Providing Better Experiences

 

Did you know...?
A company that processes $10M per month in payables, currently taking discounts on 20% of payments can...
...increase discounts by another 20% and improve their annual cash flow nearly $500,000!

When Accounts Payable does not have visibility to essential aspects of the entire receipt-to-payment process, it may not be possible to process and pay suppliers within terms. As a result, discounts may be lost and the financial impact may be significant.

Compared to paying in 30 days for example, assuming terms of 2/10 net 30, paying within 10 days and taking the 2 percent discount, is equivalent to getting a return of over 36%!

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Optimizing the Process

With Insight’s simple interface and real-time capability you can:

  • Age the data ‘As Of’ a particular moment in time, rather than having to rely on a snapshot Aged Payables report.
  • Summarize transactional AP data into management summaries with full drill-down to invoice detail.
  • Instantly analyze this summary information by Supplier, Payment Manager, Buyer, or any of the other metrics within your ERP.
  • View best and worst performing suppliers by cost, delivery, and other essential metrics.
  • Easily match invoices and payments from within a single screen.
  • Make the real-time information available on-line so that all payment stakeholders (i.e. A/P clerks, buyers, etc.) can collaboratively manage the process.
Why not use our full ROI Calculator to see how much your could save?
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