Placeholder canvas

iGTB Intellect

Dynamic Discounting

Dynamic Discounting

Introduction

Dynamic discounting is a solution that gives buyers more flexibility to choose how and when to pay their suppliers in exchange for a lower price or discount for the goods and services purchased. The “dynamic” component refers to the option to provide discounts based on supplier payment dates. In most cases, the earlier the payment is made, the greater the discount.

 

Dynamic discounting enables buying organisations and their suppliers to initiate early-pay discounts on an invoice-by-invoice basis. This Solution allows both parties to view invoices through a web-based platform and select approved invoices for early payment.

 

The main benefit of dynamic discounting is that the buyer can use their balance sheet or excess cash to generate additional purchasing discounts-the seller benefits by reducing working capital and getting paid earlier.

 

iColumbus.ai Platform’s supply chain finance offering supports Dynamic Discounting, giving buyers more flexibility to choose how and when to pay their suppliers in exchange for a lower price or discount for the goods and services purchased. It enables buying organisations and suppliers to initiate early-pay discounts on an invoice-by-invoice basis.

Front-end portal supports:

The Solution supports bulk upload/ manual creation of invoices. The Solution can also integrate with the Bank's current methodology to communicate with the client's ERP system, which can fetch invoices from a specified folder within the Bank's system.

Buyer proceeds to maintain the Dynamic Discounting offer, which includes parameters like - offer validity period, invoice due date up to Seller/Seller groups for whom the said offer is applicable, tier-based and discount rates.

 

The seller receives notification of the Dynamic Discount offer and requests payment to the buyer by selecting one or multiple invoices falling within the given offer parameter.

The buyer receives the request and initiates payment for the selected invoices, which will be marked as Paid.

Frame 1000006916
01 1

Build on the most advanced M-aware solution architecture

Group 163

Multi Country

True Multi Country Solution

Flexible Deployment Model Aligning to Bank Aspiration (Single or Multiple instance)

Group 346

Multi Currency

Multi / Cross Currency transaction Support

Real time FX Integration

Group 347

Multi LOB

Receivables Purchases

Advanced Payables

Loan

Frame 1000005863
cloud.png
Frame 10000058631
Group 348

Multi Entity

Group-Subsidiary Company Relationship Support

Centralized Treasury operation

Group 349

Multi Lingual

UNICODE 8 Complaint

Multi Lingual UI

Group 350

Multi Segment

Solution designed to support Segment specific Digitization needs

Large MNC, SME, HNI

Build on the most advanced M-aware solution architecture

Arrow 11
Group 163

Multi Country

True Multi Country Solution
Flexible Deployment Model Aligning to Bank Aspiration (Single or Multiple instance)

Group 346

Multi Currency

Multi / Cross Currency transaction Support
Real time FX Integration

Group 347

Multi LOB

Receivables Purchases
Advanced Payables
Loan

Cloud
Group 348

Multi Entity

Group-Subsidiary Company Relationship Support
Centralized Treasury operation

Group 349

Multi Lingual

UNICODE 8 Complaint
Multi Lingual UI

Group 350

Multi Segment

Solution designed to support Segment specific Digitization needs
Large MNC, SME, HNI

Arrow 32

Perspective

Image 36 2
Whitepaper

Survival strategy with supply chain finance

Image 35 2
Case Study

ENTERPRISE CASE STUDY: Building on New Banking Environments

Image 35 3
News

Two Raiffeisen Landesbanken Go Live with Intellect’s Digital Trade Finance Solution

Image 35 4
News

Bank of Baroda’s new digital Supply Chain Finance solution from iGTB

Download our whitepaper