ESBD_436448_1752768610937_05. Appendix B - Early Payment Program.pdf

This document is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), developed in partnership with Oxygen Finance Americas, Inc. The program offers vendors more flexibility and control over their business finances by providing enhanced invoicing and payment processes. Key benefits include electronic invoice submissions sent to one email address for all TxDOT divisions, timely rejection notices within one business day, faster payments typically made within 10 business days, monthly remittance statements for vendor reconciliation, and live supplier support throughout the invoicing and payment stages.

The form allows vendors to enroll in the EPP by providing company details, contact information, and selecting payment term options. TxDOT allows early payments to vendors but requires them to take a discount in return, as specified in the Texas Government Code, Chapter 2155.382. Vendors can choose to accept discounts dynamically calculated based on early payment terms, with the specific discount percentage and payment date to be negotiated. The document includes a link to the Oxygen Network Supplier Terms of Use and provides space for vendors to indicate their interest in the program or request additional information from a supplier support specialist.