Stretch Your Discount Opportunity Window
BidPay® widens your discount opportunity window, the period during which suppliers may offer (and you may accept) discounts for faster payment. In the old, static payable discounting model, the buyer’s right to take discounts is limited and finite, usually expiring between a few days to a few weeks after goods are received.
By providing you the means to retire payables at a discount virtually any time before they’re due, BidPay® makes discounting a dynamic process that takes place repeatedly throughout the discount opportunity window.
BidPay® transforms the outdated, static discounting model into a highly automated, real- time and highly profitable process that seizes on lucrative opportunities previously overlooked. Large supply chain buyers may capture millions of dollars of additional discount revenue annually while incurring no incremental cost.