Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
  • Working to reshape business models, modernize products and enhance customer experiences to drive growth.
  • Reinventing and managing your most essential business processes with new ways of working.
  • Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

Contact Us

Select a Region*
Select Inquiry Type*
Select Sub - Inquiry Type *
Your information has been submitted successfully!
OK

COGNIZANT PAYMENT SYSTEM

While adding a new supplier to the Cognizant-approved supplier database, the Global Procurement team establishes payment terms. The Payment Terms in the database dictate when payments to suppliers will be made. Generally, Cognizant employs a "Net 60" payment term, it means that the payment will be issued 60 days from the date that the suppliers invoice is received at the Accounts Payable address.

pdf

ABOUT ACCOUNTS PAYABLE & SUPPLIER PAYMENTS

Account Payable : The Accounts Payable department of Cognizant is responsible for timely processing of invoices and issuing payments for companies, suppliers, individuals, employees, human subject payments and independent contractors. Payments are made against approved and reserved purchase orders, contracts/agreements or via exceptional approvals when a PO could not be issued.

pdf

PURCHASE ORDER SUPPLIER PAYMENT TERMS

The Global Procurement team decides the payment terms when adding a new supplier to the Approved Supplier Database. Generally, Cognizant employs a Net 60 payment term, which means that the payment will be issued 60 days from the date when a supplier’s acceptable invoice document is received at the Accounts Payable office. Purchase orders sent to the supplier reflect these terms and conditions and they apply to all invoices received by Cognizant.

pdf

SUPPLIER INVOICE SUBMISSION GUIDE

Cognizant’s Accounts Payable department is responsible for the timely processing of supplier invoices issued against approved purchase orders. Upon shipment of products or services performed as requested on the official purchase order, the supplier is required to submit all corresponding invoices in a timely manner directly to Accounts Payable (within 7 business days from shipment or service completion) as instructed on the purchase order.

pdf

SELECT REGION WISE INVOICE SUBMISSION GUIDE

Select the form region wise

Procure-to-Pay Payment System | Cognizant Technology Solutions