Maximize savings by early payment advantages
Accounts Payable: Capturing & Maximizing Cash Discounts remind companies to make timely payments to avoid missing out on the available cash discounts. It improves the payment process by streamlining it for greater effectiveness and efficiency. Regular monitoring of Accounts Payable helps to keep the DPO rate in check.
This is where Navcara and Celonis combine their strengths:
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Navcara deploys automated engines to schedule the customer's payments to the suppliers before the due date is passed. So, that the company can benefit from the available cash discounts.
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In collaboration with Celonis, Navcara provides flexibility to businesses that makes it possible for the organization to manage payments with less complexity.
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Intelligent process automation weeds out bottlenecks responsible for slowing down the invoicing process.
Features & Capabilities
Pre Dashboard sets forth a current view of the Accounts Payables process concerning cash discounts which incorporates details such as cash discount percentage, possible cash discount, lost cash discount, total invoice value, net cash discount, etc. Additionally, it contains information on the top inefficiencies negatively impacting the cash discount process.
