With rising maturity of Procure-to-Pay technology, most organizations are shifting from treating purchasing process as a transactional activity to a strategic one. One of the ways procurement teams are able to realize this shift is in maximizing on discount opportunities. Electronic invoicing has reduced the time required to process invoices making eInvoicing software a catalyst for discounting. Consequently with the right strategy, organizations today can increase the variety in types and sizes of discounts supported, providing suitable opportunities for every supplier and buyer.

The apt thing to do in such a scenario would be to implement robust discounting programs. But what are the things you need to ensure your program’s success?

Follow this checklist to make your discounting program a success. Find out how Intelligent Dynamic Discounting from Zycus helps you achieve savings goals on time.