Published reports

ORGANON PHARMA (UK) LIMITED

Company number: 00820771

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2023 to 30 June 2023

Report filed on:

24 November 2023

Approved by:

Torben Dahl

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Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 52%
• in 31 to 60 days: 3%
• in 61 days or more: 45%

Late and disputed:

• payments due in the reporting period which have not been paid within the agreed period: 20%

Payment terms

Shortest standard payment periods

90 days

Longest standard payment period

Answer not provided

Standard payment terms

Organon operates with 90 days as its standard payment terms for all vendors unless there are exceptional circumstances

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

Any complaint or concern are directed in the first instance to the Source to Settle (StS) helpdesk. There are 3 levels of tiering within the helpdesk and the dispute can be escalated through these to reach resolution.

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.

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