Defining the various payment programs offered by your supplier through Apruve.
|Net Term||Definition||Payment Due|
|End of Month /Net 15||This program works just like your credit card. All orders made in a calendar month get summarized in an end of month statement that is sent to your inbox. You’ll be able to pay with a single bank transfer or check.||On the 15th of the following month|
|Net 30||The “gold standard” in B2B where each order you make will be due 30 days from when the order ships. Apruve will send you payment reminders as the due date gets closer.||30 days from shipment|
|Net 60||Similar to Net 30 but each order placed is due 60 days from when your order ships.||60 days from shipment|
|Custom||Your supplier may have defined a customized program within Apruve for your account.||Varies|