SPRINGER NATURE LIMITED
Company number: 00785998
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
Ulrich Vest
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 19%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 58%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
Our most used standard payment terms are 30 days from invoice date for regular vendors, but we have a lot of payments to individuals that are based on 0 days payment term
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
180 days
Our standard payment term for our contractual royalty payments is 120 days after a financial year. These payments are annually paid in April.
Any other information about payment terms
No further comment provided
Dispute resolution process
Vendors can contact our global support department Globalapsupport@springernature.com They will answer all questions regarding the status of an invoice/payment and resolve any dispute with payment amounts and deductions received in their bank account. Any other disputes regarding delivery needs to be resolved with the employee who bought the goods or services.
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