Previously recorded webinar.
The combination of automation and new bank products make supplier early payment discounts a real opportunity. It is now possible to scale invoice discounts without the prior manual steps (e.g., supplier enrollment, journal entries and tax considerations). The value of proper cash management equates to $1M in recurring value for every $100M enrolled in supplier invoice programs.
What are the key considerations, methods and risks for initial and on-going invoice discounts programs? What are the pros and cons of the varied bank products (e.g., p-card, virtual cards, auctions)? What are the key communications and stakeholders that need to buy-in for success? What are the key Policy, Standards and Controls that need updating to provide a secure environment?
These common questions are discussed by our panel of experts in this webinar recorded on June 22, 2010.
Speakers: