Dynamic Discounting

The people who make the payments — the finance and accounts payable teams — are a critical part of the source-to-pay process. They are responsible for paying your suppliers. But they can also contribute significantly to your strategic savings targets.

GEP SMART accelerates your entire opportunity-to-invoice process. It’s now faster and easier than before to secure the right deals and purchase the goods and services you need within those deals. The finance team can take advantage of this new streamlined process to achieve more savings through dynamic discounting.

With comprehensive spend visibility at every stage of the procurement cycle, the finance team can better plan the cash flow and use the cash-on-hand to increase savings by offering suppliers immediate or accelerated payment of an invoice in return for a spot discount. There’s value in getting immediate or accelerated payment for the suppliers and they can share that with you.

GEP SMART’s dynamic discounting functionality empowers your finance and AP team to deliver increased savings by tactically using the cash available to pay invoices that yield the best discounts.



Spend Analysis ToolMulti-System Integration
Multi-System Integration

GEP SMART  integrates seamlessly with existing enterprise systems — ERPs, SRMs or sourcing tools — to create new supplier records and update transactions. Supplier master data is validated and cleansed automatically while loading.

Savings Tracking ToolData Integrity
Data Integrity

GEP SMART ’s Supplier Master Data Management tool automatically aggregates, cleans and normalizes supplier data records. It then compares the supplier master data to GEP SMART s Vendor Master for verification and quality assurance.

Sourcing ToolIterative Processing
Iterative Processing

Supplier MDM processes data in batch and real-time cadences. Real-time services execute at point of entry, record creation and updates. Batch services execute against existing supplier records during migration and initial integration.

Contract Management ToolWorkflow & Administration
Workflow & Administration

Review actions taken by the Supplier MDM tool ensure enterprises have a single, trusted source of truth for all supplier data. Users can centrally govern master data using configurable business rules, enabled processes and workflows.

Supplier management ToolVendor Master
Vendor Master

GEP SMART ’s vendor master acts as a trustworthy primary source for the master data records of every supplier in the enterprise. This ensures that the supplier risk and performance modules are consistently stocked with accurate vendor data.

Purchasing ToolLive Supplier Record
Live Supplier Record

Supplier MDM removes, duplicates and enriches records with verified updates, ensuring accurate and up-to-date data. It also provides holistic visibility into supplier history and performance across operating units, time, and geography.