INFOR (UNITED KINGDOM) LIMITED

Company number: 02766416

Reporting period:
1 November 2017 to 31 March 2018

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This report was filed on 30 April 2018

and approved by George Czasznicki

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• within 30 days: 53%
• in 31 to 60 days: 26%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 39%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period are net 30 days. We record many business-critical payments as zero day terms to ensure prompt payment, for example when payment is dependent on first receiving monies from our customers, which increases the percentage of invoices showing as paid outside terms.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

90 day terms are generally for intercompany supplies

Any other information about payment terms

N/A

Dispute resolution process

In the first instance complaints should be directed to the Infor employee who placed the purchase order. These can be escalated to our Accounts payable department at the shared service centre in the UK as per your purchase order from Infor.

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 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.

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