BAXTER HEALTHCARE LIMITED

Company number: 00461365

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 13 July 2018

and approved by Jon Garay

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

• within 30 days: 25%
• in 31 to 60 days: 52%
• in 61 days or more: 23%

Invoices due but not paid within agreed terms: 98%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

122 days

Standard payment terms

For vendors where a contract is put in place the standard terms 60 EOM02 for goods and services, a selection of goods and ser vices are on 30EOM02 depending upon the nature of the goods / services that they provide. Where No contract is in place and the Purchase is made just via a Purchase order then the standard terms applied are 45 days

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

122 days

The Payment Clock has been designed based on using the Invoice Receipt Date as the baseline date, with a 7 calendar day grace period. For invoices received within the 7 day grace period payment run will be based on the Supplier invoice date

Any other information about payment terms

The Payment Clock has been designed based on using the Invoice Receipt Date as the baseline date, with a 7 calendar day grace period. For invoices received within the 7 day grace period payment run will be based on the Supplier invoice date

Dispute resolution process

The main point of contact for disputes is the Accounts Payable Services Provider in Kolkata, this team in Kolkata is further supported by a designated Query Resolution Specialist Team based in Dublin. When the supplier raises a dispute, the supplier sends an email or makes a call to a dedicated Country level support email/telephone number. The case will be automatically assigned a ticketing number and recorded against the query. Ticket numbers remain open and in process until the situation is fully resolved. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. The PO number containing payment terms is communicated by Baxter’s procurement tools when an order is placed with a supplier, inconsistency can be address at point of engagement.

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