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Purchase to Pay, P2P and Dynamic DiscountingWhen Alexander Graham Bell, said "Watson, come here! I want to see you", little did he suspect that in the 21st century, less than 150 years after he began his experiments, the telephone would be so ubiquitous that even in parts of Africa where there is no running water, there would be full cell phone coverage. And at that time, in about 1873, the "CFO" was a man in a tall hat with a quill in his hand in charge of a team of accounts clerks laboriously scratching numbers into leather bound ledgers.

Although Purchase to Pay is a about process, it can only be implemented with enabling technology and the correct choice of technology can be complex. Some vendors specialize in a...