Dynamic Discounting - apexportal
Capture more discounts and rebates with AI.
Turn Accounts Payable into a Profit Center
Increase Working Capital with apexportal's Dynamic Discounting
With the apexportal Cash Discount Likelihood scoring, you can predict which suppliers will accept discounts for early payments. Target the right suppliers with the right offer to expand your dynamic discounting program and increase working capital.
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 predictive analytics technology 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 70M+ 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)
Your portal. Done your way.
Flexible apexportal modules cover the full day in the life of your P2P team and your suppliers.
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.
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.
An easy-to-use interface helps you analyze discount opportunities, communicate offers and track outcomes.