EMC EUROPE LIMITED
Company number: 00990752
Reporting period:
2 February 2019 to
1 August 2019
This report was filed on 29 August 2019
and approved by Richard Rawcliffe
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 19%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 6%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
80 days
Standard payment terms
The company’s most frequently used terms used during the reporting period were immediate, Net 30 and Net 80 days. Net Terms: Payment is processed by a daily payment batch following 0 /30/ or 80 days (per terms) after the invoice is received.
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
80 days
No
Any other information about payment terms
No
Dispute resolution process
In the event of a dispute between a vendor and the company, the vendor can contact the accounts payable department including via an online tool accessible to vendors. The accounts payable department will work to address and resolve the issue. If the matter remains unresolved, it will be escalated to company management, with ultimate redress to applicable courts.
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.
Yes
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