STANDARD LIFE EMPLOYEE SERVICES LIMITED
Company number: SC271355
1 January 2019
to 30 June 2019
This report was filed on 30 July 2019
and approved by Patrick Bartlett
Average time taken to pay invoices: 48 days
- within 30 days: 36%
- in 31 to 60 days: 48%
- in 61 days or more: 16%
Invoices due but not paid within agreed terms: 16 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
SLESL Standard payment terms on Purchase Order.
Payment of the Price will be made by the end of the month following either;- 1) in which the goods are received or accepted by Standard Life or the services provided or, 2) in which the invoice for such Goods and Services is received, whichever is later
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
In the first instance invoice queries should be referred to the business area or team that initially raised the Purchase Order, for resolution. The information is available on the Purchase Order. Should the dispute not be resolved in a reasonable time the dispute should be raised through the line in the business area and (if appropriate) to the appropriate Procurement specialist. The Purchase to Pay team at Standard Life should also be contacted. They can be contacted at;_
Purchase to Pay Team
Business Finance Solutions Operations
30 Lothian Road
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?