Join the ASUG Treasury SIG and Accounts Payable SIG for this webcast on Cloud-Based Dynamic Discounting and Streamlined Accounts Payables. See Event Details.
Dynamic Discounting enables companies to save millions of dollars annually by bringing automated early payment discounts to 100% of the invoices from 100% of the suppliers. It offers corporate treasury a risk-free short-term investment opportunity that can generate over 50 times greater returns on their cash than Money Market Accounts (MMA) and Treasury Bonds (T-Bonds).
This session starts with a short introduction to Dynamic Discounting, its benefits and its use and outlines the key improvements over traditional payment terms and discounts. The presenter will explain the importance for addressing invoice spend right from within the SAP ERP system and regardless of the invoice medium.
You will then hear from Pacific Gas & Electric Company (PG&E) about how by employing an SAP-centric approach their Dynamic Discounting program is well underway to deliver annual savings of $5 million per $1 billion in invoice spend. Learn from PG&E best practices for implementing a successful Dynamic Discounting program, from setting ambitious goals, via the provider selection, to their experience with Dynamic Discounting as well as the added benefits and improvements it has provided for their Purchase-to-Pay (P2P) process.
Ben Shaffer, Manager Accounts Payable, Pacific Gas & Electric Company (PG&E)
Bertram Meyer, CEO, Taulia Inc.
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