Dynamic Discounts  
Tap hidden profits in your AP balance.

Powered by Xign technology, the Dynamic Payment Network from GE - Corporate Payment Services (CPS) transforming the settlement process into a dynamic profit center. With technology and GE - CPS consulting, organizations can dramatically reduce processing costs, improve alignment between corporate departments, optimize vendor discounts, better manage working capital and increase purchasing card utilization and efficiencies. 

What is the Dynamic Payment Network?

The CPS solution is a web-based tool for automating the settlement of direct and indirect spend. It blends innovative discount capture technology, comprehensive supplier management features, and highly efficient, highly controlled settlement methods such as vPayment.

Key features of Payment Management:

- Customers can capture "sliding scale" discounts after the typical Net 10 threshold, on a prorated basis up to the maturity date of the invoice. In addition, many suppliers offer aggressive discounts for early payment above the standard two percent.

- Combining purchasing card, vPayment and ACH settlement options, organizations have the means to pay virtually all suppliers with whom they do business. This settlement suite reduces the "efficiency drag" of checks, gives Treasury improved control over payment timing, maximizes early payment discounts via the ACH network and increases card volume.

- Replacing paper checks with electronic payments via ACH helps Sourcing realize all term discounts your organization has worked hard to secure.

- Suppliers can use the online portal to view the status of invoices for better cash forecasting. This virtually eliminates payment status calls from suppliers into AP and simplifies their collection efforts.

Related Links

2006 Edge Volume II