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Early Payment Incentives

Identify suppliers who offer early payment discounts

Free Up Working Capital

INDUSTRY

3PL

Apparel & Fashion

Consumer Electronics

Consumer Goods

Cosmetics

Food & Beverage

Retail

BUSINESS FUNCTION

Procurement

Missing out on potential cost savings through early payment discounts.

A number of suppliers offer discounts for early payments, which can lead to significant cost savings.

Supplier	Discount for Early Payment	Standard Payment Terms	Potential Annual Savings
Supplier A	2% if paid within 10 days	Net 30	$4,000
Supplier B	1.5% if paid within 15 days	Net 45	$3,000

Leveraging early payment discounts can improve cash flow management and reduce overall procurement costs.

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