Discount and duration for payment of installments

I also do not see the problem with Tender200. The payout process is ultimately associated with effort, which costs money. This can certainly be weighed against risk. Ultimately, batches of 10, 15, or even 50K€ are - depending on one's perspective - simply peanuts.

Hello

For us, it was also the case that the bank transferred amounts from 30 to 45 k€ to a checking account on request.
In the end, they asked whether the remaining amount should be transferred.
Until today, no invoice or similar has been requested as proof, nor has anyone come for an on-site inspection.
The lender is the local Sparkasse where I have been a customer for over 30 years.

I found this process very pleasant, quickly reviewing the invoices in the evening and transferring immediately.
This also pleases the suppliers and certainly creates additional trust there.

Olli

I have a counterexample ready. I also send the invoice and payment request form to the bank as soon as I receive an invoice. Our contact person at the bank takes care of it within the next 1-3 days, depending on the availability of the employees. The documents are then reviewed by a service provider engaged by the bank (outsourcing is great). Then the transfer to the construction company takes place. So if I act immediately, the money is with the construction company after 4-7 BUSINESS days. However, we have the construction progress and invoice checked by our construction supervisor, which takes another 1-2 days. Once we draw down the KfW loan, there is an additional approval level from the bank. We get the discount through prompt action and goodwill of the construction companies, but not through an efficient process that is completed within 8 days.

Payment terms begin upon receipt of the invoice, not from the invoice date. If the invoice was received by regular mail, the time of receipt is always disputable. Therefore, just stay flexible; a 10-day discount is still fine even after 12 days. No one will fuss about 1-2 days, who knows what the postal service was up to. And if they do, you can apologize and then transfer the payment. I have met enough companies in my professional life that always take the discount, even if it is not agreed upon in the payment terms. It works. Exploiting payment terms up to the last day (why not) or taking the discount even though the deadline has been significantly(!) exceeded. In most cases, this goes unnoticed.