Imagine if all of your approved invoices were paid as soon as possible in exchange for a discount. What would be the impact on your organization? What is the benefit to your Supplier? All of this is addressed when we explore the question of ‘What is Dynamic Discounting?’.
Accounts Payable has the ability to drive significant savings across Supply Chain operations by offering Dynamic Discounting. Based on when a Supplier chooses to receive payment on approved invoices, payment is made — less a small discount — resulting in a return on capital for the Buyer and the following for the Supplier:
- Improved liquidity
- Higher levels of satisfaction
- The ability to take advantage of early payment discounts with their Suppliers
Start your organization on the journey to optimal performance today. Learn how Tungsten Network’s tools, which are both easy to use and quickly deployed, can help. Download this Special Report for more on Tungsten Network and ‘What is Dynamic Discounting?’.