ISPnext Recognized in the 2024 Gartner® Market Guide for Supply Chain Finance Platforms

In August 2024, Gartner® published its Market Guide for Supply Chain Finance Platforms report ISPnext is recognized as a Representative Vendor. The report states that, “Organizations seeking to optimize working capital struggle to understand the options available within the supply chain finance technology marketplace. Procurement technology leaders can use this research to evaluate the market for supply chain finance platforms that help optimize working capital.”

Dynamic Discounting: ISPnext at the Forefront

Our solution, which fully integrates with ISPnext’s accounts payable automation, enables clients to quickly and clearly gain insights into approved invoices and the returns achieved on them. This allows businesses to accelerate payments to suppliers at reduced rates, enhancing supplier relationships while improving the company’s liquidity.

We believe that SCF programmes, such as dynamic discounting, allow companies to extend payment terms without negatively impacting suppliers' cash flow. This creates a win-win situation, where both buyer and supplier benefit from improved liquidity and stronger financial relationships.

Conclusion

For ISPnext, the recognition in this report is a milestone. It underscores our commitment to helping businesses optimise their financial processes. With the right implementation, SCF programmes can not only improve a company’s working capital position but also contribute to stronger and more sustainable relationships within the supply chain.

''For organisations looking to optimise their cash flow, ISPnext’s Dynamic Discounting solution offers the flexibility and control needed to achieve these goals.''

Gartner, Market Guide for Supply Chain Finance Platforms, By Chaithanya Paradarami, Jan Ambergen, Michelle O'Sullivan, 19 August 2024
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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