Imagine an organization with hundreds of suppliers happily taking discounts offered through a supplier self-services portal, and 85% of invoices being received electronically. In one year alone, imagine reaping the benefits of dynamic discounting to the tune of $46 million.
Sounds too good to be true? This isn’t an imaginary company, but the profile of a top performing Accounts Payable and Early Payment Discounting organization. As an early adopter of AP Automation (think 1980s), they achieved a head start by implementing automated PO invoice approval programs.
Aside from innovating early on, what else did this company do to become best in its class in the payables space? Find out in this case study by SpendMatters.