Dear Suppliers,
Please be informed that AAT has planned to launch new Account Payable system (GAPS) in February and new Standard Payment Terms will also be applied. The payment term will be changed from 25th of the following month to 5 payments/month (45 days in average). This is to align with Global Payment Term, eliminate Non Standard Term and improve supplier financial stability.
Please find the enclose letter for more details. Should you have any query please contact to your responsible buyer.