Key Solution Features
For Suppliers
- Mechanism to negotiate discounted purchases
- Reduces ‘accounts payable’ processing and administration costs
- Ability to handle rebates, claims and returns
- Receipt of cash from daily sales next business day (100%)
- Improves cash-flow and reduces working capital employed
- Mitigates bad debt risk
- Efficiency through electronic payment and remittance
- Opportunity to increase sales through improved marketing and loyalty program
For Your Customers
- Increases margin on sales due to negotiated discounts via aggregated purchasing
- Frees up working capital through optional access to extended payment terms at competitive rates with no impact on suppliers
- A single, comprehensive statement for all purchases with Preferred Suppliers (combining trade account and loyalty point balances, purchase order and invoice details)
- Greater administrative efficiency through electronic invoicing and payment, which integrates with legacy accounting systems
- Frees up time spent on administration to concentrate and improve on retailing
Last updated: 14-01-2018