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:
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Increased payment predictability
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Standard payment terms that allows for added transparency and on-time payments
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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, get in touch with the Buying Team to understand other payment term options. If further details might be needed, please contact:
Other than financing, what other options are available?
Please contact the Commercial Team to discuss earlier payment term options with discounts. If further questions, you can reach:
Who can I contact to discuss this payment term change further?
Please contact the Commercial Team to raise any concerns you may have. If further questions, you can reach:
As a supplier invoicing Cargill, what is the most efficient way to get paid?
Cargill Paraguay, Peru DMS, Bucanero, Colombia, Dominicana and Uruguay require all NA suppliers to be paid electronically through Automated Clearing House (ACH).
Ecuador: Cargill requires all NA suppliers to be paid electronically through foreign transfer.
Chile: Cargill requires all NA suppliers to be paid electronically through transfer.
Bolivia: Cargill requires all NA suppliers to be paid electronically through transfer.
Peru AGX: Cargill requires all NA suppliers to be paid electronically through transfer.
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. In the case of Paraguay, Peru, Uruguay and Bolivia, they all pay against Invoice Receipt Date.
In the case of Ecuador, Bucanero, Chile, Colombia and Dominicana they pay against Invoice Date.
Please note that payment also depends on the terms negotiated between the Commercial area and the purveyor.
What is the Invoice Receipt Date, and how is it different from the Invoice Date?
The Invoice Receipt Date is the date when Cargill Accounts Payable receives and scans the invoice into our system the invoice. The Invoice Receipt Date is not the date you prepared the invoice or the date on the invoice. Your payment terms will start from the Invoice Receipt Date. This only applies for Paraguay, Peru, Uruguay and Bolivia.
In the case of Ecuador, Bucanero, Chile, Colombia and Dominicana they pay against Invoice Date.
How do I know the date of the Invoice Receipt Date?
If your invoice meets all of the invoice submission requirements (including submitting it to the correct location via email, with the correct information, the Invoice Receipt Date will usually be within one business day of its arrival at Cargill Accounts Payable. If anything is missing or if you submit the invoice to the plant or some other incorrect location, the Invoice Receipt Date will be delayed and will correspondingly delay your payment. This only applies for Paraguay, Peru, Uruguay and Bolivia.
In the case of Ecuador, Bucanero, Chile, Colombia and Dominicana they pay against Invoice Date.
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 to ensure an Invoice Receipt Date is as close to the Invoice Date as possible?
Submit your invoice as per the instructions below.
In the case of Bolivia, the purveyor has no option to send digital invoice, they should go instead directly to the plant and deliver the invoices there with the commercial agent.
Colombia DMS, Peru and Dominicana can send the digital invoice to the commercial agent directly or they can go instead directly to the plant and deliver the invoices there with the commercial agent physically.
Uruguay can send the invoice to the following address or they can go instead directly to the plant and deliver the invoices there with the commercial agent physically.
CARGILL URUGUAY SA
ADDRESS: RBLA. REPUBLICA DE MEXICO 6517 OF 103
In case of additional questions, you can get in touch through the following email (depending the country) for further guidance with the invoice submission.
Are there any exceptions to submitting invoices to this location?
You can get in touch through the following email (depending the country) for further guidance with the invoice submission exceptions:
If I need to re-submit an invoice, will the payment terms calculate from Receipt of Original invoice or Receipt of Revised invoice?
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 is new Invoice Receipt Date from which the payment date is calculated. See this question for additional information. 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 is new Invoice Receipt Date from which the payment date is calculated. See this question for additional information. This only applies for Paraguay, Peru, Uruguay and Bolivia.
Ecuador, Bucanero, Chile, Colombia and Dominicana pay against Invoice Date.
Please note that payment also depends on the terms negotiated between the Commercial area and the purveyor.
How does Cargill calculate the payment date if I submit an invoice to my contact at the plant?
In the case of Bolivia, Colombia DMS, Peru, Uruguay and Dominicana the purveyor has the option available to send the invoice directly to their contact at the plant.
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, send an email to the following email depending on the country. We appreciate your patience as we follow up on your inquiry, it can take 48h on get resolved.
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.
What if I have questions about how the Invoice Receipt Date was determined for an invoice or how the payment date was calculated?
Contact the following email depending your country:
Why is Cargill using the Invoice Receipt Date for determining my payment due date?
Using the Invoice Receipt Date when calculating the payment due date has always been standard language in our contracts. Our systems and processes are now aligned with this language to use the Invoice Receipt Date field in the determining the payment due date. This only applies for Paraguay, Peru, Uruguay and Bolivia.
In the case of Ecuador, Bucanero, Chile, Colombia and Dominicana they pay against Invoice Date.
