Cisco's standard payment terms for all non-production spend are Net 60. Suppliers will be notified by Cisco when the new terms will take effect (the "Effective Date"). Where possible, Suppliers will also have the option to enroll in Cisco's Accelerated Payment Program, which will enable them to be paid in 20 days with a 1% discount off the total invoice.
Cisco standard payment terms for non-manufacturing suppliers are Net 60.
US and Canadian Suppliers – Expedited, Discounted Payment Terms Option
Cisco offers expedited, discounted Payment Terms of 1/20 Net 60 to US and Canadian suppliers submitting invoices to either Cisco's US or Cisco's Canadian Accounts Payable addresses (see Section 9), as directed by a Cisco PO. For all invoices submitted to a Cisco Accounts Payable location outside of the US and Canada, the Net 60 payment terms will apply.
Geographic dictated payment terms requirement
The terms for the following countries, at this point in time, are Net 30.
United Arab Emirates
NOTE: For all countries NOT listed above, Cisco's standard payment terms of Net 60 will apply.
For general questions not addressed in the FAQs, or if you still have concerns with this change, please do not hesitate to contact a representative from our Project Management Office before the Effective Date. Be prepared to reference your supplier notification, supplier number, and other relevant payment/supplier information.