Company number: 00575914
and approved by Daniel Benoit
Average time taken to pay invoices: 70 days
Invoices paid:
Invoices due but not paid within agreed terms: 30%
1 days
75 days
Xerox releases payment of invoices on or before the third (3rd) business day of the month following the sixtieth (60th) calendar day after the supplier's correct invoice.
Answer not provided
N/A
120 days
No further comment provided
Xerox endeavours to process all payments of invoices from all suppliers by their due date. Reasons for Xerox not being able to pay based on agreed terms include; receiving late or non-compliant invoices, invoices that are in dispute and our practices to consolidate payments into batches of an efficient size on a weekly payment run or monthly-preferred terms. Xerox also continues to promote its mature Procurement Card program which was established to ensure an efficient and timely payment process for suppliers and this program is now reflected in this report.
At Xerox, we aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should a supplier have an invoice query they can contact Xerox accounts payable. If Xerox Accounts Payable team is not able to resolve the query, they will escalate the issue. The accounts payable team will communicate with the internal business contacts or Procurement to investigate why the invoice has not been approved for payment, and work to resolution.
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.
No
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
No
No