Allows Both Customers and Suppliers To Have Total Control Over Discounting Decisions
ALISO VIEJO, CA--(Marketwired - December 01, 2016) - Transcepta, a leader in cloud-based electronic invoicing, AP automation and procure-to-pay solutions announced that the company has released an innovative Dynamic Discounting offering through the Transcepta Network.
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. Customers will be able to visit www.transcepta.com/trade-finance/supply-chain-finance-dynamic-discounting/ to learn more about offering early payments to suppliers.
"We are pleased to announce the release of Dynamic Discounting," says Lloyd Wendland, VP of Engineering of Transcepta. "The new platform allows us and our customers to focus on the goal of driving greater profitability and financial value across the supply chain."
The Dynamic Discounting offering is generally available in early January 2017, however select customers have already joined the early access program where they can start using it in production now, and provide feedback to Transcepta before the general availability release. A leading, higher education institution is already utilizing the new early payments platform with great success.
Transcepta connects Procurement and Accounts Payable professionals with their suppliers, enabling everyone to achieve greater profitability. Every day, thousands of companies access the Transcepta Network to improve e-invoicing and procure-to-pay processes, drive financial value across the supply chain, and communicate dynamically. Since 2005, the world's most respected companies have chosen Transcepta. Transcepta is headquartered in Aliso Viejo, CA. For more information, visit www.transcepta.com