Engagement
Payment Terms Compliance Review
Focused check of due dates, early-payment discounts, penalty clauses, and whether remittances followed the calendar written into each vendor agreement.
Purpose
Many overpayments hide in calendars rather than unit prices. This engagement isolates payment-term language — net days, early-settlement discounts, late-fee triggers — and tests whether remittance batches followed those rules.
Included
- Extraction of term language from current agreements
- Sample of payment batches across quiet and peak months
- Memo listing missed discounts, early releases without approval, and late-fee exposure
- Recommendations for AP checklist updates
Exclusions
Statutory tax advice, ERP configuration, and renegotiation of supplier terms sit outside this review.
Process
After a short intake call we request remittance exports and the relevant contract pages. Sampling follows a agreed window (often twelve months). You receive a compliance memo and a optional thirty-minute walkthrough with your AP lead.