Dynamic Discounting

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 SMARTTM 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.

 

THE GEP SMART ADVANTAGE

Punch-out Catalogs

No more of manual catalog maintenance. Find a consolidated list of items from all supplier websites, external procurement applications or hosted e-procurement systems at one place – GEP SMART

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Hosted Catalogs

Eliminate the need to integrate complicated e-commerce systems or rely on third-party operators – GEP SMART’s hosted catalogs make it easier for suppliers to sell more and for enterprises to buy better

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Guided Buying

Purchase goods and services through the best buy-pay channel and from preferred suppliers. Fine-tune the guided buying process to suit your buying preferences and drive higher compliance with GEP SMART

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Blanket Order

Effectively manage recurring, pre-specified purchases, drive higher purchasing compliance and achieve leaner operations with AI-powered GEP SMART

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Catalog Maintenance

Provide your suppliers access to maintain, update and refresh their catalogs, and customize pricing and inventory and enjoy a familiar shopping experience

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Contract Utilization

Track your contract utilization and evaluate whether or not your hard-negotiated contracts are delivering optimal value and savings with GEP SMART