What is dynamic discounting?
Dynamic discounting is a system of payment that allows vendors to incentivize buyers to pay for orders sooner by offering time-sensitive discounts. For example:
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Benefits |
...to BuyersWith an automated P2P system, you're processing invoices faster anyway; dynamic discounting allows you to turn your greater efficiency into better pricing.
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...to SellersExtending dynamic discounts to your buyers results in a faster turnaround on payment; if cash-in-hand is of more value to you at the moment than higher margins, dynamic discounting can help.
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Dynamic Discounting in The Order Hub
The Order Hub presents the invoicing vendor with a list of relevant discount options.
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