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HP's standard payment terms are End of Accumulation Period (EOAP) terms rather than a Net (NT) structure.
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The graphic below depicts the EOAP model.
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- HP will collect supplier invoices during a one month Accumulation Period
- HP will initiate payment for the accumulated invoices on the first business day of the month nearest to the end of the agreed upon Aging period
- The Aging period will be agreed upon by HP and the supplier
- The Accumulation Period will differ depending on the agreed upon Aging period
- HP makes monthly payments; Payment is initiated on the 1st business day of the month
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