Utilize cash discounts to increase cash available for business
Accounts Payable: Early Payment Discounts provide repeated reminders to the companies to schedule their payments according to the terms to avoid missing on the available cash discounts. Streamline the payment process to make it more effective and efficient. Regularly monitoring of Accounts Payable helps to keep the DPO rate in check.
This is where Navcara and Celonis combine their trengths:
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Navcara deploys automation engine to schedule the customer's payments to the suppliers before the due date is passed. So, that the company can get 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
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Pre Dashboard sets forth a current view of the Accounts Payable process with reference to cash discounts which incorporates details such as cash discount percentage, possible cash discount, lost cash discount, total invoice value and net cash discount etc. It also contains information regarding the top inefficiencies that negatively impact the cash discounts such as creating payments, receiving invoices, and cash discount due dates.
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