Experiences Implementing Dynamic Discounting:  Looking to connect with and understand success stories and lessons learned from organizations who have recently implemented dynamic discounting.  Curious to understand approach, key decisions, supplier experience, change management, etc.  What worked?  What do you wish you had done differently?  

Dynamic discounting is an excellent tool for vendors and business customers to get paid early, save money, and build solid supplier relationships. We have been following dynamic discounting for a while and below are the benefits achieved.

Vendors improve their cash flow, working capital liquidity, and days sales outstanding (DSO) by receiving earlier payments for invoices after invoice approval.
Vendors can select specific invoices to offer early payment discount terms when they need cash, rather than offering discounts on all invoices issued to customers.
Vendors improve cash flow forecasting. 
A dynamic discounting program is confidential, without customer knowledge, in contrast to invoice factoring.
Customers have lower cost of goods sold (COGS) from inventory purchases and lower business expenses spending, increasing their gross profit margin and net income. 

We have this Approach Paper to Dynamic Discounting Implementation for now. The broad framework is being defined and this framework may also get refined in next few weeks' times. I am sharing the important aspects of our approach to Dynamic Discounting.

1. Inter-functional collaboration:

We have formed teams with participation from finance, procurement, and IT teams. This Cross-functional alignment is important for defining requirements and ensuring a smooth implementation process.

2. Technology, Tools and Applicaitons evaluation and selection:

The selection of dynamic discounting solutions will be based on the considerations like specific needs and the features offered by different platforms, Integration capabilities with existing systems, usability, and scalability. 

3. Supplier Categorization:

We will do supplier categorization based on factors such as transaction volume, support system and response time to implement and resolve complex business problems.

4. Training:

We will clearly communicate to ensure suppliers understand the benefits of dynamic discounting and the changes in the payment process. We will reinforce the importance of training and support so that suppliers can easily navigate the new system.

There may be some more factors relevant for your organization based on your business requirement, so I suggest that you form a cross functional team to brainstorm the ideas.