1. Payments are made based on the structure of the Purchasing Document (Purchase
Order or Scheduling Agreement). If the Purchasing Document is set up as a 3
way match, we must receive the material before the invoice will be paid. Due
to specific business situations the Purchasing Document may be set up as a 2
way match (IV only or LPA), in those circumstances we will pay before receipt
of the material.
2. Payment terms of paper invoices are based on the date of receipt of invoice
or date of goods receipt, whichever comes later.
3. Payment for EDI invoices are calculated base on the date of receipt.
4. Payment made by EFT are calculated based on the date of receipt.
5. Payment terms for paper invoices are pulled from the SAP Purchasing Document
(either Purchase Order or Scheduling Agreement).
6. Payment terms for EDI invoices are attached to the vendor remit code.
7. If an invoice due date falls on a weekend or holiday, invoices are paid
on the following workday.
8. If an invoice is deleted or returned for missing or incorrect data, the
terms will be calculated based on the receipt date of the corrected invoice
9. Functional Acknowledgments, for EDI invoices, must be checked
daily to ensure complete transmissions.
10. P&G's standard invoice payment terms are Net 45 unless otherwise separately agreed. Should this policy conflict with any local laws, P&G will comply with the local legal requirements. Please discuss the terms applicable to your specific situation with your primary P&G contact.
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