Dynamic discounting

Kyriba Launches New Receivables Finance Solution to Help Finance Teams Facing Higher Interest Rates and Inflation

Retrieved on: 
Tuesday, December 13, 2022
Software, Internet, Finance, Accounting, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, DSO, API, CFOS, Workflow, Working capital, Fraud, Software as a service, Accounting, KPI-driven code analysis, Dynamic discounting, Survival, Artificial intelligence, ERPs, ERP, Risk, Online shopping, Bank, Bookkeeping, Report

Kyriba , the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance.

Key Points: 
  • Kyriba , the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance.
  • The solution provides finance teams with greater control over factoring or securitisation programs as well as enabling selective invoice financing.
  • In 2023, corporate insolvencies are expected to grow by 10% in UK1 due to higher energy prices, and rising interest rates and wages.
  • Kyriba Receivables Finance enables CFOs to release funds tied up in unpaid accounts receivables, quickly convert them into cash and optimise decision making, said Edi Poloniato, Head of Working Capital, Kyriba.

Kyriba Launches New Receivables Finance Solution to Help Finance Teams Facing Higher Interest Rates and Inflation

Retrieved on: 
Tuesday, December 13, 2022
Software, Internet, Payments, Finance, Accounting, Professional Services, Technology, Fintech, DSO, API, CFOS, Workflow, Working capital, Fraud, Software as a service, Accounting, KPI-driven code analysis, Dynamic discounting, Survival, Artificial intelligence, ERPs, ERP, Risk, Online shopping, Bank, Bookkeeping, Report

Kyriba , the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance.

Key Points: 
  • Kyriba , the global leader in cloud-based financial and IT solutions, has today announced the launch of Kyriba Receivables Finance.
  • The solution provides finance teams with greater control over factoring or securitization programs as well as enabling selective invoice financing.
  • In 2023, corporate insolvencies are expected to grow by +19% globally1, due to higher energy prices, and rising interest rates and wages.
  • Kyriba Receivables Finance enables CFOs to release funds tied up in unpaid accounts receivables, quickly convert them into cash and optimize decision making, said Edi Poloniato, Head of Working Capital, Kyriba.

LSQ Experiences Explosive Platform Growth in 2020

Retrieved on: 
Thursday, January 28, 2021
Supply chain management, Economy, Corporate finance, Working capital management, FastTrack, Finance, Supply chain finance, Fast track, LSQ, Working capital, Dynamic discounting, Money

ORLANDO, Fla., Jan. 28, 2021 /PRNewswire/ --LSQ, a leading provider of technology-driven working capital solutions, today highlighted its business progress and key achievements for 2020 anchored by the continued growth of its LSQ FastTrack Working Capital Platform.

Key Points: 
  • ORLANDO, Fla., Jan. 28, 2021 /PRNewswire/ --LSQ, a leading provider of technology-driven working capital solutions, today highlighted its business progress and key achievements for 2020 anchored by the continued growth of its LSQ FastTrack Working Capital Platform.
  • We also reached an important inflection point in the growth of our LSQ FastTrack platform, added exciting new strategic partnerships, and remained a resilient source of funding for our clients throughout the pandemic," stated Dan Ambrico, CEO of LSQ.
  • LSQ continued the accelerated growth of LSQ FastTrack, it's unified working capital platform that allows enterprises of all sizes to offer supply chain finance , dynamic discounting, and accounts receivable finance to their entire Seller ecosystem.
  • LSQ formed a technology partnership with LexisNexis to integrate supply chain finance for legal receivables into their CounselLink platform.

True Payment Network Enhancements Aid Vendorin In Taking Their Integrated Electronic Payments Service To Elite Level

Retrieved on: 
Wednesday, October 28, 2020
Business, Articles, Accounts payable, Liability, Accounts receivable, Economy, Payment, Dynamic discounting, Supplier enablement

"Now, thanks to even more exciting updates to our proprietary payment network, all of Vendorin's electronic payment types will integrate with both accounts payable (AP) and accounts receivable (AR) systems."

Key Points: 
  • "Now, thanks to even more exciting updates to our proprietary payment network, all of Vendorin's electronic payment types will integrate with both accounts payable (AP) and accounts receivable (AR) systems."
  • Johnson said that understanding the intricate level of service required to enable and effect the proper electronic payment type for the benefit of both suppliers and buyers was the key to taking the payment network to the next level and maximizing its capabilities.
  • Prior to these latest software enhancements, Vendorin, founded in 2007, had already surpassed a total payment processing volume of $20 billion annually.
  • Vendorin sets the standard in the industry, company executives say, by providing electronic payments of no less than 95% of a client's AP and AR.

EQS-News: ALSO goes live with AI-enhanced Celonis Execution Application for Accounts Payable

Retrieved on: 
Tuesday, October 20, 2020
Business, Accounting, Liability, Articles, Accounts payable, Invoice, Supply chain management, Working capital management, Accounting software, Dynamic discounting

Celonis, the global leader in Execution Management Systems (EMS) and the Swiss-headquartered technology provider ALSO today announced the successful go live of the Celonis Execution Application for Accounts Payable.

Key Points: 
  • Celonis, the global leader in Execution Management Systems (EMS) and the Swiss-headquartered technology provider ALSO today announced the successful go live of the Celonis Execution Application for Accounts Payable.
  • It is part of the new Celonis Execution Management System, enabling businesses to optimize execution capacity and close execution gaps.
  • The Celonis Execution App for Accounts Payable allows ALSO to take full advantage of valuable cash discounts offered by many suppliers for early payment.
  • At ALSO, the Celonis Execution Application for Accounts Payable enables finance leadership to plan, set and operate a strategy for the daily processing of invoices.

PrimeRevenue Injects Critical Liquidity into Global Economy Amid Supply Chain Disruption, Sees Dramatic Spike in Demand for Early Payment

Retrieved on: 
Wednesday, April 8, 2020
Supply chain management, Economy, Working capital management, Dynamic discounting, Financial markets, Business, Market liquidity, Finance, Working capital, Global supply chain finance, Asset and liability management

The impacts of COVID-19 have created a global need for liquidity and these played out very quickly on PrimeRevenue's working capital platforms.

Key Points: 
  • The impacts of COVID-19 have created a global need for liquidity and these played out very quickly on PrimeRevenue's working capital platforms.
  • March showed suppliers trading 93% of available invoices for early payment, well above the typical rates ranging between 70% and 80%.
  • The demand for cash stems from companies' rush to secure critical liquidity during this period of extreme uncertainty.
  • Unlike dynamic discounting or early pay discounts,supply chain finance provides a net working capital benefit to both sides of the transaction injecting critical liquidity into the supply chain two-fold.

1st Commercial Credit introduces Vendor Procurement Card - $10 Million Credit Limit

Retrieved on: 
Wednesday, March 11, 2020
Working capital management, Economy, Business, Corporate finance, Supply chain management, Accounts receivable, Articles, Reverse factoring, Accounts payable, Factoring, Rebate, Dynamic discounting

Are you passing up on early payment discounts to suppliers?

Key Points: 
  • Are you passing up on early payment discounts to suppliers?
  • Take advantage of our trade payable program and earn cash back rebates using our payables platform.
  • Optional pay early & get a rebate, It's That Simple!
  • 1st Commercial Credit is a factoring company that provides reverse factoring and supply chain financial solutions for business to business transactions.

American Express Expands Suite of Global Business Payment Capabilities Through Acquisition of acompaytm

Retrieved on: 
Wednesday, July 31, 2019
Data management, Banking, Technology, Professional services, Other Consumer, Consumer, Mobile, Wireless, Finance, Economy, Finance, Money, Payment systems, Credit cards, Accounts payable, Liability, American Express, Dynamic discounting, Bill.com

Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.

Key Points: 
  • Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.
  • acompaytm was developed in 2016 as a digital payment automation solution for accounts payable (AP) departments.
  • Through this acquisition, American Express is continuing to scale their B2B payments and working capital business.
  • American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.

Scientist.com Launches SciPay®, an Award-Winning Early Payment Program for Suppliers of Research Services

Retrieved on: 
Monday, May 13, 2019
Business, Marketing, Economy, Supply chain management, Dynamic discounting, Working capital management, Discounts and allowances, Scientist.com, Payment, Global supply chain finance, Factoring

SciPay features early payment options, invoice management tools and dynamic discounting.

Key Points: 
  • SciPay features early payment options, invoice management tools and dynamic discounting.
  • Any of Scientist.com's 2,850 registered suppliers can receive payment for completed marketplace transactions in as little as 15 days.
  • "Long payment terms are one of the biggest challenges facing small and mid-sized suppliers of pharmaceutical research services," said Kristopher Kagan, Scientist.com's Vice President of Finance.
  • "Marketplace suppliers can now use SciPay to receive early payment, increasing their cash flow and allowing them to focus on delivering the most innovative research tools and technologies."

Which Invoice Deadline Should One Choose? An Overview of Different Customer Payment Terms

Retrieved on: 
Friday, May 18, 2018
Economy, Business, Discounts and allowances, Distribution, Pricing, Sales promotion, Payment, Credit, Dynamic discounting, Net D

And do these payment terms benefit or restrict a business?InterstateCapital discusses the most common customer payment terms and the impact they have on a business.

Key Points: 
  • And do these payment terms benefit or restrict a business?InterstateCapital discusses the most common customer payment terms and the impact they have on a business.
  • Although establishing and enforcing payment deadlines is critical to healthy cash flow management, most business owners would say they have no idea of the hidden traps of customer payment terms.
  • With extended, net 90-day payment terms, the customer has 90 days to pay the net 90 amount (total minus any discounts), before accruing a finance charge.
  • Now that the most common terms of payment have been explored, here is a list of the obstacles that different customer payment terms can present for small businesses.