Dynamic Discounting | Supply Chain Financing | Virtual Card | |
|---|---|---|---|
Summary | Ad hoc opportunity for individual supplier invoices to be paid sooner, in return for a discount to Dow | Program for suppliers to receive all payments early; Dow partners with a financial institution to allow its suppliers to receive early payment on approved invoices, while Dow pays the financing bank at the regular due date. | Payment alternative to ACH and check. Secure, one-time payments to suppliers commonly used to enhance fraud protection or to reduce check payments. Process generates unique card numbers for each transaction, reducing the risk of unauthorized use and simplifying reconciliation. |
Scope | Individual invoices already approved for payment | All of supplier's invoices approved for payment | All of supplier's invoices approved for payment |
Benefits to Supplier | Faster Payment Terms | Use Dow's credit rating to leverage for financing and faster payment terms. | Possibility of faster Payment Terms; more secure payment method (reduced risk of unauthorized use) |
Partner | C2FO | Citibank | Wells Fargo |
More Information | https://Dow.c2fo.com or contact Dow Sourcing Manager | Contact Dow Sourcing Manager | Contact Dow Sourcing Manager |
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