英语翻译
Paymentterms,GESensingasaWorlwidemanufacturerhasadirectivetoacceptonly90daysofpaymenttermsforanynewmanufacturers.CurrentlyweareimplementinganewpaymentsystemcalledTPS,whichallowustopaysoonerthen90days,butweareapplyingforaliquotdiscountrelatedtothedayofpayment.
ManyofoursuppliersarealreadyrealizingthebenefitsoftheProgram.Throughelectronicfundstransfers,theProgramresultsinsignificantreductionsinyouraccountsreceivableoutstanding,andcanconsiderablyloweryourcollectionandadministrativecosts.Additionalbenefitstoyouoftheprograminclude:
·Improvedcashflow
·Reduceddaysofsalesoutstanding
·Dailyinsteadofweeklypayments
·Earlywarningformismatchedinvoices
·Prioritizedinvoiceprocessingroutines
·DetailedremittanceadvicethroughtheInternet
·DedicatedCustomerServiceteamatGECorporateforpaymentinquiries
UndertheProgram,invoicesareprocesseduponreceiptatourAccountsPayablecenterandadiscountisdeductedfromthegrossamountdue.TheamountpaidtoyouafterdeductionofthediscountshallconstitutefullsatisfactionofallamountsduetoyoubyGEInspectionTechnologiesforsuchinvoices.ThediscountiscalculatedbasedonthenumberofdaysbetweentheactualpaymentdateandthenormalpaymentdatebyGEInspectionTechnologies(seeenclosedfile).TheProgramreplacesanypaymenttermofferedbyyoutodaytoGEInspectionTechnologiesinrespectofearlypayment.AsaconsequenceoftheProgram,youagreethatyouwillnotissueaVATbearingcreditnotetoGEInspectionTechnologiesnormakeanyadjustmenttoyourVATaccountinrespectofthediscountsearnedbyGEInspectionTechnologies.Intheevent
thatyouissuesuchacreditnotetoGEInspectionTechnologies,thecreditnotewillnotbeacceptedbyGEInspectionTechnologiesandwillbereturnedtoyou.Eachpartycarriesitsownresponsibilitytocorrectlyreportdiscountsgivenandreceivedforaccountingandfiscalpurposes.
Ourussualpaymentsarebetween15-30daysinaverage,applying3%discountandless.