The finance and procurement departments across many Higher Education institutions are evaluating P2P costs and processes to save money and work more efficiently. The solution for most innovative leaders is to achieve Straight-Through AP Invoice Processing and promote Dynamic Discounting initiatives.
Transcepta Dynamic Discounting allows total control for all stakeholders. Customers select which suppliers may receive early payment offers and the size and terms of the offers. Suppliers can opt in to receive every discount offered or choose to accept offers on an individual basis. Suppliers receive the cash they need quickly, while customers increase profit and enjoy the many benefits of a cash solvent supply chain.