BAXTER HEALTHCARE LIMITED

Company number: 00461365

Reporting period:
1 July 2019 to 31 December 2019

This information is as reported by the business, and responses are in their own words.

This report was filed on 24 January 2020

and approved by Michal Smialek

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

within 30 days: 38%
in 31 to 60 days: 46%
in 61 days or more: 16%

Invoices due but not paid within agreed terms: 54%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

77 days

Standard payment terms

For suppliers where a contract is put in place the standard terms are 60 EOM02 for goods and services, a selection of goods and services are on 30 EOM 02 depending upon the nature of the goods / services that the suppliers 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

92 days

Baxter adopt a Payment Clock process and this has been designed based on using the Invoice Receipt Date as the baseline date for calculating the due date. If a supplier invoice is received by Baxter within a 7 calendar day grace period the invoice date is used as the basis to calculate the due date. For invoices received outside of the 7 day grace period the receipt date of the invoice is used as the basis for calculating due date.

Any other information about payment terms

N/A

Dispute resolution process

The main point of contact for disputes is the Accounts Payable Services Provider in Bucharest/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.

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.

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?

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