ESBD_426823_1749477706312_09. Appendix B - Early Payment Program.pdf

This document is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), partnered with Oxygen Finance Americas, Inc. The EPP is designed to offer TxDOT bidders and active vendors more flexibility and control over their business and financial operations. The program provides several key benefits, including electronic invoice submissions sent to one email address for all TxDOT divisions, timely invoice stamp/receipt processing, rapid rejection notices within 1 business day, faster payments typically made within 10 business days, monthly remittance statements for vendor reconciliation, and live supplier support specialist assistance throughout the invoicing and payment stages.

The form allows vendors to opt into the EPP program, with options for early payment terms including potential discounts for vendors who agree to expedited payment cycles. Vendors can specify their interest in the program by completing contact information, selecting payment term preferences, and agreeing to the Oxygen Network Supplier Terms of Use. The document notes that Texas State Agencies are permitted to make early payments to vendors, but are required to take a discount in return, as outlined in the Texas Government Code, Chapter 2155.382. Direct deposits may take 1-3 business days after the payment date, and paper checks could take up to 5 business days to receive.