Company number: 00728502
and approved by Warwick Hunt
Average time taken to pay invoices: 43 days
Invoices paid:
Invoices due but not paid within agreed terms: 28%
14 days
60 days
Under PwC’s standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice in PwC’s central processing centre, payables.invoices@uk.pwc.com. A small number of suppliers have standard terms that are 45 days. On average we took 28 days to pay third party suppliers. For inter-territory trade with other PwC member firms*, the payment of all undisputed sums is made in accordance with the PwC global network standard settlement policy of 60 days. On average we took 61 days to pay other PwC member firms. (*Member firms of the PwC global network)
Answer not provided
N/A
60 days
The 60 days maximum contractual payment period stated above relates to PwC member firm suppliers only. Our maximum period for third party suppliers is 45 days.
On average we took 28 days to pay third party suppliers and 61 days to pay PwC member firm suppliers.
Standard contracts: For PwC standard contracts we seek to resolve any issues in the first instance between the authorised representatives of the firm and the supplier. Both parties should, where possible, meet within five days of the dispute arising and should continue to perform their relevant obligations, whilst working together to resolve the dispute. If the matter cannot be resolved, the issue may require escalation to senior members of both the supplier and PwC. Should it be required, the firm will seek the assistance of the mediation services of the Centre for Effective Dispute Resolution (CEDR) - for more information: https://www.cedr.com /solve/dispute-resolution-services. Implied contracts: The above process will also apply where there is no formal contract in place. The authorised representative will be the supplier’s main contact with PwC for these purchases (typically the person who ordered the goods or services and who has been named on the invoice).
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.
No
No
No