Early-payment programs – paying suppliers before an invoice due date in exchange for a discount on the amount owed – make Net Payment Terms a thing of the past.
Early-payment programs also appeal to top suppliers.
The problem is that for all but the biggest businesses, manual approaches to early-payment programs:
- Are incredibly complicated to deploy
- Often require risky underwriting
- Result in a significant reconciliation effort
But that doesn’t mean your business should abandon its dream of being “AP Free.”
The emergence of automated supplier payment processes is making it easier, more affordable, and less risky for businesses of all sizes to employ early payment programs.
IOFM’s newest white paper shows you:
- The benefits big businesses are achieving from early-payment discount programs
- Why suppliers are lining up for early-payment programs
- The challenges with manual approaches to early-payment programs
- How technology helps businesses of all sizes become “AP Free”
This white paper will provide you with the strategies you need to reduce costs, attract and retain top suppliers, gain leverage with existing suppliers, and transform Accounts Payable into a profit center.
Continuing education credits available:
Receive 1 CEU toward APM, APS, or P2P recertification! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.
This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.
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