What you're leaving on the table by not pursuing early pay discounts!

What is your annual PO Spend?

Early Pay Discounts

See how much AP could be saving your company!

Based on a multi-year study of nearly 400 AP departments, IOFM found that best practice organizations typically:

  • Can earn an early pay discount on 20% of their PO invoices;
  • Typical early-pay discounts are 2% of PO spend;*
  • And, top-performing teams capture 98% of their early-pay opportunities.

Find exclusive benchmarking data and innovative suggestions for taking it a step further in IOFM's Early Pay Discount Benchmarks Report.

Get the Report

* This is a conservative calculation. Anecdotal research conducted in the first half of 2020 finds that vendors are increasingly offering higher discounts of as much as 5%-7% while cash remains tight during the COVID-19 pandemic. Depending upon conditions and when in the year the discount was captured, the total savings could be even higher! (For example, a 2% discount on Net 10 would be the equivalent of a 36.7% annual rate of return.)

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