Capture more discounts and rebates with AI.
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Get to know the single, central supplier hub for easy and efficient supplier management.
Set up your own touchless process to capture early-pay discounts and optimize cash
Early payment discounting is one of the hottest trends in procure-to-pay. And the Dynamic Discounting and Supply Chain Financing module offered with our apexportal can help you experience the benefits. We automate every aspect of your early payment program – from initial design and marketing to backend reporting. You will be poised to improve both your profitability and your working capital simply by paying your suppliers early.
Turn accounts payable into a cash engine.
- Predict. Use our apexarchimedes™ predictive analytics to segment suppliers based on the likelihood they will accept your discount offers.
- Design. Create a program that will meet the changing needs of your business and its suppliers. Offer sliding-scale discounts on any approved invoice. Base offers on fixed or variable rates. Set up online auctions where suppliers make discount offers and compete for your early payment revenues. Set thresholds to determine which offers are rejected, approved or sent for review. The choice is yours.
- Market. Communicate your offer to the right individuals using microtargeting and multichannel marketing. Reach the right points of contact by leveraging our database of 32M+ validated supplier contacts.
- Finance. Select on-demand supply chain financing to support your early payment program while hanging onto your cash. Third-party funders pay suppliers early for a discount, while you pay the full invoice amount on the original due date. Leverage your own strategic banking relationships or our pre-integrated apexanalytix funding partner.
- Manage. When suppliers accept early payment offers, your ERP is automatically updated, eliminating manual effort and keying errors. Configure approval workflows or establish business rules for a 100% touchless process. You also can monitor acceptance rates, track profitability and adjust your strategy over time.
Dynamically switch to and from third-party funding
Example: Supply chain financing for the medium and small suppliers through IFG (Interface Finance Group)
Supplier Registration: Fully automate supplier onboarding; enforce policy and global governance, risk management, and compliance rules; promote strategic initiatives; and update all of your enterprise P2P systems. Learn more.
E-invoicing: Connect to your own e-invoicing provider, our apexanalytix partner, or our Simple E-invoicing solution. Learn more.
Supplier Inquiry: Offer your suppliers 24/7 online access to invoice and payment status in their own language. Learn more.
Dynamic Discounting and Supply Chain Financing: Make the most of your working capital with dynamic discounting, supplier auctions and flexible supply chain financing options, powered by predictive analytics and a world-class, multichannel marketing engine for microtargeting. Learn more.
Supplier Statement Audit: Automate your supplier statement audits for faster recoveries and a lower cost per claim. Learn more.
An easy-to-use interface helps you analyze discount opportunities, communicate offers and track outcomes.