BAXTER HEALTHCARE LIMITED
Company number: 00461365
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
13 January 2022
Approved by:
Michal Smialek
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 52%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
For suppliers where a contract is put in place the standard terms are 90 days from receipt of invoice for goods and services.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The main point of contact for disputes is the Accounts Payable Services Provider in Kolkata, this team in Kolkata is further supported by a designated Query Resolution Specialist Team based in Dublin. When the supplier raises a dispute, the supplier sends an email or makes a call to a dedicated Country level support email/telephone number. The case will be automatically assigned a ticketing number and recorded against the query. Ticket numbers remain open and in process until the situation is fully resolved. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. The PO number containing payment terms is communicated by Baxter’s procurement tools when an order is placed with a supplier, inconsistency can be address at point of engagement.
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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