrates with the CVS supplier portals—SAP Vendor Portal and ImageSilo—to consolidate deduction details all in one place. This unified view allows for new levels of visibility and aids suppliers in identifying root causes to understand better the cost of serving CVS.
Discover More
Discover more about achieving success with CVS when you read the expertly crafted article How to Dispute Deductions at CVS. For additional retail supplier resources, visit our free online knowledge base, SupplierWiki.
About SupplyPike
SupplyPike is a leading SaaS solution empowering retail suppliers to fight deductions, maximize cash flow, and increase productivity. Our advanced automation and industry expertise have recovered over $680 million for our clients—by simplifying the dispute process and preventing deductions, SupplyPike helps suppliers get paid and get better.