Payment with net terms discount

Learn how to set up Early Payment Discounts in Avada PDF Invoice to encourage timely payments, optimize cash flow, and offer discounts to B2B customers paying within set terms.

Who can use this feature?

This feature is available for Wholesale plan only

What is the Payment with net terms discount?

Avada’s Early Payment Discount feature helps B2B merchants encourage timely payments and optimize cash flow by incentivizing early payments, reducing outstanding receivables. This feature also lowers the risk of overdue debts and promotes stronger purchasing incentives.

How does it help?

• Increase early payment rates significantly

• Reduce average payment wait times for weeks

• Improve cash flow stability

• Save 3-5 hours weekly through automated payment management

• Automatically notify customers about payment deadlines and discounts

• Eliminate manual tracking of payment windows and discount eligibility

How to Set Up Early Payment Discount

1

Access the Discount Settings

• Go to App > B2B Purchase from the left menu.

• Select the Company and choose the specific order you want to configure.

2

Enable Early Payment Benefit

Click on Enable Early Payment Benefit and select Create to set up the discount.

3

Configuring the Benefit

• Early Payment Benefit: Choose the discount to be applied.

• Benefit Effective Date: Set the expiration date for the discount period.

• Type of Discount: Select either a percentage or fixed discount amount.

• Discount Value: Enter the discount amount.

Click Save to save the settings and view the applied discount.

4

Adjust Discount as Needed

You can modify the selected discount at any time.

Use Send Invoice to email a reminder to customers, encouraging them to make timely payments to benefit from the discount.

Please watch and interact with the guide below to have a detailed look on this feature!

Net term with early payment discount

Please remember that the following order's statuses can not be enabled with net terms with discount:

• Custom discount has been applied

• Order is fully paid

• Partially fulfilled orders can only apply benefits to items that have not been fulfilled

• Order has reached due date

Conclusion

The Early Payment Discount feature is a powerful tool for B2B merchants looking to improve cash flow and encourage timely payments. By following these steps, you can easily set up and manage this discount, reducing outstanding receivables and fostering positive customer relationships. Make sure to take full advantage of this feature to support your business’s financial health and operational efficiency.