For suppliers · How to, under 90 seconds
How do I invoice my anchor so the invoice is approved first time?
Only an approved invoice can be offered for early payment, so it has to match the order and the delivery exactly and be addressed to the right legal entity.
In short
- Match the invoice to the order and the signed delivery note: same reference, quantities and prices.
- Address it to the legal entity on the purchase order, with your registered name and tax PIN.
- Never offer an invoice you have already assigned or pledged elsewhere.
Match it to the order and the delivery
Same order reference, same descriptions, same quantities and prices as the purchase order and the signed delivery note. An invoice your anchor’s finance team cannot match is an invoice that waits.
Get the names right
Address it to the legal entity on the purchase order, not the brand, not the branch. Show your own business name exactly as registered, your tax PIN, and the bank account held on the platform. Where you are required to issue electronic tax invoices, issue this one that way.
State the terms as the contract states them
The payment terms and due date on the invoice are the ones in your contract, not the ones you hope for. The due date is what early payment is measured against.
One invoice, one home
Never offer an invoice you have already assigned or pledged elsewhere. That is the one thing that puts the exposure back on you even where the product otherwise carries no recourse.
Next in this track
What will a financier ask me, as a supplier, before paying me early?