We are privileged to share a respectful working relationship with major suppliers.
The following details have been provided by Woolworths to assist members
Woolworths contact details:
Transaction Processing Centre, Woolworths Ltd, 1 Bligh Street, Rosny, TAS 7018
P: 03 6245 6600 E: [email protected]
To support members and streamline the query process, Woolworths would advise you to click on the the Wowlink (below) – bring up Accounts and Finance then scroll down to “Find Detailed Information” and then click on the area you require.
To be directed to Woolworths’ wowlink: Click here
Claiming Settlement Discounts on Late Payments
We do not undertake to pay any individual invoice on a certain date. Our agreed trading terms state that you will be paid on a weighted average of 46-50 days from date of receipt of goods. This works on the basis of all your delivery receipts for a monthly period, [approximating the calendar month depending on weekend dates] being paid by the 4th working day of the month 2 months after the delivery month.
Woolworths system is automatic and very reliable with regard to paying on time. It is normally the case that payments over time fall within the agreed dates even including odd invoices that are delayed for proof of delivery or for some other reason. If you have any reason to doubt the timeliness of our payments to you you are welcome to request a reconciliation of the payment days for a period of say 6 months to check. Should it show any discrepancy we will gladly compensate by releasing funds early for such time as is required to restore the balance.
payment from date of invoice
Woolworths does not have a payment from date of invoice capability. We pay on the basis of date of receipt of goods [and in fact on the receipt signed into our system at delivery rather than on the actual invoice]. The difference in days is about 14 [weighted average of 76 -80 days v 61-63 days]
National Vendor Trading Terms definition
The last line of the definitions in the trading terms defines 60 days as ’60 days means monthly payment with a weighted average 75/80 days from date of delivery of goods’
Early release of Payments
There is a facility whereby you can obtain early release of funds on particular occasions at a cost of 0.5% of the receivable value for each week brought forward. It just requires an e-mail to me accepting the charge and specifying what is required.