DEMATIC LIMITED
Company number: 05856366
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 23 July 2018
and approved by Amy Busby
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 56%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 15%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
30 days end of month
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
1. We utilise the services of a document management company to scan and index vendor invoices before being imported into our ERP. There is a dispute management tool built in to ensure vendors correctly email documents to avoid delays. Details of this process are communicated to all new vendors and re-communicated in the event of any issues causing a delay. 2. Dispute resolution workflow tool within the ERP linking the whole business. It involves automate workflows for goods receipt, service approval, accounting information & tax queries. There are handling codes to denote reasons for query and business KPI's & SLA to encourage timely responses to allow payments be made to terms.
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