Never lose a discount again!

 

Would you like to minimize your loss of cash discounts, but do not know how? We support you in making the most of your discount potential!

Time is money - this motto also applies to the processing of invoices! Because many suppliers grant a discount of around three percent if the invoices are paid quickly. These discounts add up to considerable savings potential each year. With us, the discount 🚦 jumps to GREEN!

Based on the selection attributes provided, we determine your discount loss rate. The basis for mapping the discount loss rate is the ratio of various factors that are retrieved from your ERP system. For this purpose, the invoices with potential discount are determined and set in relation to the discount drawn and the number of unused invoices with a possible discount. By this you will be able to answer the following questions:
 

• How high is your discount loss rate per supplier or company code?
• How is the loss of discount distributed over a certain period?
• Where do recurring cash discount losses accumulate?
• What discount potential can be expected in the future?

The causes of loss of discounts can vary. Without a solution for the automatic processing of incoming invoices, employees need an average of up to three weeks from order to payment approval. In addition to manual data entry, the main reasons for this are lengthy internal approval processes that are handled by internal mail.

 

If you already have a document management system, loss of discounts is often the result of process blockers in your workflow engine. Lead times can be analyzed and accelerated. More information on how you can successfully discover and eliminate process blockers can be found here.