Company number: OC392043
and approved by Clive Mosey
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 46%
7 days
60 days
30 days from receipt of invoice
Answer not provided
N/A
60 days
Viapath Analytics makes payments to its suppliers via a third party which uses an off shore shared service centre (SSC). The SSC contract is not managed direct by Viapath. We continue to address issues with SSC performance where this has an adverse effect on our ability to pay on time. During this reporting period (July to December 2018) Viapath Analytics continued to address many of the performance issues and settled numerous overdue invoices. Therefore, although our payment performance in the reporting period has improved on the previous period it is still slower than we would expect. Our intention is to further improve this in 2019.
N/A
Viapath Analytics dispute policy has the following steps: 1. Make contact with the supplier and ask for an updated statement and copy of all outstanding invoices. Where needed we have telephone conferences or face-to-face meetings to resolve complex issues. 2. Reconcile the statement and provide an update to Supplier on the status of each invoice so they know where the invoice is in the approval and payment process.
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.
No
No
No