SIEMENS GAMESA RENEWABLE ENERGY LIMITED
Company number: 10253129
Reporting period:
1 October 2019 to 31 March 2020
Report filed on:
30 April 2020
Approved by:
Ross Keyzer-Dean
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 25%
- in 61 days or more: 34%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
120 days
Standard payment terms
Payment terms usage : -
Intercompany transactions paid immediately in the in the month after the receipt of invoice were 23% of the total transactions .
3rd party payment terms 60 days 38% , 90 days 5%, 30 days 13%, 96 days 14%, 45 days 1%, 0 days 4%, and 14 days 2% of the total transactions. Remainder of transactions were on payment term with less than 1% occurrence and included 120 days as the
longest payment term
Were there any changes to the standard payment terms in the reporting period?
Hull Factory - payment terms were changed from monthly payment on 15th of each month to 28th
Other changes were agreed with specific vendors
Were suppliers notified or consulted about these changes before they were made?
Wrote to vendors - letter and/or email
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
1) Central Accounts Payable (AP) team for payment enquiries, contact points via phone/e-mail/supplier portal. Relevant details are
on Purchase Orders. A) Tel: 0845 602 6873 b) E-mail apsupport-gbandi.in@siemens.com
2) AP liaise with supplier to obtain and process missing invoices
a) Check existing systems (scan provider/e-invoice provider/invoice process queue to see if invoice already in query and/or
returned to suppler)
3) AP liaise with suppliers to confirm payment details (past and upcoming)
4) AP liaise with approvers to release overdue invoices for payment
5) Special team deals with ‘final demand’ cases and legal notices
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 Fair 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.
Yes
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.
Yes
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