All vendor financial obligations and claims must be processed and paid in a timely fashion according to the terms and conditions of the relevant purchase agreement or contract.
Trade payables are normally settled within 30 days of the date of receipt of the invoice.
In order to commence the invoice processing activity each respective entity i.e. ACTVET, IAT or ADVETI must receive supporting documentation, including, but not limited to, receiving documents (i.e. Original Invoices, Delivery Notes completion certificates) and/or hard copy quotes, before they can be approved, coded and submitted for payment.
Vendors must be directed to send all invoices directly to the Finance Department of each entity i.e. Accounts Payable in ACTVET or Accounts Payable in IAT or Accounts Payable in ADVETI. The physical locations are as follows:
ACTVET – IPIC Building – 15th & 16th Floors, Sultan Bin Zayed the First Street, Abu Dhabi, UAE.
