Using Supplier Payment Optimization

Use Supplier Payment Optimization for identifying, prioritizing, and tracking suppliers with high potential of accepting credit card payments. The saving estimation tool can be used to calculate potential savings from credit card payments.

Important:

Check your entitlements to determine whether you have access to Supplier Payment Optimization.

• Add propensity score for a supplier
  The propensity score is used to identify the likelihood of a supplier to accept credit card payments. The supplier managers can manually update the propensity score for suppliers from the Source-to-Pay Workspace.
• Create a case for supplier credit card enablement
  Create a supplier case to request for the credit card information from a supplier.
• Supplier credit card enablement playbook
  Source-to-Pay Workspace includes a playbook to complete the supplier cases for initiating credit card acceptance requests.
• Estimate savings using the saving estimator tool
  The saving estimator tool is used to calculate potential savings from credit card payments. The tool uses default values and allows users to modify billing cycles and other parameters to create new estimates.
• View the Payment Optimization dashboard
  The Payment optimization dashboard provides an overview of the total spend and potential savings for all suppliers.

Related concepts

• Using Source-to-Pay Workspace
• Using Supplier Collaboration Portal
• Using Supplier Relationship and Performance Management

Related tasks

• View the Payment Optimization dashboard
• Estimate savings using the saving estimator tool