Invoice Management Dynamic Discounting

GEP SMART unified procurement platform automates discount management and empowers your accounts payable and finance team to significantly contribute toward enterprise savings goals.

The powerful procurement software combines the power of artificial intelligence and cloud-nativity to track complete supplier engagement cycles – from contract agreements and payment terms with dynamic discounting clauses to purchase orders and invoice due dates – and notify the accounts payable team about upcoming payment-driven savings opportunities.

The source-to-pay platform enhances enterprise-wide spend visibility and boosts transparency – providing the accounts payable and finance teams a clear view into outstanding obligations. With this information, enterprises can improve cash management and manage their working capital with greater accuracy and control. GEP SMART gives enterprises the means to tactically use available cash on hand to maximize savings through early payment or spot discounts.

GEP SMART facilitates a win-win scenario that improves buyer-supplier relationships – with the buyer getting discounts and the supplier receiving early payments. Buyers on the other hand can enforce pre-negotiated contracts and discount terms and capture higher discounts across targeted suppliers, spend, and invoices.

 

THE GEP SMART ADVANTAGE

Invoice Reconciliation

Automate your invoice reconciliation process to eliminate errors, mitigate risks and reduce the burden on your Accounts Payable team and enable greater strategic insights

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Supplier Interaction

Enable supplier self-service, promote transparent buyer-supplier information exchange and build win-win partnerships with cloud-native GEP SMART

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Multi-Way Matching

With AI-powered GEP SMART, validate invoices against original purchase orders and negotiated prices with configurable tolerances and matching rules – all at the click of a button

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Dynamic Discounting

Automate your discount management process and improve cash management. The powerful procurement platform can also notify your AP team about upcoming payment-driven savings opportunities

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eInvoicing

Reduce invoice processing cycle time and boost supplier participation while improving spend visibility and optimizing cash flow with GEP SMART’s electronic invoice receipt management function

Exception Handling

Maximize your invoice processing throughput with minimal input. Enable your buyers to resolve most of the issues that might cause an invoice exception before it even reaches your AP team