“Dynamic payables discounting is an innovative new technology for AP. It’s gaining popularity with AP, procurement, and treasury departments and has advantages for each,” says Henry Ijams, managing director and founder of PayStream Advisors, Inc. (Charlotte, N.C.), an automation consulting firm that specializes in emerging technologies in the financial supply chain, including an emphasis on AP. “Dynamic payables discounting is a process that allows buyers and sellers of commercial goods to dynamically change the payment terms. It allows the suppliers, say ‘pay me now’ and control the timing of payments.”
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