Revised Due Date - Payables, Trade and Supply Chain Finance
What is the Revised Due Date? Can it be changed? What happens if I miss paying the amount owed by this Date?
The Revised Due Date is the friendly reminder of when you'd like to settle your invoice amount along with any interest due. You get to pick this date when you add an invoice for payment.
Feel free to change or edit the Revised Due Date any time before it falls due. Just keep in mind, if you've set it to the maximum term, we won't be able to offer any additional extensions.
If you happen to miss the Revised Due Date, we kindly ask that you make immediate payment. Until then, your facility will be temporarily suspended, which means that new supplier invoices can't be paid until the outstanding balance (invoice amount plus interest and fees) is cleared. We're here to help, so don’t hesitate to reach out to your designated Fifo Capital team member if you have any questions!