What is the Global Payment Term Optimization initiative and how do I benefit?
We are launching a global initiative to ensure our systems, processes, and payment terms are optimized to offer these benefits to suppliers:
Increased payment predictability
Standard payment terms that allows for added transparency and on-time payments
More consistency in payment schedules, enabling better management of cashflow
Are all suppliers subject to Cargill’s new payment terms?
Yes! Our new global payment terms policy is effective across all of our suppliers globally. Our global initiative will help to ensure our systems, processes, and payment terms are optimized to ensure our vendors are given more payment transparency and paid on-time globally.
Are finance options available?
Unfortunately, at this time, we do not have financing options available. However, we are working towards offering a financing option in the near future and can follow up as details become more clear. In the meantime, you can email us at [email protected] to understand other payment term options.
Other than financing, what other options are available?
Please email us at [email protected] to discuss earlier payment term options with discounts.
Who can I contact to discuss this payment term change further?
Please email us at [email protected] to raise any concerns you may have.
As a supplier invoicing Cargill plants, what is the most efficient way to get paid?
Cargill requires all suppliers to be paid electronically through Automated Clearing House (ACH). Go to the “How to Receive Electronic Payment” section of the General tab to get instructions and obtain the correct form to complete.
Do I follow the same process for remitting invoices?
Yes, your current invoicing process and remit to address are NOT changing as a result of this initiative.
How can I determine when my company will get paid?
You can determine your payment date by adding the number of days in your payment terms to the Invoice Receipt Date, which is the date Cargill scans the invoice into our system. For example, if the Invoice Receipt Date is January 6, 2020 (the date the invoice was scanned into our system) and the payment terms specified in your contract is 90 days, the payment date for this invoice will be April 5, 2020.
How can I avoid delayed payments?
Be sure to follow the invoice submission instructions available on the Supplier Central site.
Where should I submit my invoice?
Submit your invoice packet to your Cargill contact
Are there any exceptions to submitting invoices to this location?
Yes. If you are in the Ariba system or using ERS, there is no change to your invoice submission location.
If I need to re-submit an invoice, will the payment terms calculate from invoice date?
Yes, If you need to re-submit an invoice to correct an error or provide missing information, the date Accounts Payable receives the re-submitted invoice date for payment date is calculated.
How does Cargill calculate the payment date if I submit an invoice to my contact at the plant?
If you submit the invoice to a contact at your plant, your invoice will be returned to you with instructions to re-submit to your Cargill buyer.
Who do I contact if my payment is more than 10 days past due or have a question regarding pending payments?
If your payment is more than 10 days late, please email your Cargill contact they shall check if submission was done on time & shall redirect your query to Cargill Accounts Payable [email protected]. We appreciate your patience as we follow up on your inquiry.
How does my company benefit from this change?
Because payments will be paid according to a consistent process, it will enable a more predictable cash flow for our suppliers.