MICROSOFT LIMITED
Company number: 01624297
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
16 February 2021
Approved by:
Clare Barclay
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Microsoft’s Standard Supplier Payment Terms are 2% 10/ Net 60. After Microsoft accepts the purchase and receives a correct and undisputed invoice (the “Create Date”) Microsoft will release payment for the total amount less 2% discount by net ten (10) calendar days. If the 10-calendar day period expires, Microsoft will release payment for the total invoice amount by net sixty (60) calendar days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers can contact Microsoft Accounts Payable via apuk@microsoft.com or via MSInvoice which is a web-based application provided to suppliers which allows them to submit electronic invoices directly to Microsoft and raise any concerns. When an invoice is disputed, the supplier will receive an automated email indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Microsoft Limited has signed up to The Prompt Payment Code
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
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.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No