SynGAP Research Fund is committed to transparency and accountability in everything we do, including how we manage payments. To ensure consistency and proper documentation, we have a clear payment policy in place. Here’s what our partners and vendors need to know:
We Require Invoices for All Payments
We are only able to issue payments upon receipt of a formal invoice. There are no exceptions to this policy. Your invoice must:
- Be clearly dated
- Include detailed payment instructions (e.g., mailing address, ACH/wire details)
- Reference the specific work, service, or deliverable being billed
- Refer to any agreement or contract that supports the payment
Incomplete or vague invoices may cause delays, so we appreciate your attention to detail.
Our Payment Terms Are Net 30
We operate on a Net 30 payment cycle. That means we have up to 30 days to process and issue payment from the date a valid invoice is received. While we always aim to process payments efficiently, we have strict internal controls in place, and expedited payments are not an option.
International Payments Must Be Wired
SRF does not issue paper checks to international institutions. All international payments must be processed via wire transfer. Please ensure your invoice includes complete and accurate wiring instructions, including:
- Bank name and address
- IBAN or SWIFT/BIC code
- Account number
- Beneficiary name and address
To simplify processing, please provide your invoice total in USD and specify what exchange rate you used and where you obtained it.
Providing complete wire details and clear conversion information upfront helps avoid delays and ensures timely processing.
Thank you for your understanding.