Company number: 00942215
and approved by Liam O'Brien
Average time taken to pay invoices: 85 days
Invoices paid:
Invoices due but not paid within agreed terms: 7%
90 days
91 days
Invoicing and payment shall be made in accordance with Ericsson’s instructions. A valid invoice shall at a minimum contain a reference to the PO, Seller’s name and address, and specification of the Products or Services purchased. With deviation from what otherwise may be provided for under applicable law, it is expressly agreed that payment shall be effected within ninety (90) days from date of complete and successful delivery of the Products or Services, including any documents, and receipt of a correct invoice. Further guidelines and requirements for invoices, including support for e-invoicing and supplier self-service can be found at http://www.ericsson.com/thecompany/sourcing/supplier-partner-resources/invoicing-payments. In case of delayed payment of approved invoices, the seller shall notify Ericsson thereof and Ericsson shall thereafter expedite the payment.
Answer not provided
N/A
90 days
No further comment provided
N/A
If the dispute cannot be resolved through the regular Sourcing contact, then the general position is that the dispute would initially be escalated to the UK Head of Vendor Management and if not resolved, would be escalated further to the UK Head of Sourcing for final resolution. If the dispute is not resolved at this stage, the dispute resolution process outlined in the General Services Agreement between Ericsson and the Supplier will be effected. This involves notification of the Managing Directors of both parties, a mediation request made and being granted and Expert determination being consulted. In the event that the dispute is not resolved by these means, the dispute goes to arbitration, involving legal (and ultimately court) proceedings.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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.
Yes
No
No