Order-to-Pay (OTP) is a vendor-networked solution that supports virtually every step in the procurement to payment process. It dramatically improves working capital and reduces operational costs by driving out the traditional paper invoice process. This increased efficiency allows organizations to retain float longer while paying merchants faster, resulting in early payment discounts from their merchants.
OTP's discount manager maximizes early discounts by providing faster payment on electronic invoices thereby delivering greater profitability and acceptance over supplier extended payment terms. OTP is of greatest value to organizations interested in improving their bottom line through procure-to-pay process improvement.
