Payment Terms

Payment terms determine when and how customers must pay their invoices. Payment terms are part of the agreement between suppliers and buyers and dictate payment deadlines, such as “Net 30,” which means payment must be received within 30 days. Clear payment terms help suppliers reduce confusion about when payment is due and which payment methods are accepted. Moreover, they encourage prompt payment and help CFOs manage cash availability. Enforcing these terms is easier and more effective when suppliers send automated payment reminders and offer customers self-service portals to review invoices and submit digital payments online.

See how Billtrust can help you build an integrated buyer-facing payment portal.