ISPnext strengthens its portfolio with acquisition of Flinqer. Find out how this expansion helps clients get an innovative cash flow optimisation solution.
The acquisition
ISPnext acquires the assets of Flinqer and adds Dynamic Discounting.
What it does
Suppliers can be paid earlier in exchange for a discount.
For whom
Relevant for organisations that want to put their working capital to work.
Announcement: acquisition of Flinqer, an innovative provider of Dynamic Discounting. ISPnext is expanding the Source-to-Pay platform with the acquisition of the possessions of Flinqer, which strengthens our position in the market. ISPnext is adding an important functionality to the portfolio with the acquisition: Dynamic Discounting.
Digital processing of dynamic payment discounts
Flinqer is a reliable and innovative software supplier. The company provides a platform that enables organisations to process dynamic payment discounts digitally. The sooner a supplier is paid, the higher the discount earned. Every day paid earlier therefore generates pure profit. Flinqer clients are active in various sectors, including retail, construction and the manufacturing industry.
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Dynamic Discounting
ISPnext is adding an important functionality to the portfolio with the acquisition of Flinqer: Dynamic Discounting. The discount is dynamic and is calculated based on the actual number of days paid early. An important advantage over static discounts. The process is digital and prevents manual actions. "We are delighted to welcome Flinqer as part of ISPnext", says Gustaf Tanate, CEO of ISPnext. "Flinqer's solution aligns seamlessly with our Source-to-Pay platform and is an important addition to our invoice processing solution. With the ability to pay invoices faster, we now offer our clients a supplementary functionality to AP Automation for their Source-to-Pay process."
“Thanks to Dynamic Discounting, AP Automation offers clear insight into invoices and returns - profits from every day.”
Gustaf TanateCEO | ISPnextAbout ISPnext
ISPnext offers a single Source-to-Pay platform with different solutions for the Source-to-Pay process. Our organisation was founded in 2000 and has developed a strong reputation as a reliable and client-oriented partner. ISPnext serves clients in a wide range of sectors, including the manufacturing industry, food industry as well as in wholesale, retail and corporate service provision. Gustaf: “Thanks to the integration of Dynamic Discounting with our AP Automation solution, there is a clear overview of invoices and the returns achieved for both our clients and our clients' suppliers. A win-win situation.”
