The people who make the payments — the finance and accounts payable teams — are a critical part of the source-to-pay process. They are responsible for paying your suppliers. But they can also contribute significantly to your strategic savings targets.
GEP SMART™ ap automation software accelerates your entire opportunity-to-invoice process. It’s now faster and easier than before to secure the right deals and purchase the goods and services you need within those deals. The finance team can take advantage of this new streamlined process to achieve more savings through dynamic discounting.
With comprehensive spend visibility at every stage of the procurement cycle, the finance team can better plan the cash flow and use the cash-on-hand to increase savings by offering suppliers immediate or accelerated payment of an invoice in return for a spot discount. There’s value in getting immediate or accelerated payment for the suppliers and they can share that with you.
GEP SMART’s dynamic discounting functionality empowers your finance and AP team to deliver increased savings by tactically using the cash available to pay invoices that yield the best discounts.