INTELSAT GLOBAL SALES & MARKETING LTD.
Company number: 04098445
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
30 September 2019
Approved by:
Adriano Ros
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 8%
- in 61 days or more: 21%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
We have procurement policies, and terms are agreed with vendors.
Standard payment terms are 45 days after receipt of an accurate and complete invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputing an invoice:
Regarding a dispute, claim or other disagreement between the parties regarding an invoice (a “Dispute”), excluding any Dispute concerning the decision of a party which decision is subject to that party’s sole discretion, the parties will first attempt to resolve the Dispute on an informal basis.
Notifying the Vendor:
The vendor shall be notified in writing, which notice shall set forth the details of the underlying Dispute. The parties shall arrange meetings or telephone conferences, as needed, at mutually agreed upon times and locations, to attempt to resolve the Dispute.
If either party believes that the Dispute is unlikely to be informally amicably resolved, a party may call for progressively senior management involvement in the Dispute negotiation and resolution process by providing a written notice to the other party.
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 Fair 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