Dynamic Discounting describes an arrangement between a buyer and supplier whereby payment for goods or services is made early in return for a reduced price or discount. The arrangement includes the ability to vary the discount according to the date of early payment. The earlier the payment, the greater the discount. Through dynamic discounting, large organizations can reduce their total spend by automating and maximizing supplier discounts, while suppliers get paid earlier at a lower cost of capital than alternative options.
Read more about Dynamic Discounting: How Does Dynamic Discounting Work?, Features, Benefits
Famous quotes containing the word dynamic:
“We Americans have the chance to become someday a nation in which all radical stocks and classes can exist in their own selfhoods, but meet on a basis of respect and equality and live together, socially, economically, and politically. We can become a dynamic equilibrium, a harmony of many different elements, in which the whole will be greater than all its parts and greater than any society the world has seen before. It can still happen.”
—Shirley Chisholm (b. 1924)