Payment Procedures

Payment Terms Policy

CN’s standard payment terms are sixty (60) days from the date on the invoice unless discounted terms have been negotiated.

Payment Method Policy

CN requires all vendors to register for electronic payment, via EFT (Electronic Fund Transfer) or ACH (Automated Clearing House). EFT and ACH are the most efficient and secure payment methods and cannot be lost, stolen or otherwise delayed by postal service. There is no cost to our vendors and payment details are automatically provided by email or fax. CN issues EFT and ACH payments daily. Electronic payments are also an environmentally friendly choice, eliminating paper waste.

The benefits to your company include:

  • Protected cash flow position
    Improve your cash flow and reduce your A/R balance. EFT/ACH payments are issued daily. This means that if your invoice is in our system, your payment will be deposited in your bank account on the due date.
  • No more check deposits
    Funds are deposited directly to your account and available much sooner.
  • Reduced transaction costs
    A detailed EFT remittance advice with the invoice details is automatically sent to a fax or email address of your choosing for your cash application process. The advice is also sent up to 3 days in advance allowing you to plan your cash flow ahead of time.

You can add or update your banking information on our supplier portal. If you are currently not registered for our portal, you can register by completing the form using this link.

Should you have any questions or require additional information, please do not hesitate to contact our Accounts Payable group at 514-399-4700.

EFT and ACH Payment Advice:

A detailed EFT/ACH payment advice (listing invoices paid and deposit date) is automatically emailed or faxed to you 1 to 3 business days prior to the deposit date. This provides vendors with advance notice for their cash flow planning and cash application process.