New on the Shelf: AI Deductions Classification

📄 Introducing AI Deduction Classification

Our AI-powered Deduction Classification gets smarter with every interaction. While most deductions are automatically tagged, some land in a holding category for your review or are miscategorized. With customizable prompts and logic, you can now fine-tune how deductions are classified.

How it works:

1. Review holding category deductions with backup attached and apply the correct reason manually.

2. Log your reasoning in a freeform text field. Each time you correct a classification, you’ll have the option to explain why — helping us refine the model across similar cases.

3. Take your time back. Your inputs train the system to recognize similar deductions, meaning fewer deductions to review and faster, more accurate classifications.

📄 AI Contract Reading Expands to Spreadsheet Support

Confido’s AI Contract Reading now supports Excel and CSV uploads, making it even easier to extract deal terms and set up promotions, or match deductions automatically. Simply upload the file and Confido does the rest — identifying key fields like spend type, funding, dates, and product-level details.

No reformatting or manual entry needed.

📊 Beyond the Basics: Forecasting 102 | Live Webinar with Nico Langlois

Wednesday, July 2nd
1:00 to 2:00 pm ET Virtual over Zoom

In this advanced session, we will walk through how to adapt your forecasting workflow in Confido to meet the needs of different planning cycles, accounts, and strategies. Whether you’re revisiting your assumptions mid-season or building an AOP from scratch, this session will show you how to stay nimble while keeping everything in sync. We’ll cover:

• Different forecasting methods and when to use them

• Best-practice recommendations for building reliable forecasts

• Layering in opportunities, growth drivers, and seasonality

• Comparing, copying, and locking forecast versions

Join us live to streamline your approach and make forecasting a faster, more strategic process — not a spreadsheet marathon.

👀 ICYMI: Promotion Accrual True-Up

This feature leverages your planned promotions paired with retail sales data to estimate promotional costs, eliminating manual guesswork and improving financial accuracy. How it works:

• With POS/syndicated data already integrated, Confido calculates your Sales Actuals Latest Estimate and compares it against your Forecasted Promotion Spend

• Variances are automatically flagged to help you identify where true-ups are needed

• You can then review and apply true-ups directly, streamlining reconciliation and ensuring your books reflect actual in-market performance

🥕 That’s a Wrap — See You Next Week

Thank you for all the feedback on our product newsletter — and for asking to see more in action. We’re kicking off weekly webinars to showcase what’s new, starting with The Art of Accruals this Thursday and Forecasting 102 next Wednesday. We’ll see you there!