All orders are consolidated into a single statement sent on the first day of the following month.
End of Month/Net 15 (EOM/Net 15) terms work just like a credit card.
- All orders made by authorized buyers in a corporate account are consolidated into a single statement sent on the first day of the following month.
- Authorized payers can then make one payment, due on the 15th of the following month.
EOM/Net 15 is the preferred program for buyers making one or more orders from a supplier in a given month. The program simplifies how often you pay for open invoices (just once instead of multiple times) and establishes a set cadence for all future payments.