ESBD_393998_1738793676527_07. Early Payment Program.pdf

This document is the Texas Department of Transportation (TxDOT) Early Payment Program (EPP) enrollment form offered in partnership with Oxygen Finance Americas, Inc. The program provides vendors and active TxDOT vendors the opportunity to receive accelerated payments in exchange for a discount. Key features include electronic invoice submission to a single email address for all TxDOT divisions, time-stamped receipt confirmation, 1-business day rejection notices with revision instructions, and payments typically processed within 10 business days.

The program operates on a discount rate structure where vendors can specify their preferred discount percentage in exchange for accelerated payment terms of 10 Days/Net 30. The early payment discount is calculated based on the number of days the payment is accelerated, taken only if payment is made before 30 days from invoice acceptance. Direct deposits are processed 1-3 business days after the payment date, while paper checks may take up to 5 business days. The program includes monthly remittance statements for reconciliation and live supplier support specialists to assist vendors throughout the invoicing and payment process.