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apexanalytix | Dynamic Discounting

With advanced analytics, predictive modeling, and seamless automation, Dynamic Discounting addresses common blockers that hinder the adoption of early payment programs.

Our module analyzes supplier behavior for optimal discount opportunities, communicates offers, track outcomes and achieves maximum supplier adoption.

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Max Supplier Adoption Starts at Onboarding

apexanalytix’s approach to supplier management streamlines all communications into a single channel, covering everything from onboarding and ongoing management to procure-to-pay initiatives. Enable Supplier Registration for seamless onboarding with pre-built, highly customizable supplier segmentation feature, ensuring your operations stay compliant from day one. Enforce standardized or segment-specific payment term policies right from the start.

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Feature

Customize Your Early Payment Discount Programs

Tailor your offers by supplier segment: based on product or service categories, supplier size, location and more. From fixed-rate discounts to adjustable offers, the Dynamic Discounting module ensures precision and scalability for diverse business environments. Your suppliers will also appreciate the flexible options for all invoices, one-offs, or even offers they initiated.

  • Fixed-rate early payment discounts
  • Sliding-scale offers initiated by buyers
  • Supplier-initiated auctions where vendors compete for early payments
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Feature

Leverage Advanced Predictive Analytics

Harnessing the power of 80+ data points—including industry trends, supplier activity, payment habits, and transaction history—our Cash Discount Likelihood (CDL) scoring model predicts which suppliers will accept an early payment in exchange for a discount and at what rate.

With data-driven personalization, your company can create highly targeted offers that drive early payment adoption and optimize working capital efficiency, resulting in improved cash flow and reduced financial strain.

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How it Works

Cash Discount Likelihood (CDL) Scoring

Our proprietary machine-learning model, developed with input from treasury and finance experts, utilizes predictive analytics to determine the likelihood of a supplier accepting a discount.

Step 1

Onboard Suppliers

As part of apexanalytix's supplier onboarding, we collect data (address, tax id, SIC code, etc.) and validate it against 1,000+ trusted sources to ensure the vendor data is complete, robust and accurate.

When spend data is integrated into our platform and suppliers are using our supplier-facing inquiry portal for invoice and payment visbility, behavioral data is gathered.

Validation
Feature

Make Acceptance Simple

Ensuring your early payment offers are convenient from day one encourages more suppliers to take advantage of offers and maximize your program’s ROI.

Automated Marketing

  • Automated Marketing

  • Expert Guidance and Support

  • Automated Acceptance

  • More Ways to Get Paid

  • Integration with P2P systems

Automated Marketing

Deliver targeted, early payment offers with personalized automated messaging. Leverage the power of marketing automation to reach suppliers through multiple channels, including email, text, and portal notifications. Tap into our vast database of over 250 million verified suppliers to amplify participation.

Strategic, multi-channel communication drives higher supplier engagement, resulting in a significant increase in captured discounts.

Expert Guidance and Support

Work with a dedicated team of cash management professionals. Our experts work hand-in-hand with your suppliers to build trust, streamline onboarding, and enhance program adoption. Personalized support ensures program success at every step.

Additionally, our service team can provide comprehensive marketing support to drive adoption of our offers. We’ll work with you to craft targeted emails, make strategic calls, and develop customized offers that cater to the unique  requirements of your suppliers, ensuring they’re aware of and receptive to the benefits we provide.

Automated Acceptance

Emphasize ease of use with one-click offer acceptance. Suppliers can confirm early payment offers directly from their email or an intuitive dashboard— no login required. Their responses are instantly reflected within your system.

Add even more convenience by allowing suppliers to opt into “always accept early payment offers” for an effortless experience for them, and continuous engagement for your program. Maximizing your ROI.

More Ways to Get Paid

Empower your suppliers with choice by offering immediate payment through wire transfers as an alternative to ACH (or equivalent), accompanied by an additional discount. Flexibility helps create stronger supplier satisfaction, while unlocking enhanced profitability for your programs.

Integration with P2P systems

Seamlessly integrate with your ERP, e-invoicing, and source-to-pay systems. The platform’s secure open adapter ensures compatibility with all major systems, creating a unified, efficient workflow without disrupting your existing processes.

Benefits

Dynamic Discounting Benefits Every Department

Dynamic Discounting empowers enterprises to turn every invoice into an opportunity to save. It isn’t just another AP tool—it’s a strategic enabler for finance and procurement teams:

Accounts Payable

Accounts Payable Teams can streamline invoice management while reducing manual workloads.

Finance

Finance Managers can optimize cash flows by structuring tailored discount offers that align with working capital requirements.

Procurement

Procurement Officers can strengthen supplier relationships with faster payments, fostering loyalty and trust.

Risk

Financial Risk Managers can drive significant savings via improved discount capture rates and reduced payment term risks.

Resource

Best Practices for Early Payment Programs in 2024

Early payment programs can be a win-win for both buyers and suppliers. To maximize the success of your early payment program, we recommend following these six best practices.

 

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