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.
Who can I contact to discuss this payment term change further?
Please talk with your Cargill buyer to raise any concerns you may have.
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 Issue Date. For example, if the Invoice Issue Date is January 6, 2020 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.
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 follow the instructions on the Supplier Queries tab of the Invoice page to submit a ticket via email, so that we can follow up with you. Please take note of the ticket number you receive. If you do received a response within 3 business days, please reply to the email you received from [email protected] and specify your ticket number and “ESCALATION” in the subject line. 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.