Accelerated Payment Program

AEP offers an Accelerated Payment Program to suppliers who wish to expedite receipt of payment on invoices with approved status as defined by AEP. The Accelerated Payment Program gives you the flexibility to set payment terms and better manage timing of payments. Ultimately you can reduce your days sales outstanding and better manage your cash flow.

The Accelerated Payment Program offers two options:

  1. Standing Early Payment Option or
  2. "On Demand" Early Payment Option.

Option 1: Standing Early Payment Option
Pays all of your invoices according to the standing early payment term you selected. Choose a standing early payment term:

    • 2% 10/Net 30
    • 1.5% 15/Net 30
    • 1% 20/Net 30

    If AEP pays on the designated day (day 10, day 15 or day 20) the corresponding discount applies. If AEP pays before day 30 but after the designated date of your chosen payment term, a lesser discount is applied based on a sliding scale.

  • Payment is accelerated on every approved invoice.
  • Payment executed following invoice approval.
  • Opt-out at any time.

Option 2: "On Demand" Early Payment Option
Allows you to select which approved invoices to pay early. This term is applied to invoices the supplier chooses on an "on-demand" basis (invoice-by-invoice).

"On Demand" discount offers are calculated based on date of offer. Discounts are applied based on sliding scale.

  • If the On Demand discount offer is not accepted, the standard Net 45-day term is applied.
  • No discount is taken unless you accept the "On Demand" offer.

All suppliers have the option to sign-up for one of the two accelerated payment options.

Sign-up for the Accelerated Payment Program

Option 1 – Standing Early Payment Option

Currently an Ariba member?

  1. Send an email to aribasupport@aep.com. Include the following information in the email: "Please enroll my company in the Accelerated Payment Program; my assigned Ariba Network ID (ANID) is (xxxx)." Include your company name and your contact information.
  2. Once AEP receives your information we will email you the Trading Relationship Request that will serve to establish your company’s relationship with AEP. Log into your Ariba account and complete the Trading Relationship Request.
  3. After you accept the Trading Relationship Request, AEP will send you the Standing Early Payment Term offers to accept. There are three separate Standing Early Payment Term offers to choose from.
  4. Accept one the Standing Early Payment Term Offers.
  5. Mark the pending task complete for "READY TO RECEIVE EARLY PAYMENTS". Setup is complete.

Not an Ariba member?

  1. Join the Ariba Network by going to http://supplier.ariba.com.
  2. Click the Register as a New Supplier link and follow the short steps to create an Ariba account. It is free to join the network and free to sign-up for the Accelerated Payment Program
  3. Follow steps 1-5 above.

Option 2: "On Demand" Early Payment Option

Currently an Ariba member?

  1. Send an email to aribasupport@aep.com. Include the following information in the email: "Please enroll my company in the Accelerated Payment Program; my assigned Ariba Network ID (ANID) is (xxxx)." Include your company name and your contact information.
  2. Once AEP receives your information we will email you the Trading Relationship Request that will serve to establish your company’s relationship with AEP. Log into your Ariba account and complete the Trading Relationship Request.
  3. After you accept the Trading Relationship Request, AEP will send you Standing Accelerated Payment Term offers to accept. DO NOT ACCEPT ANY OF THE STANDING TERM OFFERS [IGNORE THE EMAILS].
  4. Log into your Ariba supplier account.
  5. Click on "All Offers" under Early Payment Terms on the right side of your supplier home page. Under the Notifications header click (check) the two boxes and add your email address.
  6. Mark the pending task complete for "READY TO RECEIVE EARLY PAYMENTS". Setup is complete.

Not an Ariba member?

  1. Join the Ariba Network by going to http://supplier.ariba.com.
  2. Click the Register as a New Supplier link and follow the short steps to create an Ariba account. It is free to join the network and free to sign-up for the Accelerated Payment Program
  3. Follow steps 1-6 above.

To access early payment offers:

  1. Log into your Ariba supplier account at http://supplier.ariba.com.
  2. Go to Inbox > Early Payments
  3. Select the payments you would like to receive early.

Read for step-by-step Registration and Standing Early Payment Term selection instructions.