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Payment terms

As a valued supplier, you are a key component of our global business and our goal is to strengthen this relationship through an efficient, effective and accurate payment process.

Considering current payment term benchmarks and improving our payments on time, Smith+Nephew is moving its standard payment terms to Net 60 days for all products and services upon receipt of goods or the provision of services and an invoice.

All purchase orders and new contracts will carry Net 60 day payment terms, unless there is an alternative payment term already agreed in written active contracts.

To enable Smith+Nephew to pay you on time we’d like to remind you of the best ways to transact with us.  Please note failure to follow these processes may result in invoice rejection or payment delay:

  • Ariba network suppliers should submit invoices through the Ariba network and check invoice payment status on their Ariba network account prior to contacting Accounts Payable (AP) or Procurement teams.
  • Non Ariba network suppliers should submit invoices by email to the correct email box for the Smith+Nephew entity you are transacting with.  Invoices should be:
    • Machine readable pdf;
    • One invoice per pdf;
    • One pdf per email; and
    • Not to exceed 5MB
  • Invoices should include a Smith+Nephew PO number;
  • In rare circumstances where a PO number is not available, the invoice should clearly reference the Smith+Nephew requestor’s full name.

These changes bring alignment and standardisation to our payment processes in line with normal business practice.

We value our relationship with your company and hope that we can count on your continued support.