Use the "My Offers" button to accelerate the payment of your invoices!
posted this on January 04, 2012 01:20 pm
The ability to request early payments on invoices is a key benefit of using the Taulia Vendor Portal. Early payments allow you to get paid for invoices that your customer has approved prior to their actual due date. For example, if you are a supplier that has previously negotiated NET 30 payment terms with your customer and you have sent them an invoice it most likely will not get paid until it is due on the 30th day. However, with the Pay Me Early option powered by Taulia, if that same invoice is approved in your customers’ accounts payable process on the 15th day, that invoice will automatically display as approved and available for early payment in the Vendor Portal. Once it is approved and available for early payment, you can click on the My Offers button under the Pay Me Early button to get paid in advance of the due date in exchange for a nominal discount. In most cases, the earlier you request to be paid on an approved invoice, the greater the discount offered will be. Likewise, the later you request to be paid on an invoice, the lower the discount offered will be. If you do not want to get paid early, your invoices will still get paid on the original due date in accordance to the previously agreed upon payment terms without any additional discounts.
To request early payments on your invoices, simply login to the Vendor Portal and go to the Home page. In the middle of the Home page you will see the most recent invoices available for Early Payment. Simply click on the My Offers button next to a particular invoice and follow the on-screen instructions to complete your request.
For more information on requesting early payments, please view the How to request early payments video tutorial on the Help page of the Vendor Portal. 1/4/2012