KODAK ALARIS LIMITED
Company number: 08552155
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
17 April 2019
Approved by:
Mark Alflatt
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 56%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
70 days
Standard payment terms
Our standard payment terms are net 60 days
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
70 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The first point of contact for any invoice dispute are the Accounts Payable team.
Where an invoice dispute remains unresolved then it is escalated to the Procurement Team.
The requistioner is involved if a dispute remains unresolved (i.e. the person who raised the PO).
The EMEA Commodity Manager for the Region is the final point of escalation.
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