How can your treasury department generate millions of dollars with dynamic discounting, eInvoicing and supplier self-services?
First, don’t exclude any of your suppliers from being invited to use your vendor portal, whether they’re located domestically or internationally. While you’ll want to start with inviting your most strategic suppliers, universal portal adoption is the key to unlocking millions of dollars in discounts.
Second, make sure to get the right executive sponsors to support this project from the beginning. Agilent easily demonstrated the ROI in dynamic discounting and a vendor portal, obtaining partnership from many different departments.
In a live presentation on March 27th at 10AM PDT with Agilent Technologies, a leading global biotechnology manufacturer, Treasury Manager Dawnette Blake will show you:
- How to implement a global dynamic discounting program to maximize early payment discount capture
- How to get Accounts Payable, Procurement, IT and Treasury both involved and highly supportive of a dynamic discounting project
- Why top performing Treasurers don’t hold onto their cash in a low-interest rate environment