Dynamic Discounting

24 Feb

Posted at 11:25h in AP Automation, Dynamic Discounting, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Supply Chain Finance by
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Today, we're delighted to welcome a guest post from Lars Rolf Jacobsen - Financial Solutions Manager at Tradeshift. Size matters. Throughout history, it has always been the case that the bigger company in a relationship has all the power. And financial transactions are no exception to this rule. But the rise of the internet has leveled the playing field in some aspects of business. Now, any small company can use Skype to communicate for free with suppliers and buyers across the world. Whole workforces can be recruited and managed through the web, meaning that talent is cheaper and easier to control. And with e-commerce, any company can market and sell a product to a global audience.

17 Feb

Posted at 11:29h in AP Automation, Dynamic Discounting, e-invoicing, Electronic Invoicing, Financial Supply Chain Management by
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Let's get something straight at the outset. I'm not about to suggest that users of e-invoicing networks will want to use them to play Farmville. But what I can see is that the transactional platforms will become free to use as service providers offer other value added services and I want to explain why.

04 Jan

Posted at 15:14h in AP Automation, Dynamic Discounting, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay, Purchase to Pay Process by
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Ready for the new year, Patrick Harbin has published and amazing 50 ways to reduce costs in accounts payable.  They say about new year’s resolutions that you should ensure they are achievable so for those that think 50 major change management  programs in one year - that’s 1 per week – is a little too much, you might want to consider the first 5 because we think the first 5 are the best 5.

19 Dec

Posted at 07:49h in Dynamic Discounting, News by
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Taulia have announced today that they have opened offices in the United Kingdom and, their press release says, they are bringing their "comprehensive suite of products to European organisations and expanding its services and operations for existing customers. In addition to the new offices, Sebastian Chilvers has joined Taulia as European Sales Director and will help accelerate the company’s growth in the regional market."

09 Dec

Posted at 10:38h in Dynamic Discounting, Financial Supply Chain Management by
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There a a few eye-catching headlines that sell the benefits of dynamic discounting. "36% return on capital" for example is pretty eye catching but how does dynamic discounting really work in practice and how do you work out if it is beneficial to take say a 2% discount for payment in 10 days rather than 45? Being familiar with the value of payment terms and how to calculate it is an important sourcing skill but it is essential when trying to understand the value of dynamic discounting.

09 Nov

Posted at 14:11h in Dynamic Discounting by
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Corporate cash balances are at a record high and with poor returns on treasury bonds not to mention the uncertainty generated by the turmoil in Europe, treasury managers are struggling to find a safe home for all that cash. Perhaps it’s time to look closer to home because their own supply chains could be the safest place to put their cash. If ever there was a case of not seeing the wood for the trees it this. According to Bertram Meyer, CEO of Taulia, writing in GT News, corporate cash balances of US non-financial corporations were close to US$2 trillion dollars. That’s an increase of 36% since 2009 and the ratio of liquid assets to short-term liabilities hasn’t been so high since Elvis first appeared on TV!