Early payment to your suppliers in return for a discount and extend your own payment term
ince 1987 the Dataline Group has been at the forefront of making accounts payables easy for organisations in Australia and New Zealand.
Dataline’s accounts payable solution for MYOB will help you save time and money by managing your current manual processes associated with accounts payable. With faster approval times of invoices, take the opportunity to pay your suppliers early in return for a discount.
Invoice Automation – With faster invoice approvals, you have an opportunity to select which invoices you wish to pay early in return for a discount
Supplier Offer – Selected suppliers that you wish to pay early will receive an email offering an early payment of the invoice in return for a discount
Gain A Discount – Recieve an acceptance from your supplier for early payment and get notified of the discount amount and new payment date for the invoice
Retain Your Cashflow - Use the discount to leverage funding of the invoice to extend your own payment terms by up to 90 days.
Turn your discounts into a substantial return on your payables or use the discount to fund your payments
Dataline helps you optimise your Accounts Payable processing, providing you with high visibility daily of your business’ liabilities, and now offers the OPTION TO EXTEND PAYMENT TERMS with your suppliers, giving far greater flexibility and control of your working capital. By offering to pay suppliers early with unsecured, off-balance sheet funding, you can:
- Capitalise further on supplier discounts available
- Free up valuable working capital to facilitate your business’ growth
- Extend your own payment terms by up to 90 days
- Strengthen your supply chain by also improving your suppliers’ cash flow.
A better way to manage your payables
- Easy access to funds, with no borrowing and no security required
- Strengthen supply chain relationships with suppliers you choose to pay early; you’re in control of who and when you pay
- Workflow that allows you to benefit from supplier early payment discounts
- Use discounts earned to fund working capital requirements
- Extend your terms on any supplier invoice up to 90 days.
Want to know more? Let us know and we can facilitate a demonstration.
We are very pleased with the Dataline product. Moving away from a manual invoice entry process saves us valuable time. In addition, the discipline of reviewing non-matched invoices every day ensures that we are keeping on top of our goods receipting. Most importantly, the system has allowed us to reduce our reporting cycle at month end from three weeks to less than two.