WALGREENS BOOTS ALLIANCE SERVICES LIMITED
Company number: 07073433
Reporting period:
1 September 2023 to 29 February 2024
Report filed on:
14 May 2024
Approved by:
Marco Kerschen
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 12%
- in 61 days or more: 8%
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
30 days
Longest standard payment period
120 days
Standard payment terms
Walgreens Boots Alliance Services Limited has standard payment terms of 30 days from the date of invoice, unless agreed otherwise.
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
105 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The main point of contact for invoice queries is Walgreens Boots Alliance Services Limited's Accounts Payable team, who manage the approval of invoices and follow internal processes to deal with and resolve invoice queries. Unresolved invoices are escalated internally during regular review meetings. Accounts Payable maintain a dedicated email address and communicate all queries both new and resolved with suppliers by email or phone.
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