Direct Insite, a cloud-based e-invoicing solutions company, yesterday unveiled the enhanced discount management capabilities for its e-invoicing platform, Invoices On-Line.
The company’s discount management capabilities enable buyers to capture more discounts from suppliers, which are funneled into higher return rates and enhanced supplier relations. Direct Insite says this capability allows suppliers to increase cash flow, receive more predictable payments, and suffer less profit leakage from unearned discounts.
“Working capital management remains a top priority for companies. Invoices On-Line uniquely facilitates the management of early payment discounts between trading partners, improving cash flow across the entire financial supply chain,” Direct Insite president and CEO Matthew E. Oakes stated in the press release. “Our new functionality provides all users interactive reporting and real time cash flow analysis based upon available discounts, and it maximizes supplier participation by enabling targeted communication regarding discount offers.”
Invoices On-Line e-invoicing platform supports three discount platforms:
• Pre-determined discounts – suppliers can electronically submit invoices utilizing the Invoices On-Line portal;
• Early payment discount options – suppliers can choose from a set of discounts offered by buyers; and
• Dynamic request/renegotiation – allows suppliers and buyers to initiate a discount proposal to trading partners.
For more information visit www.directinsite.com
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