Cisco has a standardized payment term policy for all non-production spend.
Payment term are net 60 from receipt of approved invoice and contingent on completion, delivery, and acceptance of goods and services.
Subject to local laws and regulations, transactions within the following countries are permitted to have net 30:
Suppliers who meet the Government of India’s Micro, Small and Medium Enterprises Development Act, 2006 (“MSME Act”) and provide and maintain a valid registration number under the MSME Act, payment terms are net forty-five (45) days.
At Cisco’s discretion and approval for U.S. and Canadian suppliers, Cisco may offer expedited discounted payment terms of 1%/20 net 60. Approved suppliers must submit invoices to Cisco U.S. or Cisco Canada accounts payable, as directed by a Cisco purchase order.
If you have questions not addressed in the FAQs or still have concerns you may contact a Payment Terms Office representative. Be prepared to reference your supplier number, other relevant payment or supplier information, and reference your supplier notification (where applicable).
Cisco Systems encourages our suppliers to utilize electronic funds transfer (EFT). There are several options for receiving payments and remittance advice notification from Cisco Systems.
These terms mean that Cisco will pay the full invoice amount within 60 or 30 days from receipt of an approved invoice.
Your acceptance of future Purchase Orders will be our agreed upon payment terms going forward.
Payment terms are documented on the purchase order.