Features
- Discount amount is calculated dynamically based on the number of days remaining until the due date
- Discounts do not need to be negotiated in advance, rather the buyer can set a liquidity limit and interest rates and allow the supplier to dynamically take discounts as working capital needs dictate
- Trading parties can tap into a risk-free, alternative source of working capital with the use of third party creditors whom pay early on behalf of the buyer
- With companies such as Ariba, dynamic discounting is available on 100 percent of invoice spend, regardless of submission type
Read more about this topic: Dynamic Discounting
Famous quotes containing the word features:
“Art is the child of Nature; yes,
Her darling child, in whom we trace
The features of the mother’s face,
Her aspect and her attitude.”
—Henry Wadsworth Longfellow (1807–1882)
“Each reader discovers for himself that, with respect to the simpler features of nature, succeeding poets have done little else than copy his similes.”
—Henry David Thoreau (1817–1862)
““It looks as if
Some pallid thing had squashed its features flat
And its eyes shut with overeagerness
To see what people found so interesting
In one another, and had gone to sleep
Of its own stupid lack of understanding,
Or broken its white neck of mushroom stuff
Short off, and died against the windowpane.””
—Robert Frost (1874–1963)