2011-08-02
Supply Chain Europe has published an article by Palette’s UK head, Lucy Beck, which explains how purchase-to-pay solutions can give you control of payment cycles – and help you gain over 30% annual return on capital through settlement discounts.
The article focuses on the techniques of dynamic discounting and reverse factoring, and explains how these processes help to maximise working capital, and the points to consider when implementing these payment strategies. It also states the need for system integration to ensure that all invoices are approved within the designated 5-day period.
To see the published article on Supply Chain Europe, visit: http://www.scemagazine.com/sce/current-issue.htm
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