Company number: 04251409
and approved by Rachel Patton
Average time taken to pay invoices: 18 days
Invoices paid:
Invoices due but not paid within agreed terms: 16%
30 days
42 days
30 days from Invoice date unless invoice was provided incorrectly then we go from 30 days from the date we received the correct invoice.
Answer not provided
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42 days
No further comment provided
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Upon placing an order with our supplier we send them a purchase order. Which mentions the correct way of providing us with their invoice to ensure a smooth payment process. POH text: Other Comments or Special Instructions Please quote PO number on all correspondence. Invoices & all finance correspondence to be sent to the following email address:box.britned.invoice@BritNed.com to ensure a smooth payment process, please ensure invoices are addressed correctly (as above), reference the PO number and contain your bank details. We are happy to receive multiple invoices in a single email Accounts contact tel: +31 2620 20135" When we first started this new process the first invoices were processed when they would be for older Purchase orders. . But after we stared sending out our new Purchase Orders with all the necessary information then we stopped processing incorrect provided invoices. Once invoice was/is received it is checked on proper format. If anything is not correct we send email with attachment back to supplier with our Accounts Payable process guidelines. Dear Sir Madam, Unfortunately we cannot process your invoice. We would like to inform you on the BritNed Accounts Payable process. Please note that the missing/incorrect information is highlighted in red. • If possible for your company to (re)send your invoices and statements/inqueries directly by email to box.britned.invoice@britned.com We would like to set a few guidelines regarding invoices to ensure a smooth procedure. - Make sure your invoice always mentions your bankdetails. If this is already the case for your company, we thank you in advance. If this is not possible for your company, always send your invoice + the necessary bankdetails ,on separate paper perhaps BUT always combined in 1 pdf file. - Make sure you send 1 invoice in 1 pdf not combine them. Because they are uploaded into a recognition system, they need to be seperated. - More than 1 invoice per email by multiple pdf files is not an issue. - Make sure (the correct) BrtiNed Development Ltd Purchase Order number is mentioned on everyone of your invoices, please contact your BritNed contactperson for this number. - Make sure the correct invoice address is mentioned. UK: BritNed Development Limited 35 Homer Road Solihull West Midlands B91 3QJ • When you send your email to box.britned.invoice@britned.com always mention your company name + invoice number in the subject...or that the document is a statement. We would like to thank you in assisting BritNed in this process where possible. Please do not hesitate to contact us if there are any questions.
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.
No
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