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ALZHEIMER'S SOCIETY

Company number: 02115499

Reporting period:
31 October 2018 to 31 March 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 16 May 2019

and approved by Emyr Roberts

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 64%
• in 31 to 60 days: 25%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 36 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

The Society's standard terms of payment are 30 days from the date of the invoice. There were no changes to the standard contractual payment terms during the period under review.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Payment disputes are handled via the Accounts Payable team within Finance, who act as the liaison point between the supplier, the budget holder and (if different) the person responsible for authorisation of invoice payment. Payment authorisation is subject to the Delegation of Financial Authority policy, as approved by the Board of Trustees.

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