SOFTWARE AG (UK) LIMITED
Company number: 01310740
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by George Alexander Weatherall
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 10%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 16 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
No differing terms agreed
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Customers would call the accounts payable department in the first instance.
The AP department would then follow up with either the purchase requester, the head of the department for which the purchase related or the Finance Director as appropriate.
This process can take as little time as a day but may take longer depending on the length of time it takes to get confirmation for payment from the above mentioned individuals.
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
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