Campaign Enhancements for Dynamic Discounting
Select suppliers for a dynamic discounting campaign based on payment terms, payment method, and payment currency. In order to maximize the effectiveness of the campaign, enable the campaign manager to select suppliers according to these criteria: suppliers with longer payment terms; suppliers who receive payments electronically; and currencies where the buyer has surplus cash.
Buying organizations can earn additional return on surplus funds by applying a discount dynamically over the length of the payment terms. The earlier the invoice is paid, the larger the discount received. The campaign manager can select suppliers for a dynamic discounting campaign based on the payment terms, payment method, and payment currency. This helps the campaign manager to tailor the dynamic discounting campaign to their target suppliers.
For example, the campaign manager can select suppliers with longer payment terms as they are more likely to accept dynamic discounting offers. They can also create multiple campaigns with different APR according to the range of payment terms. If the buyer has surplus cash in a specific currency, such as US Dollars, they can select only the suppliers who receive payments in US Dollars.
Business benefits include:
- Improved effectiveness of dynamic discounting campaign by targeting suppliers who are more likely to accept offer.
- Improved usability in building campaigns.
Steps to Enable
You don't need to do anything to enable this feature.