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GE Trade Payables Service (TPS) Information

The document discusses GE Capital's Accelerated Payment Program which allows suppliers to receive earlier invoice payments from Baker Hughes in exchange for a nominal discount. Suppliers can choose from tiered early payment options to improve their cash flow and reduce days sales outstanding. Enrollment requires completing a form and agreeing on payment terms.

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243 views2 pages

GE Trade Payables Service (TPS) Information

The document discusses GE Capital's Accelerated Payment Program which allows suppliers to receive earlier invoice payments from Baker Hughes in exchange for a nominal discount. Suppliers can choose from tiered early payment options to improve their cash flow and reduce days sales outstanding. Enrollment requires completing a form and agreeing on payment terms.

Uploaded by

Hunter
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GE Capital

Trade Payables Services

The Accelerated Payment Program


In today’s economic climate, having access to working capital and ensuring timely payment of your invoices is
more important than ever. The Accelerated Payment Program from GE Capital, Trade Payables Services (TPS) is
designed to provide Baker Hughes, a GE company (BHGE) Suppliers with faster invoice payments and enable
your company to considerably reduce its overall payment cycle time.

Through this program, your company’s invoices will be paid on a mutually agreed upon day and discount.
Receiving your payments earlier than the ordinary net day should considerably improve cash flow and reduce
day sales outstanding.

GE Capital’s Accelerated Payment The process is reliable


Program provides many benefits: 1. Your company sends invoices to BHGE , the same
• Cash flow and balance sheet improvements as it’s done today.
• Reduced days sales outstanding (DSO) 2. BHGE receives and approves the invoice(s) and
• Ability to receive payments via 2-Day ACH discount terms are applied automatically.
• Assists in early detection of invoice issues 3. Based on payment terms selected, GE Capital
• No unauthorized discounts taken discount terms are applied and invoice is paid by
BHGE A/P.
Enrollment is simple
All that is required to begin accelerating payments
is a completed Addendum to Purchase Order and
a supplier information form providing your
company’s contact information. We agree on the BHGE
payment terms and your accelerated payments 2
1
begin! 4

The program is customized


Supplier GE Capital
For all invoices paid prior to the ordinary net day, a 3
nominal discount will be deducted from the gross
amount of each invoice. Your company’s discount
amounts are based on your business needs and
agreed upon prior to committing to the program.
There are no additional costs to your company
and you will retain all your rights and obligations
as the supplier.
The Accelerated Payment Program
delivers your payment faster
Tiered Payment Option
Supplier chooses improved payment date in advance of the approved invoice’s ordinary net day.
Example is used for illustration purposes:

Day 120
Day 0 Day 10 O&G initiates
Invoice received payment to supplier

Early Payment initiated O&G pays GE Capital


Less Agreed Upon
Discount

Potential for 110 day’s improvement in the pay cycle

Improve your cash flow and start accelerating your payments today
For more Information about the program please contact:

Bill Austin, Senior Sales Representative at 203-849-3987, email at


[email protected]
Vince Scott, Relationship Manager at 203-849-3911, email at
[email protected]

IMPORTANT NOTICE: Nothing herein shall be construed as an approval or commitment to finance or provision of other service by GE Capital to any person. All
transactions are subject to final investment/credit approval by GE Capital and the execution of mutually satisfactory definitive documentation. Nothing
contained herein shall be construed as any guarantee or promise of profitability or generation of revenue of any kind whatsoever. Nothing contained herein
is intended to and does not constitute tax, accounting, financial or legal advice by GE to any person. ©2010 GE Capital. All rights reserved.

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