Payment Terms Explanation
We often receive questions regarding our payment terms. We hope to clarify the process with this illustration.
We start the payment terms clock for Receiving PO's from the later of the following: actual delivery date when goods are received at Intel; OR the date a valid, original invoice is received at Intel Accounts Payable. Non-Receiving PO payment terms clock start solely on the date a valid, original invoice is received at Intel Accounts Payable. This follows our purchase order and contract language. Please promptly submit your invoices to start the “Intel Payment Clock.” The simplest way to submit invoices is to use the web invoicing tools, Intel® Web Suite, now available to suppliers.
We hope this clarifies our payment terms. Review your particular purchase order to review your specific terms and contract language. Should you have any questions about the payment terms, please contact your buyer or an AP-PO Support Representative from our Support Info Page.
* Payment due date is based on the date an acceptable invoice is received at Intel. Illustration assumes an invoice match.
Payment terms are calculated from the later of the following: Actual delivery date of when goods are received at Intel, OR the date a valid, original invoice is received at Intel.
This is a way for Intel suppliers of goods and/or services to dynamically change the payment terms, which allows for quicker payments in exchange for a discount. It also provides the suppliers more options and flexibility relative to payment terms.
Through the following link, Details on Dynamic Discounts, suppliers can learn more about Dynamic Discounting and the steps they need to do to utilize this capability.