Enhancing Your Accounts Payable Process with Supplier Discounts for Early Payment
Here’s the basic breakdown: you receive a 2% discount for paying an invoice 20 days ahead of its due date. That’s the power of early payment discounts. Suppliers offer incentives for faster payments, allowing buyers to reduce the total amount owed. With the right approach, this becomes more than an occasional perk, it’s a repeatable, scalable benefit.
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