CIVICA UK LIMITED
Company number: 01628868
Reporting period:
1 October 2017
to 31 March 2018
This report was filed on 30 April 2018
and approved by Phill Rowland
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 24%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 47 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms range from 30 to 90 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Changes to standard payment terms are managed via a Supplier Set-Up Process which includes discussions and agreements with Suppliers. Non-standard payment terms range from 30 days to 90 days.
Any other information about payment terms
N/A
Dispute resolution process
Disputed invoices are returned to the supplier by a member of the Accounts Payable Team. Each Team Member retains responsibility for the resolution of the dispute and monitors progress via a weekly dispute log which is produced from the invoice registration system
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
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