The Kyriba Dynamic Discounting workflow is straightforward and designed with the supplier in mind. Approved invoices are uploaded from the buyer’s ERP and the supplier will elect which invoices they would like to be paid early. Kyriba Dynamic Discounting will then calculate the payment required, based upon the agreed terms, and integrate with the ERP to support the updated workflow.
2. Reverse Factoring
Kyriba’s reverse factoring solution also provides suppliers with early payment of approved invoices, but instead introduces a third party to deliver invoice financing. Similar to Dynamic Discounting, Reverse factoring offers an attractive alternative to factoring programs for sellers, by offering a lower discount and more flexible terms than they would achieve on their own. For the buyer, Reverse Factoring offers an opportunity to extend DPO (Days Payable Outstanding), improving working capital while not hurting the liquidity of key suppliers. The Kyriba platform manages the entire reverse factoring workflow, presenting uploaded invoices for suppliers to review and evaluate. Suppliers can individually select invoice for early payment or choose auto-finance options, depending on the terms of the program. The Kyriba platform will calculate updated payment terms and integrate with the ERP to support the updated workflow.
Kyriba is the global leader in cloud treasury and finance solutions, uniquely integrating cash management, payments, and supply chain finance in a single cloud platform