With Dynamic Discounting, suppliers have the freedom to initiate early payment in exchange for discounts on an invoice-by-invoice basis. The access to early payment helps suppliers improve cash flow so they can meet payroll and grow accordingly.
The corporate buyer benefits by helping improve their immediate profit and loss statements and reduce annual spend figures. There is no cost to the corporate buyer in setting up a Dynamic Discounting program.
The direct, straightforward nature of Dynamic Discounting also adds to its appeal. There is no third party lender to navigate. The supplier and buyer work with each other directly, using Supplier Success’ web software to view all approved invoices, request early payment on them, and approve the small discounts that will be subtracted from the total invoice amount. This makes setup and implementation very quick and easy.