How Extended Payment Terms worksOur Extended Payment Terms are exclusively available to Siemens customers and approved partners. With these customer-focused terms, you decide when to use them and let us know when you need them. Enabling flexible repayment options, our Extended Payment Terms (EPT) allow you up to 180 days to pay the supplier - giving your business the liquidity and access to capital that it needs.
With our EPT solutions, a tri-party agreement is created between the relevant Siemens division, Siemens Financial Services (SFS) and you. By providing a revolving credit facitity, SFS purchases the goods from Siemens and distributors to sell onto your business, which enables you to have access to up to 180 days extended payment terms.
Benefits of Extended Payment Terms
Siemens Financial Services provides automated, flexible financing arrangements. EPT can benefit you in a number of ways:
- Integrated into the order process resulting in low administration times
- Payment terms up to 180 days with flexible repayment options - choice of when to pay
- Allows expenditure to be matched with cash flow requirements
- Frees up additional financing to invest in growth opportunities
- No impact on existing lines of credit
- No additional security required
- Transparent and competitive pricing