Tradeshift Announces Dynamic Discounting as Latest Early Payment Offering to
Suppliers and Buyers
SAN FRANCISCO, CA -- (Marketwired) -- 10/22/13 -- Tradeshift, the
fastest growing business platform where buyers and suppliers
transact, collaborate and share, has announced their latest early
payments offering -- Dynamic Discounting.
Following the recent release of a $3 billion supply chain financing
offer through CapitalAid, Dynamic Discounting is yet another
financial solution fully integrated into the Tradeshift platform
providing easy access to cash for suppliers.
"Many feel that finance, and business in general for that matter, is
a zero sum game. We've never seen it like that at Tradeshift. Rather,
we recognize that when you deliver real value, you receive it in
return," explained Tradeshift SVP of Product, Mihir Nanavati on
Tradeshift's company blog. "Early payment solutions, specifically
Dynamic Discounting, have the potential to strengthen a supplier and
help them grow while reducing costs for buyers. This is not a
winner-takes-all game. Every solution we develop shares this goal of
delivering value to both ends of the transaction -- Tradeshift
Dynamic Discounting does just that," he continued.
The old story goes something like this -- smaller companies need
access to cash and their invoices paid quickly so they can stay in
production and grow. Their big customers prefer extended payment
terms and like to keep their cash on hand for as long as possible.
Dynamic Discounting provides a fix for both participants. When buyers
pay early, suppliers provide discounts on invoices. The earlier they
pay, the greater the discounts. Smaller companies get the cash they
need quickly, and the big guys save money and enjoy the many benefits
of a cash solvent supply chain. As long as the terms are fair, both
Suppliers using a registration application running on Tradeshift to
sign up with a new trading partner are prompted to sign up for
Dynamic Discounting. And from the buyer side, it's just as simple.
Define your discount offer for the suppliers who have expressed
interest in joining the program. Then send the offer to suppliers
with just a few clicks.
Tradeshift Enterprise customers who are already experiencing benefits
of electronic invoicing will
find that their discount capture rate
exceeds expectations, thanks to Tradeshift's collaborative workflow
with mobile enablement of invoice coding, review and approval.
Tradeshift is a platform for all your business
interactions. It helps companies run more efficiently by harnessing
the power of their network to create new value from old processes
like invoicing, payments and workflow.
Launched in 2010, Tradeshift connects hundreds of thousands of
companies across 220 countries. Businesses on the platform include
DHL, the National Health Service (NHS), French Government, MITIE and
Vestas Wind Systems.
Tradeshift was awarded Best Enterprise at The TechCrunch Europa
awards and Most Innovative Solution by Financial-I. TechCrunch also
recognized it for "Kicking Ass Globally."
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2435430
Press spacebar to pause and continue. Press esc to stop.