Monetizing Payment Efficiency

Monetizing Payment Efficiency

HandsDrive Cost Savings with Automation

The statistics regarding return on capital alone certainly make a compelling case for dynamic discounting, but how do organizations effectively capitalize on this opportunity? Traditional paper-based payment methods make it extremely difficult to capture the best discount rates in a dynamic discount framework, which are the highest within the first few days the invoice is issued.

The time it takes to receive a paper invoice, manually process it, and mail back payment can mean the difference between a 2% discount and a .5% – one, as such labor-intensive tasks can stretch days and weeks. For organizations processing thousands of invoices each month, the opportunity loss is huge and costly. That is where financial business process automation tools come in, and offer an efficient solution for meeting time-sensitive deadlines to earn maximum incentives from vendors.

Powered by IBM’s FileNet and Datacap technologies, our user-friendly applications help your company meet time-sensitive deadlines to earn maximum incentives from vendors.