ELANCO UK AH LIMITED

Company number: 11378434

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 30 July 2020

and approved by Christopher Lewis

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 68%
• in 31 to 60 days: 31%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 30%

Payment terms

Shortest standard payment periods

10 days

Longest standard payment period

60 days

Standard payment terms

Standard contractual terms for goods and services is 60 days. Healthcare Professionals are paid 10 days from invoice date. Affiliate companies are paid on the 15th of the month following.

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

60 days

N/a

Any other information about payment terms

N/a

Dispute resolution process

Vendors for UK, Ireland, Nordics, France, Germany and Spain can upload and view the status of their invoices and purchase orders on our online portal, eConnect. All Invoice and payment queries are first directed to our outsourced Accounts Payable Business Partner, who have 48hrs to respond. Unresolved queries are then escalated to the internal Exception Handling Team, who have a further 48hrs to respond. If a resolution is still not reached it is then escalated to the internal Single Point of Contact Team. If an invoice is sent in without a purchase order it is returned to the vendor, to be resent with a purchase order number.

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.

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.

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