{"id":2330,"date":"2015-09-11T16:45:35","date_gmt":"2015-09-11T16:45:35","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2330"},"modified":"2022-08-08T13:56:46","modified_gmt":"2022-08-08T13:56:46","slug":"making-the-case-for-a-supplier-portal-with-dynamic-discounting","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2015\/09\/making-the-case-for-a-supplier-portal-with-dynamic-discounting\/","title":{"rendered":"Making the Case for a Supplier Portal with Dynamic Discounting"},"content":{"rendered":"

Every Purchase-to-Pay organization is likely familiar with working with the Treasury Department to set the appropriate discount terms with suppliers for early payment – \u00a0with a rigid set of rules for when discounts can be taken, and the constant pressure to collect paper invoices, complete the matching process, and enter invoice details to ready invoices for payment.\u00a0 With the introduction of electronic processing, invoices can be received and processed in hours, not weeks, allowing for greater flexibility to maximize the benefits of flexible payment timing for your company and for your suppliers.\u00a0<\/span><\/p>\n

Dynamic Discounting is a process that allows buyers and sellers of goods and services to dynamically change the payment terms to accelerate payment based on a sliding discount scale. \u00a0In the past, it has been difficult to create arrangements that work for both the supplier and buyer, and, because of a lack of an effective mechanism, it has been challenging for buyers to actually pay early. However, with the increased use of advanced technology provided by such companies as APEX, Ariba, OB10, and Taulia, those challenges have been overcome.<\/span><\/p>\n

Two recent PeercastsTM<\/sup> in Peeriosity\u2019s Accounts Payable (P2P) research area<\/a> featured companies that shared their Dynamic Discounting implementation experiences,\u00a0including some very insightful lessons learned. Interestingly, both were early adopters, using the Xign solution before it was discontinued, and then both independently implemented the Dynamic Discounting solution from Taulia.\u00a0<\/span><\/p>\n

Here are some of the reasons cited for selecting Taulia:<\/span><\/p>\n