All vendor financial obligations and claims must be processed and paid in a timely fashion according to the terms and conditions of the relevant purchase agreement or contract.
Trade payables are normally settled within 30 days of the date of purchase.
In order to commence the invoice processing activity, ADEK must receive supporting documentation, including, but not limited to, receiving documents (i.e. Original Invoices, Delivery Notes completion certificates) and/or hard copy quotes, before they can be approved, coded and submitted for payment.
Vendors must be directed to send all invoices directly to the Finance Division.