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New Payment Terms


We are happy to extend the following invoice settlement options based on payment type and invoice method. If you prefer to be paid as quickly as possible, sign up for our e-Payables Program and electronically submit your invoices. If speed of pay is not a concern, then you may manually submit (via Digital Mailroom) your invoices and accept check or ACH as a form of payment. 

If you choose not to sign up for e-Payables and/or submit e-invoices (via the Supplier Portal), Caltech will automatically assign you the appropriate Payment Term as defined in the table below.


Payment Term

Payment Type

Invoice Method

 

e-Payables

(Quickest)

ACH

Check

(Slowest)

e-Invoice

(Quickest)

Manual

(Slowest)

NET 10

X

 

 

X

 

NET 15

X

 

 

 

X

NET 45

 

X

X

X

 

NET 55

 

X

X

 

X