Company number: 05124926
and approved by Phaedra Ann Andrews
Average time taken to pay invoices: 58 days
Invoices paid:
Invoices due but not paid within agreed terms: 5%
60 days
Answer not provided
The business' standard payment terms for all new suppliers is 60 days from the date that an invoice is received. In special circumstances or due to legacy agreements the contractual length of time may vary from this.
Answer not provided
N/A
120 days
N/A
Whilst Amazon' s standard terms for normal commercial relationships are 60 days, there are a number of business units that have payment terms considerably lower than this. These business units pay a large volume of invoices on shorter terms. This explains Amazon's average term of 12 days.
Amazon actively seeks to resolve disputes through open and honest communication between the supplier, and Amazon Accounts Payable, Procurement or Business teams responsible for the relationship with the supplier. This involves proactive email and/or phone communication with the supplier. Should this fail disputes are escalated to the relevant Business Leader and Finance Director.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
Yes
No
No