Renowned as one of the most reliable contracting companies for payment timeliness, Petrobras has announced a strategic update to its payment policies. Under the new plan, the company will settle invoices for maintenance and administrative support within 30 days.
Alexandre Vilela, CEO of Westhon commented: “Petrobras is reinforcing its commitment to the business community by ensuring prompt payments. This initiative not only secures Petrobras’s position as a leader in the sector but also attracts more suppliers and prompts competitive pricing. This comes at a critical time when many other companies continue to exert pressure on suppliers by extending payment terms to 90 days or more.”
This announcement is part of a broader initiative by Petrobras to modernize its sourcing processes, incorporating new tools and more flexible rules for supplier approval.