Capture Discounts, Boost Savings.
This AI agent helps companies maximize savings by identifying invoices eligible for early payment discounts and, based on current cash flow and the discount's value, recommending whether to take them.
The Problem
Problem Solved:
Manually tracking all early payment discount opportunities across numerous invoices and deciding whether to take them based on fluctuating cash availability can be complex. Missed discounts represent lost savings.
Key Features & Benefits
Key Features & Benefits:
- Maximizes Savings from Discounts: Ensures no valuable discount opportunities are missed.
- Improves Supplier Relationships: Paying early can strengthen ties with key vendors.
- Optimized Cash Flow Usage: Balances discount benefits against cash availability.
- Automated Identification: Scans all invoices for discount terms.
- Data-Driven Recommendations: Considers ROI of taking the discount vs. holding cash.
How It Works
How It Works:
The agent uses Machine Learning (ML) and Predictive Analytics to forecast short-term cash availability. It identifies invoices with early payment discount terms. Rule-Based Systems and analytical models then evaluate the financial benefit of taking each discount against the cost of capital or opportunity cost of using the cash, providing a recommendation.
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