Markus Ament, our key topic expert, will present Dynamic Discounting on September 16th at the Harvey Spencer Associates annual conference that reunites the elite of solution providers in the fields of OCR, Document Management and Invoice Automation.
The importance of Dynamic Discounting as an emerging trend was emphasized by a recent Paystream Advisor survey of 275 US Companies: While only 4% of the companies aware of the concept have a solution implemented at this point in time, an amazing 33% are currently planning to implement Dynamic Discounting.
Dynamic Discounting frees significant amounts of capital from the financial supply chain. It allows suppliers to opt for earlier payment of approved invoices against additional discounts. Given the difference in cost of capital between large buyers and small suppliers, such acceleration is of mutual benefit: The suppliers receive payment earlier, while large buying organizations benefit from double-digit risk-free returns through additional discounts.
As the savings for large buyers are higher the earlier invoices are approved for payment, Dynamic Discounting improves the business case for AP automation and results in a strong additional justification for such automation projects.
Automation solution providers can easily turn Dynamic Discounting into an additional revenue stream by reselling our leading solution, either standalone or in combination with existing vendor portals.
States Harvey Spencer, “Our conference is targeted at highlighting complementary technologies to the document capture industry. We believe that the real value associated with automated paper based invoice processing is in enabling more effective cash and discount management. We have developed an interesting dynamic discount management solution which can leverage from the faster understanding and processing of these paper invoices.”
ABOUT DOCUMENT CAPTURE 2010
The Document Capture 2010 conference provides document capture leaders with an opportunity to learn about a wide range of topics, trends and important new technologies relevant to the capture industry. The conference gives the information and perspective needed to chart a course in today's turbulent but opportunity-rich document capture software market. The Document Capture 2010 conference program will include Harvey Spencer's valuable insights into the state of the document capture market as well as presentations and discussions from major players in complementary technologies that will directly impact the document capture market in the years to come, including Taulia Inc.
ABOUT HARVEY SPENCER ASSOCIATES (HSA)
Harvey Spencer Associates are specialists in the hardware and software used for capturing images and data from forms – electronic document imaging and forms processing software with OCR and other associated recognition technologies, e-forms capture and the integration of paper and electronic forms in B2B environments. Harvey Spencer Associates analyzes the document capture software market and provides assistance for Strategic Planning, Technological Direction and Product Positioning. For more information about Harvey Spencer Associates, please visit www.hsassocs.com.