REEBOK INTERNATIONAL LIMITED
Company number: 01757889
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 15 August 2019
and approved by Martin O'Brien
Payment statistics
Average time taken to pay invoices: 16 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 20%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 27 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Reebok International Limited’s standard payment terms for the majority of our suppliers are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Should a dispute regarding an invoice arise, the supplier is generally contacted by email or via a phone call by a member of our finance team. To resolve the issue, the supplier is required to provide a corrected invoice and send it back to our electronic inbox. Telephone calls can be arranged if the supplier thinks it will be beneficial to do so.
Should a dispute regarding payment arise, the supplier should contact our accounts payable team accountspayableriluk@reebok.com.
All queries are investigated and resolved in the most timely and expedient manner for both parties. Our internal target is to respond to supplier queries within 48 hours.
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