Hi all,
I've been working on a solution that brings invoice discounting and factoring into the IFS Accounts Payable process, and before taking it further I'd love to hear from others in the community about whether this is a pain point you're dealing with too.
The short version of what it does: it lets you manage early-payment and supplier-financing arrangements directly within AP, so instead of handling these deals in spreadsheets or a separate portal, the discount terms, financing partner, and settlement flow live inside IFS alongside the invoice they relate to.
A few things I've been trying to solve for:
- Capturing early-payment discount terms and applying them automatically when an invoice qualifies
- Keeping the financing/factoring arrangement tied to the original invoice for a clean audit trail
- Reducing the manual reconciliation that usually comes with these programs
- Giving finance teams visibility into which invoices are eligible and what the cash impact looks like
I'd really value your input:
- Is your organization currently doing any form of early-payment discounting, supply chain finance, or factoring today? If so, how are you handling it inside IFS, a third-party platform, or manually?
- What's the biggest friction point in that process for you?
- If this lived natively in IFS AP, what would make it genuinely worth adopting versus your current approach?
- Which IFS version are you on (Cloud, Apps 10, etc.)? Curious how relevant this is across releases.
Happy to share more detail on the design if there's interest. Mainly hoping to learn whether this solves a real problem for others or whether I'm scratching an itch that's just my own.
Thanks in advance for any thoughts!
Regards
Vinod