The timing of payments made to suppliers is based on when an invoice is received and entered in Accounts Payable.
This applies to all payment terms: Net 10, Net 30, and Net 45.
For those suppliers following best practices and using Penn’s supplier portal, the invoice date and invoice receipt date should be close.
Once received by Accounts Payable, the turnaround time for invoice-processing is between 3-5 business days.
All invoices must have a valid purchase order number in order to be paid. Payment terms are dependent on selected payment methods.
Please note: Suppliers should verify shipping location with their School/Center.
Accounts Payable will not accept any packages, and the packages will be returned.
More information about payments can be found here.