Dynamic Discounting

Reduce Spend and Earn More Early Payment Discounts Many suppliers are willing to agree to discounts in exchange for earlier payment of their invoices but companies are not equipped to take advantage of the opportunity. 12-14-dynamic-discounting-savingsDynamic Discounting allows buyers and sellers of commercial goods and services to change the payment terms for an individual invoice or group of invoices to accelerate payment based on a sliding discount scale. The process is specifically designed to allow buyers and sellers to manage early payment discount offers easily and seamlessly. Dolphin handles dynamic discounting through a secure, hosted vendor portal that provides suppliers on-demand access to invoice status details. Details can be set according to company business rules and parameters, and AP departments can take advantage of the ability to create an invoice referencing the exact line items of a Purchase Order, increasing hands-free invoice posting. Increasing hands-free posting percentage reduces the number of vendor calls to the AP department, so that staff can engage in more productive activities.   Key benefits of Dynamic Discounting are:

  • Reduce spend and earn more early payment discounts
  • Grant suppliers a say in payment timing
  • Discount amounts calculated dynamically based on the number of days remaining until the due date
  • Discounts can be taken dynamically as needs of buyer or seller dictate; they do not need to be negotiated in advance
  • Easy to use; no user training
  • Pay suppliers ahead of time—win/win for you and your supplier
The solution benefits suppliers as well, by offering them the flexibility of discounting some or all of their receivables. This eliminates the need to engage high cost financing options like factoring or asset-based lending to obtain cash liquidity. And, dynamic discounting mitigates the uncertainty surrounding the timing and amount of payments, improving cash flow forecasting. Download Solution Sheet tauliatile  

Dynamic Discounting

Reduce Spend and Earn More Early Payment Discounts

Many suppliers are willing to agree to discounts in exchange for earlier payment of their invoices but companies are not equipped to take advantage of the opportunity.

12-14-dynamic-discounting-savingsDynamic Discounting allows buyers and sellers of commercial goods and services to change the payment terms for an individual invoice or group of invoices to accelerate payment based on a sliding discount scale. The process is specifically designed to allow buyers and sellers to manage early payment discount offers easily and seamlessly.

Dolphin handles dynamic discounting through a secure, hosted vendor portal that provides suppliers on-demand access to invoice status details. Details can be set according to company business rules and parameters, and AP departments can take advantage of the ability to create an invoice referencing the exact line items of a Purchase Order, increasing hands-free invoice posting. Increasing hands-free posting percentage reduces the number of vendor calls to the AP department, so that staff can engage in more productive activities.

 

Key benefits of Dynamic Discounting are:

  • Reduce spend and earn more early payment discounts
  • Grant suppliers a say in payment timing
  • Discount amounts calculated dynamically based on the number of days remaining until the due date
  • Discounts can be taken dynamically as needs of buyer or seller dictate; they do not need to be negotiated in advance
  • Easy to use; no user training
  • Pay suppliers ahead of time—win/win for you and your supplier

The solution benefits suppliers as well, by offering them the flexibility of discounting some or all of their receivables. This eliminates the need to engage high cost financing options like factoring or asset-based lending to obtain cash liquidity. And, dynamic discounting mitigates the uncertainty surrounding the timing and amount of payments, improving cash flow forecasting.

Download Solution Sheet

tauliatile