Create a creditor's code
How to pay a creditor
With each order issued by the purchasing system, you have to complete a physical receipt action through the decentralised environment on Tera Term after receipt of goods or services. Send the physical invoice for payment to Division Financial Creditors who will provide a payment advice to the supplier after settlement.
- Payments of creditors settled according to the agreed payment terms of which the standard 30 days after invoice or 30 days after statement applies.
- Establish measures to shorten the payment period if SU could benefit financially. In such a case, the supplier has to direct a written confirmation that invoices paid within 7 days are subject to a percentage rebate or discount.
- Credit limits are valid; therefore, it is critical that payments should occur within the payment terms to prevent accounts to be placed on hold.