ORACLE CORPORATION UK LIMITED
Company number: 01782505
Reporting period:
1 June 2017 to 30 November 2017
Report filed on:
19 December 2017
Approved by:
David Hudson
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 20%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
'Immediate' and '30 days' were the most commonly used payment terms during the reporting period. In terms of percentage, 43% and 23% of transactions respectively belonged to these two payment terms (from the date the invoice was received to the payment date). 33% of transactions belonged to '45 days' payment terms.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We have a dedicated team that handles supplier queries - P2P Helpdesk. For any concerns raised by the suppliers, the P2P Helpdesk team internally works with the relevant teams to provide a solution.
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.
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