Payment Cycle Flow

Transaction Structure	Who sends the invoice?	Payment Term	Month-1	Month-2	Month-3	Month-4
Partners sell to Coda	Partner	30	“Transaction Period”	Week 3: “Invoice” Week 4: “Pay”
		60	“Transaction Period”	Week 3: “Invoice”	Week 4: “Pay”
		90	“Transaction Period”	Week 3: “Invoice”		Week 4: “Pay”
Partners sell to End Users	Coda	30	“Transaction Period”	Week 3: “Invoice” Week 4: “Pay”
		60	“Transaction Period”	Week 3: “Invoice”	Week 4: “Pay”
		90	“Transaction Period”	Week 3: “Invoice”		Week 4: “Pay”