STANDARD LIFE EMPLOYEE SERVICES LIMITED

Company number: SC271355

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 30 July 2019

and approved by Patrick Bartlett

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• 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%

Payment terms

Shortest standard payment periods

31 days

Longest standard payment period

60 days

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?

Answer not provided

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

N/A

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

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 Edinburgh EH1 2DH

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