Dynamic discounting had everyone buzzing at PayStream Summit 2011 and it’s easy to understand why. The huge savings opportunity for Accounts Payable (sometimes in the millions of dollars) is difficult to ignore.
Whether you call it dynamic discounting or discount management, taking advantage of early pay discounts with suppliers is not going anywhere. We’re excited to announce that Eli Lilly, one of the largest global pharmaceutical companies, is sharing how they leveraged their existing automation to take advantage of early pay discounts in the session “Turning AP into a Profit Center: Leveraging Automation to Optimize Supplier Discounts.” Eli Lilly partnered with Direct Commerce to handle their high-volume transactions and set the stage to save millions of dollars annually with discount management.
Stay tuned as we announce more automation case studies and mark your calendars for September 17-19 in Charlotte.
What other topics do you think will take center stage in 2012?
