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The APB guarantees two-week supplier payment terms

Palma, 07/04/2020

The Port Authority of the Balearic Islands (APB) maintains its two-week supplier payment terms, thus continuing to operate as it did before the Spanish Government declared the ‘state of alarm’ on 14 March. In this sense, the APB commits to speeding up payments to its suppliers for their services and products in order to ensure cash flow for the companies that work with it.

All invoicing with the APB is processed electronically. To this end, the different organisational units involved in the payment of invoices are making an additional effort in the light of the social distancing measures decreed by the Government. In this sense, the Information Systems and ICT Infrastructure Division has set up 136 computers in the homes of APB staff to enable remote port management, which means that more than 40 per cent of the staff are now telecommuting.

The Procurement Division ensures the electronic processing of delivery notes and certifications of the work carried out through the Tendering Portal, while the Economic and Finance Department is giving priority to speeding up payments to suppliers.


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