It doesn’t take a mathematical genius to understand the business case for some Purchase to Pay initiatives. Dynamic discounting – exchanging a discount in return for early payment – can give a return on capital of over 30%. Reverse factoring and other supply chain finance methods can substantially increase DPO and AP automation can reduce costs by 50%. But despite the compelling business case, most organizations remain firmly in the 20th century when it comes to purchase to pay optimization. If the benefits are so great, why are more businesses not grasping the opportunity?
This white paper explains a number of approaches that executives and decision makers can take to build a collaborative P2P infrastructure and unlock cash from their business.