Editor's Note: This piece was reprinted with permission of Ernie Martin, founder and managing director of Receivable Savvy. The company is dedicated to cultivating knowledge and understanding among suppliers in relation to Order-to-Cash processes while also delving into what they do, how they do it and most importantly—why they do it. You can follow this blog and others here.
Receivable Savvy is taking a closer look at how supplier organizations take early payment on outstanding invoices. There are multiple early payment options to choose from in the form of supply chain financing, factoring, P-cards, static or flexible terms, and more.
Early payment also may be initiated by the buying organization, the supplier organization or third-party solution providers.
Here's a look at dynamic discounting, how it works, what it means for the supplier as well as the buyer, and identify some of the key providers in the space.
Read the Receivable Savvy story here.