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ACH Payments for North America

As part of our program of continuous improvement, Sealed Air is currently undertaking several initiatives to improve the efficiency and effectiveness of our supply chain processes using the best in new technology. One of the things we are doing is offering you, as a valued supplier of Sealed Air, the opportunity to receive future payments electronically via ACH (Automatic Clearing House) through Xign. This method of payment includes electronic remittance details, which will enable you to apply cash payments more effectively than other types of payments.

Depending on your business needs, we offer CTX or CCD payment method:

• CTX will provide you with remittance details that are transmitted with the funds transfer through the banking system, which will enable you to integrate to your ERP system. It is possible that your bank may charge you a fee for selecting this service.
• CCD will provide you with remittance details via email, which will arrive separately from the funds transfer through the banking system

Either option will allow your company to realize many cash management improvements post enrollment:

• Improved cash management/forecasting
• Improved speed of processing
• Improved accuracy of cash application
• Better systems integration
• Reduced risk of lost, stolen, or damaged checks
• Increased processing efficiencies
• Reduced administrative cost

Please contact your financial institution in order to discuss their ability to provide either of these services, since it could take up to 48 hours before you can access those funds.

Because of the change in payment method, the availability of funds in your bank account would improve by approximately 5 days. Therefore as we introduce this new process, SAC will adjust / extend your current net terms of payment to account for the extra 5 days.

To enroll for the ACH payments via CTX or CCD click here to download the form. For questions on ACH enrollment only, please contact your local purchasing agent.

Learn more about our preferred electonic process through Xign.