7:23 am - Tuesday October 17, 2017

Discover Dollar empowers you through recovery of over payments and revenue leakages

0 respond
Mr. Subrahmanya Rao - Founder and CEO

With expertise and strong commitment,

Discover Dollar empowers you through recovery of over payments and revenue leakages

Large enterprises, especially retail industry is going through tremendous changes in the way they operate Often retailers lose a significant amount of money in form of overpayment and revenue leakages like pricing errors, unclaimed allowances, and discounts, miscalculated rebates, duplicate payments etc. The retailer also misses the opportunity to negotiate a deal which could bring additional margins or allowances. Typical loses due to above scenarios could be up to 1-5% of the total revenue they generate. That is significant amount given the thin margins retailers work on. To bring efficiency in your business, Discover Dollar has positioned itself strongly among the market.

Incepted in the year 2014, Discover Dollar helps companies to identify and recover overpayments and revenue leakages by analyzing various data sources. Their international award winning state-of-the-art product can analyze data from both structured and unstructured data and identify revenue leakages in near real-time resolve them over click of a button. The product is sought by Fortune 500 retailers and already helping them to capture multi-million-dollar revenue leakage using Discover Dollar’s product. Their advisors include Infosys Founder & ex-CEO SD Shibulal and ex-Target CEO Mr. Lalit Ahuja.

Strategically headquartered at Indira nagar in Bangalore (Karnatka), the company provides specialized service to customers. Retailers and large corporations unknowingly lose millions of dollars due to overpayments & leakages. Typical areas where retailers lose money are – pricing errors, missed cash discounts, leakages in collection of vendor incomes, promotional discounts, miscalculated rebates etc. They run ad-hoc analytics and dig deeper into data and source of overpayments and recover them from vendors on behalf of our clients. They also perform root-cause-analysis to help our clients to fix these issues happening in future.

Discover Dollar Resolve is their Flagship solutions which can identify revenue leakages from more than 200 data sources include Purchase Orders, Vendor Files, Invoices, Payments, Promotional Pricing, Vendor contracts, Email contracts etc.

  • The analysis engine can identify revenue leakages and provide them in dashboard for clients to review
  • It has Claim Management module which can send the claims to vendors and suppliers on click of button and send reminders

The people at Discover Dollar are pioneers in field of recovery audit in India helping retail companies adapt this financial best practice. Their solution has been award internationally by SAP as “Most innovative” in SAPPHIRE, Olando, Florida 2015 for innovativeness. The company’s strength lies in being technology driven, product focused and analytics oriented. Discover Dollar’s experience across various industries translates into a differentiated value proposition and stimulates time-to-market for clients. The company works with Fortune 500 customers since its inception. The company’s efficient and flexible world class services process zero down risks of project failures and creates robust solutions that meet present as well as future demands.

While a chat with The CEO Magazine about the revenue model of the company, Mr. Subrahmanya Rao – Founder and CEO spoke: “Pay for Performance: Our primary business model is Pay for Performance, where we charge our customers only when we find real dollars to them. We will work with clients like partner and share a percentage of the amount they really recovered which otherwise would be lost.”

Awards & Recognitions

  • Global “Top 5 Most Innovative” Solution award by SAP in Orlando, Florida
  • Finalist to NASSCOM “10K Pitch” among 7000+ applicants across India
  • “Anthah-Prerana” award jointly by TiE Bangalore & IIM Bangalore
  • Multi-million-dollar revenue leakage already captured for clients
  • Interned students from Wharton Business School Pennsylvania and IIM Bangalore

On being asked by TCM about the road ahead Discover Dollar, Subrahmanya Rao said that they are looking to work with large Indian retailers and corporations and help them to recover crores of rupees of revenue leakages and also set up best practices in recovery audit. He also asserted that they aim to set up office in the US and look to acquire more Fortune 500 customers.

The Spirit behind the success

Subrahmanya Rao is founder and CEO of Discover Dollar, a seasoned professional with expertise in retail analytics, retail & recovery audit and product development. He is MBA in Finance and had corporate experience and tried hands in multiple ventures before started Discover Dollar. His first entrepreneurial venture was at age of 18 as a student. He was also part of NASSCOM delegation to Silicon Valley in 2016 and only Startup to be nominated as delegate for TiECon 2015 by TiE Silicon Valley.

Don't miss the stories followThe CEO Magazine and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Mr.NandakumarRanganathan, Founding Partner, Blu Oak Global Capital

Blu Oak Capital plays a pivotal role in the development of the Emerging Midcap & MSME landscape in India

Mr. Prakash Kacholia - Fonder member of Emkay Global

Emkay Global’s approach gives you the highest likelihood of reaching your real goals

Related posts