Dynamic Payment Terms
Dynamic Discount Management (DDM) solutions allow businesses to uncover hidden savings opportunities in their supply chains by turning their Accounts Payable (AP) into a cash-generating asset and relevant short-term investment option.
CCP Global and its Partners offer the most innovative and “game changing” DDM solutions available today. These platforms will work seamlessly with your existing ERP and Spend Management systems, with no additional IT infrastructure required. These hosted DDM solutions can typically be up and running in a few short weeks, without the hassle of complex software installations, including:
Dynamic Payment Terms – Background
You may be missing out on valuable discounts due to your company’s late invoice approvals. If so, consider inviting your suppliers to adopt dynamic payment terms through a self-service vendor portal.
Here is how it’s done:
- Define dynamic payment terms within the familiar ERP/Spend Management environment.
- A straightforward analysis helps you identify the most promising candidates.
- Invite suppliers to opt in.
Upon supplier acceptance, our system will ensure that payments are handled properly. Meanwhile, extensive reporting capabilities on your discount capture help you stay in full control.
For more information about our Dynamic Payment Terms solutions, or other Dynamic Discount Management capabilities, please Contact Us.